Refinancing and Home Equity
Rate-and-term refinance
Revisit your mortgage. Refocus your plan.
Overview
A rate-and-term refinance replaces your current mortgage to change the rate, repayment term or loan structure. It may help create a more predictable payment or a shorter path to paying off your home.
Compare the new payment with closing costs and total remaining interest. A lower monthly payment is not automatically a better deal if you extend repayment for many more years. Your expected time in the home belongs in the decision.
Solution highlights
- Review your rate and repayment timeline
- Compare fixed-rate and other eligible structures
- Evaluate payment changes alongside lifetime costs
Closing costs can offset savings. Restarting a longer term may increase total interest.
Program information is educational. Your team will confirm availability, eligibility, costs and terms for your state and situation. Not a commitment to lend.
Personal guidance. A clear next step.
Let’s see how this solution fits your plans.
Your team will help compare the options and put the numbers in context.