Refinance A Home Access

You pay a lump sum toward your loan balance during the refinance. This lowers your loan-to-value ratio and can help you secure a better rate or eliminate mortgage insurance. Pros and Cons

: Sign the new loan documents and pay closing costs. Types of Refinancing Rate-and-Term Refinance refinance a home

This is the most common type of refinancing. It changes the interest rate, the loan term, or both, without advancing new money. Cash-Out Refinance You pay a lump sum toward your loan