Refinance Selection Tool
This easy-to-use tool
has been designed to
help you decide if
refinancing your
mortgage can help you,
and which of the many
available loan products
works best for your
finances, your lifestyle,
and your goals. By
answering a few
questions, you can
pinpoint the best loan
for you before you start
shopping for your
lender.
has been designed to
help you decide if
refinancing your
mortgage can help you,
and which of the many
available loan products
works best for your
finances, your lifestyle,
and your goals. By
answering a few
questions, you can
pinpoint the best loan
for you before you start
shopping for your
lender.
Find Your Financing
Why are you considering a
mortgage refinance?
mortgage refinance?
To get a lower interest rate
If you have an ARM that is adjusting to a higher rate, if
rates have dropped since you took out your current
mortgage, if you have a sub-prime loan and your credit
has improved, if your equity has increased and you'd like
to drop your MIP (mortgage insurance).
If you have an ARM that is adjusting to a higher rate, if
rates have dropped since you took out your current
mortgage, if you have a sub-prime loan and your credit
has improved, if your equity has increased and you'd like
to drop your MIP (mortgage insurance).
To get a lower payment
A lower payment can help you through a temporary
financial setback, free up money for investments, offer
flexibility if you have seasonal or commission income or if
you expect to receive a large sum in the future.
A lower payment can help you through a temporary
financial setback, free up money for investments, offer
flexibility if you have seasonal or commission income or if
you expect to receive a large sum in the future.
To get cash out
A loan secured by a mortgage can be the cheapest
available financing for home improvement, education,
consolidating bills, or paying for medical emergencies.
A loan secured by a mortgage can be the cheapest
available financing for home improvement, education,
consolidating bills, or paying for medical emergencies.
To fix an adjustable rate mortgage (ARM)
First, get out your loan documents and see what rate you
can expect your loan to adjust to, how high it can go at the
next adjustment and over the life of the loan. Then, use
our calculators to see if refinancing makes sense.
First, get out your loan documents and see what rate you
can expect your loan to adjust to, how high it can go at the
next adjustment and over the life of the loan. Then, use
our calculators to see if refinancing makes sense.
| NOTE: If your current mortgage is a sub-prime or bad credit mortgage, CLICK HERE |