Refinancing your home often comes with a set of extra fees and costs. Will a refinance save you more money than you’d have to pay in fees and costs? Let’s find out!3 3 The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. Refinancing your mortgage could mean more money in your pocket, whether you want to lower monthly payments or get cash to consolidate your loans. Learn more about refinancing options
Why Refinance? Refinancing is the process of paying off an existing loan with the proceeds from a new loan, and using the same property as collateral.
Refinancing Checklist Here’s a list of information you may be asked to provide when you submit your refinance application.
Refinancing Costs It’s important to understand the costs and fees you’ll have to pay for refinancing and how long it will take you to recover those costs.