Refinance Your Home
Which type of refinance is right for you?
Cash Out
Cash Out refinances allow you to remove some of the equity you have built up in your home, and use that cash for something else. If you’ve been paying your mortgage for a while and you have a need for extra funds, this could be a good option for you.
Reverse Mortgage
If you’re 62 or older and have built up equity in your home, you could be eligible for a reverse mortgage. In a reverse mortgage, you receive a regular monthly payment from the equity in your home, and the lender owns a larger portion of the home each month. If you meet the qualifications and need a regular income, this could be a good option for you.
Rate and Term
If you do not want to cash out the equity in your home, a Rate and Term refinance could be a good option for you. Rate and Term mortgages can lower your interest rate, lower your monthly payments, extend the length of the loan, or change the type of loan you have.