Refinance

Overview

Reasons to Refinance

Lower Your Payment

Refinance and your monthly payment could drop, which could mean interest payment savings over the life of the loan. Check today’s rates to see how much you could lower your payments.

Cash Out

Refinance and get cash to pay for college, home improvements, consolidating debt, and much more. Find out what loan programs may be right for your cash out needs.

Switch to a Fixed Rate

Get the stability of the same principal and interest monthly payments. If your Adjustable Rate Mortgage is set to adjust or the payments are too high, it might be time to look at a fixed rate. Find out if refinancing makes sense for you.

Programs

Refinance Mortgage Programs

Which loan program is right for you? See comparison chart

Fixed Rate Mortgage View Details »

The most stable and straightforward loan to refinance your home.

No principal or interest rate change
Variety of discount points and rates
Pick a popular term (10, 15, 20, 25, 30) or choose your own term (e.g. 17 years)

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Adjustable Rate Mortgage View Details »

Adjust to a lower initial rate.

Great rates
Typically lower initial monthly payments
3/1, 5/1, 7/1 adjustable rate terms

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FHA Loans View Details »

Government backed loan for homeowners looking to lower their rate or use their equity for cash out refinancing.

Flexible income, credit, and down payment qualifications guidelines
U.S. government insured
Cash out up to 85% of appraised home value
10, 20, 30 year fixed rate term

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VA Loans View Details »

Simplified refinance programs for veterans, reservists, and active-duty service members.

Government backed mortgage program
No mortgage insurance premium (MIP) required
Flexible income qualifications
10, 15, 20, 25, 30 year fixed rate term

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Jumbo Loans View Details »

Get a flexible loan for a larger amount loan.

Competitive rates
10, 15, 20, 25, 30 year fixed rate term
3/1, 5/1, 7/1 adjustable rate terms

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Home Affordable Refinance Program View Details »

HARP helps financially troubled homeowners make payments more manageable.

Government backed program
Low to no equity qualifications
Opportunity to refinance to a more stable program

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Rates

Homebuying Mortgage Rates

PROGRAM	RATE	APR
30 Year Fixed	3.990%	4.079%
15 Year Fixed	3.250%	3.424%
5 Year ARM	3.000%	3.329%
Jumbo 5 Year ARM	2.875%	3.293%
VA 30 Year Fixed	3.750%	4.115%

Get a custom rate

Use our simple Custom Rate Calculator to get an instant rate quote.

Calculators

Refinance Calculators

Use our calculators to help you find answers to some common questions about refinancing.

01Monthly re-Payment Calculator

02 Refinance comparison calculator

Loan Process

The Refinance Process

Refinancing a home is a big decision. Let us help you understand how it all works. From applying for your loan to the closing process, we give it to you straight.

What are the steps
Who does what
What documents do I need

view loan process Our experienced Loan Specialists are licensed in your state and are ready to walk you through the loan process. Call now: (858) 652-8000, see hours of operation.

Step 1 - Get Ready !

Get Ready

Do your research
Gather your documents

Learn more about the loan process »

Step 2 - Apply !

Apply

Complete your loan application

Learn more about the loan process »

Step 3 - Get Approved !

Get Approved

Initial review
Underwriting
Approval decision

Learn more about the loan process »

Step 4 - Closing !

Closing

Settlement costs & payments
Sign your papers

Learn more about the loan process »

FAQs

Can I refinance if my home has lost its value?

Yes. Even if your current mortgage balance is more than your home is worth, you may still be able to refinance and lower your monthly payment. To find out if you qualify get started online now or call your Loan Specialist at (858) 652-8000, see hours of operation.

What if I’ve fallen behind on my payments?

We’ve helped thousands of homeowners get the home loan assistance they need. We can help you find a program that fits your particular situation and see if you qualify for a refinance, loan modification, or other home loan assistance program.

What are the benefits of refinancing?

Refinancing has many benefits, depending on your financial goals. You can refinance to lower your rate, pay off your loan sooner, get cash out of your home to pay for a big purchase (i.e. education or home improvements), or switch from an Adjustable Rate to a Fixed Rate.

What are the closing costs involved in refinancing?

The closing costs when refinancing are often similar to when you purchased your home. These costs typically include lender fees and third party fees, such as for an appraisal and title insurance. Learn more about mortgage fees or call your Loan Specialist at (858) 652-8000

Do I need to get an appraisal when I refinance?

Yes, in most cases, you will need an appraisal. If you have specific questions about the appraisal requirement, call a licensed Loan Specialist now: (858) 652-8000

What is a cash out refinance mortgage?

Cash out refinancing is simply borrowing money from the equity in your home based on its value. For example, if your home is valued at $100,000 and your current mortgage balance is $50,000, you could take $20,000 cash out when you refinance, resulting in a new mortgage balance of $70,000.

Can I refinance if I have “bad credit”?

Even if you have had credit problems, you may be able to refinance. Call us now at (858) 652-8000