Cash-Out Refinance
Rate & Term Refinance
Rate & Term Refinance
A cash-out refinance allows you to refinance for more than you currently owe and receive the difference in cash.
To qualify, you typically need sufficient equity in your home and must meet credit and income requirements. The amount you can access depends on your home's current value and your existing loan balance.
Cash-out refinance loans
A cash-out refinance allows you to refinance for more than you currently owe and receive the difference in cash.
To qualify, you typically need sufficient equity in your home and must meet credit and income requirements. The amount you can access depends on your home's current value and your existing loan balance.
Cash-out refinance loans are subject to maximum loan-to-value limits, credit approval, and underwriting guidelines. Refinancing may increase the total finance charge over the life of the loan. This is not a commitment to lend.
Rate & Term Refinance
Rate & Term Refinance
Rate & Term Refinance
A rate and term refinance allows you to change your interest rate, your loan term, or both — without taking cash out of your home's equity.
This may be a good fit if:
- Your current rate is significantly higher than today's rates
- You want to shorten your loan term (for example, from 30 years to 15 years)
- You want to switch from an adjustable-r
A rate and term refinance allows you to change your interest rate, your loan term, or both — without taking cash out of your home's equity.
This may be a good fit if:
- Your current rate is significantly higher than today's rates
- You want to shorten your loan term (for example, from 30 years to 15 years)
- You want to switch from an adjustable-rate mortgage to a fixed-rate loan for more payment stability
Rate and term savings vary based on your existing loan balance, current rate, new rate, and remaining term. Ask Steve to run a comparison for your specific situation.