Mortgage Refinancing
Get a lower rate and save.
Save money on your mortgage
Whether you want to lower your monthly payment or pay less in interest, we’re here to help you refinance on your terms with people you know and trust.
Why refinance?
Lower monthly payments
Refinancing at the right time and term may reduce your monthly payments. Use our handy mortgage calculator to see how much you could save.
Reduce the term of your loan
At lower terms, you’ll pay less overall by reducing your interest payments and paying the loan earlier.
Consolidate debt
Need to consolidate debt? Refinancing may help you pay off debt faster and at a lower interest rate.
Make home improvements
Refinancing can be a low-cost option for covering high-cost home improvements.
Current rates
|
Type |
Rate |
Points |
APR |
|
|---|---|---|---|---|
| Rates effective 12/11/2024 | ||||
|
APR = annual percentage rate. Mortgage rates are published daily and assume zero (0) points. Adjustable rates may adjust 2% annually after the fixed rate period with a 6% lifetime cap. Payment examples do not include amounts for taxes and insurance premiums and actual payment obligation may be greater than illustrated. |
||||
|
Type Fixed rate |
30 Years |
Rate 6.375% |
Points 0 |
APR 6.412% |
|
Type Fixed rate |
30 Years |
Rate 6.125% |
Points 1 |
APR 6.257% |
|
Type Fixed rate |
20 Years |
Rate 6.375% |
Points 0 |
APR 6.424% |
|
Type Fixed rate |
20 Years |
Rate 6.125% |
Points 1 |
APR 6.300% |
|
Type Fixed rate |
15 Years |
Rate 6.000% |
Points 0 |
APR 6.061% |
|
Type Fixed rate |
15 Years |
Rate 5.750% |
Points 1 |
APR 5.968% |
|
Type Fixed rate |
10 Years |
Rate 6.125% |
Points 0 |
APR 6.212% |
|
Type 3-year adjustable rate |
30 Years |
Rate 5.625% |
Points 0 |
APR 6.780% |
|
Type 5-year adjustable rate |
30 Years |
Rate 5.875% |
Points 0 |
APR 6.672% |
|
Type 7-year adjustable rate |
30 Years |
Rate 6.625% |
Points 0 |
APR 6.911% |
Create your own terms
Explore our rates and terms to find the right fit for your goals or take charge with MyChoice Mortgage and craft your very own refinance option. With MyChoice Mortgage, you choose the terms of your loan!
Simply select your fixed rate and a term from one to ten years, and get a mortgage that is truly tailored to your individual goals. Plus, the shorter the term, the lower the rate.
MyChoice Mortgage is designed to be quick and easy. In most cases, no appraisal is needed and closing costs are generally limited to $150.
Run the numbers.
It pays to plan ahead. Use our online mortgage calculator to estimate your monthly payment and closing costs.
Apply to refinance your mortgage
Disclosures
- 1.
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APR = annual percentage rate. Payment examples do not include amounts for taxes and insurance premiums and actual payment obligation may be greater than illustrated.
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- 2.
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APR = annual percentage rate. Fixed rate mortgage payment example: A fixed rate loan of $180,000 for 30 years at a 5.750% interest and an APR of 5.786% is a $1,050.43 monthly payment. Adjustable rate mortgage payment example: The adjustable rate mortgage is a variable rate loan; interest rates and payments may increase after the original fixed-rate period. Your interest rates and payments may increase after the original fixed-rate period. A loan for $180,000 at a 5.625% initial interest rate and APR of 6.48%, subject to increase, will have the following monthly payment: 300 payments of $1,178.22 at an interest rate of 7.00% based on the current index plus a margin.
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