Refinance & home equity
Make your mortgage work smarter
Refinancing can change your payment, your terms, or give you access to the equity you've built. EasyRate will run the numbers with you so you know whether it makes sense.
Why refinance
Reasons homeowners refinance
Lower your payment
Refinancing to a different rate or term may result in a lower monthly payment, depending on your situation.
Change your loan terms
Shorten your term to build equity sooner, or restructure to a program that better fits where you are now.
Access your home's equity
Access your home's equity to make home improvements or achieve other financial goals.
Applicant should not assume that any debt will be eliminated by refinancing or paying on balances since the debts are consolidated into a new loan. Reduction in payments may reflect longer loan terms and your total finance charges may be higher over the life of the loan. The actual amount of savings may vary.
Use your equity
Put the value you've built to work
A cash-out refinance or home equity line of credit (HELOC) lets you access your home's equity for renovations, home improvements, or other big goals - while keeping you in control of how much you use.
Cash-out refinance
Replace your current mortgage with a larger one and take the difference in cash.
Home equity line (HELOC)
A revolving line of credit against your equity: draw only what you need, when you need it.