Refinance Overview

When you refinance, you receive a completely new mortgage that replaces your current loan with new terms, interest rate and monthly payments. If you have a high-interest rate mortgage, an adjustable-rate loan, or maybe your payments are becoming unmanageable, refinancing may be able to lower your monthly payments, shorten the term of your loan or move you into a more secure loan. Whatever the reason, there are different types of refinancing options to consider. Explore them and then talk to your local lender to find out which option may be best for your situation.

Traditional Refinance

If you simply want to make your payments more comfortable and your home value is steady or has increased, you may be able to refinance your mortgage. More »

HomeStyle Energy

Homeowners who want to make energy-saving and efficiency upgrades to improve the comfort of their home, save money on utility costs or prevent damage from natural disasters may want to consider a HomeStyle Energy refinance loan. More »

HomeStyle Renovation

Financing home renovations can be expensive. But combining your mortgage and renovation costs into one conventional loan may make them more affordable. More »


If you already have a Fannie Mae loan and are considering refinancing, this affordable cash-out option designed to meet the diverse financial needs of creditworthy borrowers may be right for you. More »

Refinance Calculator

The refinance calculator is provided to help you with general information regarding the possible benefits of refinancing your first mortgage. More »

Before looking into refinancing as an option, there are a couple of things you should consider. Your mortgage payments need to be current before applying. The application process is similar to when you applied for a mortgage to finance the purchase of your home, so start pulling your financing information together right away. Your mortgage company will work with you through every step, and help determine the best mortgage option for your specific needs.