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Refinance Overview

Looking to lower your interest rate, shorten the term of your loan or switch from an adjustable-rate to fixed-rate mortgage? If so, refinancing might be the right option for you!

When you refinance, you receive a completely new mortgage with new terms, interest rates and monthly payments—the new loan completely replaces your current mortgage. If you have a high-interest rate mortgage, an adjustable-rate loan, or maybe your payments are becoming unmanageable, refinancing may be able to lower your monthly payments, shorten the term of your loan or move you into a more secure loan.

Whatever the reason, there are basically two types of refinancing options available—the federal government’s Home Affordable Refinance Program (HARP), which is designed specifically to help homeowners with little or no equity refinance, or a traditional Refinance. Find out if you’re eligible and which option may be right for you.


Home Affordable Refinance Program

HARP is designed specifically to help borrowers who may be ineligible for traditional refinancing due to a loss of home value or because they have little or no equity. More »

Traditional Refinance

If you simply want to make your payments more comfortable and your home value is steady or has increased, you may be able to refinance your mortgage. More »

Refinance Calculator

The refinance calculator is provided to help you with general information regarding the possible benefits of refinancing your first mortgage. More »


Before looking into refinancing as an option, there are a couple of things you should consider. Your mortgage payments need to be current before applying. The application process is similar to when you applied for a mortgage to finance the purchase of your home, so start pulling your financing information together right away. Your mortgage company will work with you through every step, and will help determine the best mortgage option for your specific needs.