Cash-Out Refinance
Allows homeowners to increase the amount that they’re borrowing by pulling from the current equity in their home and taking out the difference in cash.
Refinance Products
Rate/Term Refinance
This type of refinance only changes the rate and term on your current loan.
By refinancing an existing loan, the total finance charges may be higher over the life of the loan. We may transfer the escrow account balance from the current loan to the new loan. If the current escrow amount is insufficient due to changes in taxes or insurance, we may require additional money when closing on the new loan.