Rate and Term

A Rate and Term Refinance allows you to adjust your mortgage by changing the interest rate, loan term, or both.

Whether you want to take advantage of lower rates or shorten your loan term, refinancing could help you save money and reach your financial goals sooner.





















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Why Consider a Rate and Term Refinance?

  • Lower Your Interest Rate: Reduce your monthly payment and pay less in interest over the life of your loan.
  • Shorten Your Loan Term: Pay off your mortgage faster by switching from a 30-year to a 15-year loan.
  • Reduce Monthly Payments: Extend your loan term to lower your monthly payments and improve cash flow.
  • Stabilize Your Rate: Switch from an adjustable-rate mortgage (ARM) to a fixed-rate loan for more predictable payments.


Is Rate and Term Refinancing Right for You?

You may benefit from refinancing if:

  • Interest rates have dropped since you took out your original mortgage.
  • You want to pay off your loan faster or reduce your overall interest costs.
  • You’re seeking more financial stability with a fixed-rate loan.
  • You need to lower your monthly payments to free up cash for other expenses.









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