Compare today's refinance rates from trusted lenders and see how much you can save. A mortgage refinance can help you pay off your home sooner, lower your monthly payments, and more A refinance occurs when a borrower replaces an existing loan with a new loan to improve the terms, such as the interest rate, amount borrowed, and length of the loan.
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See if today's refinance rates could lower your mortgage payment.
When you refinance, you pay off your original loan with a new loan that has more favorable terms Refinancing your home loan can be a way to lower your monthly mortgage payment, reduce your interest rate, or borrow against your equity. Learn more about your mortgage refinancing options, view today's rates and use our refinance calculator to help find the right loan for you. Learn how a mortgage refinance works, types of refinance loans you could get, and when it makes the most sense.
A mortgage refinance calculator like the one on fannie mae’s website lets you enter your current payment and a new interest rate for any potential refinanced mortgage to examine the potential.
