refinance / 30 Year

Lower your payments with a 30-year refinance

Give your budget a break and save money on your monthly payments by replacing your current mortgage with a 30-year loan that can have better terms. Terms may apply. For more details regarding the terms of repayment and APR, get started below.

Need to secure a lower interest rate or tap your equity for a home improvement project? A 30-year loan can help you with your financial goals. Terms may apply. For more details regarding the terms of repayment and APR, get started below.

Homeowners choose to refinance for a variety of reasons: to navigate financial crisis, secure lower interest rates or change the length of their loans. Refinancing can be used as a tool to save you money and potentially lower your mortgage payments. Apply and see how 30-year refinance rates can benefit you. 

What is a 30-Year Refinance? 

A 30-year refinance is the act of replacing an existing mortgage loan with a new loan likely with more favorable terms. To do this, a borrower takes out a new mortgage loan to pay off their existing mortgage. With new 30-year mortgage refinance rates, a borrower potentially can secure a lower monthly payment and can save money. 

Pros and Cons of 30-Year Refinance Rates and Terms 

There are many reasons a homeowner may choose to or not to refinance: 


  • Lower, more affordable monthly payments
  • Greater flexibility 
  • Put money toward savings 
  • Qualify for higher loan amounts 
  • Option to pay extra each month 
  • Predictable monthly mortgage payment 


  • Pay more in interest over the life of the loan 
  • Slower to build home equity 
  • Payments for a longer period of time 

Reasons to Choose a 30-Year Refinance 

A 30-year refinance is a good thing to consider if your current interest rate is higher than the current 30-year refinance rates available. Refinancing to secure a lower interest rate or refinancing a current adjustable-rate mortgage to a fixed-rate mortgage could potentially save you money.