Mortgage Rates Just Changed — Millions Are Refinancing or Cashing Out
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Lower Your Interest Rate
If eligible, you can lower your interest rate. This could lead to lower payments and less money paid towards interest.
Why should lower my rate?
Save Money
Lower Payments
Shorten Your Loan Term
Shorten your loan term when refinancing from a 30-year term to a 15-year term. You may also lower your rate.
Why should I shorten my term?
Become mortgage-free quickly
Pay less interest
Leverage Your Home's Equity
Take cash out of your home to apply improvements, renovations, or other necessary expenses.
Why should I cash out?
Renovations
Pay for other debts or emergencies