Secure a lower rate to reduce your monthly payments and overall interest costs.

Extend your loan term or lower your rate to make monthly payments more affordable.

Switch from a 30-year to a 15-year loan to pay off your mortgage faster and save on interest.

Access cash from your home’s equity for home improvements, debt consolidation, or other expenses.

Move from an adjustable-rate mortgage (ARM) to a fixed-rate loan for more stability.

If your home has gained enough equity, refinancing can help you eliminate PMI and lower costs.

Use a cash-out refinance to pay off high-interest debts like credit cards or personal loans.

Refinancing can provide more predictable payments or better loan terms suited to your financial goals.