Understanding Refinance Options

If mortgage rates have dropped since you took out your mortgage or if you’re looking to move into a different mortgage product that better fits your situation, talk to your lender about refinancing. 

If you’ve built up significant equity in your home over the years and could use this money for home improvements or to improve your financial situation, talk with your lender about a cash-out refinance.  

If you have little or no equity in home and want to take advantage of lower mortgage rates, HARP may be able to help.  This federal program was designed for underwater homeowners and can help to put you in a more stable, secure mortgage.