Refinancing

See whether a refinance makes sense for you

Who it may fit

• Homeowners who want a different rate, payment, or loan term
• Homeowners who want to tap equity for renovations or to consolidate debt
• FHA and VA borrowers who may qualify for streamline options

Things to know

• Rate-and-term refinance: changes your rate and/or term without taking cash out.
• Cash-out refinance: borrows against your equity; the new loan is larger than the old one.
• Streamline options: FHA Streamline and VA IRRRL can reduce paperwork for eligible borrowers.
• Closing costs matter. We'll look at your break-even point before you decide.

Eligibility, terms, and availability depend on your situation and on lender and program guidelines, and are subject to change. Not all borrowers will qualify. No rates are quoted on this site.