Refinance & equity
Refinance when the math works, not when the ad says so.
Lower your rate, move from an ARM to a fixed, shorten to 15 years, or get rid of mortgage insurance. We'll run the break-even with you and tell you if it doesn't make sense.
- Typical close
- 30 days or less
- Appraisal
- Sometimes waived
- Costs
- Can be rolled in
Best for
- Rates at least 0.50% below your current rate
- Moving from an ARM to a fixed
- Paying off faster with a 15- or 20-year term
When it makes sense
Divide your closing costs by your monthly savings. If you'll be in the home longer than that number of months, refinancing pays for itself. Our refinance calculator does this in seconds.
Streamline options
FHA and VA borrowers may qualify for streamline refinances with reduced documentation and no appraisal.
Questions people ask
- Do I need an appraisal?
- Not always. Many conventional refinances receive an appraisal waiver, and FHA/VA streamlines don't require one.
Often compared with
Next step
Ready to talk to a lender who can actually decide?
Start the application online, or call and ask for the mortgage department. Either way, a real human in Crystal Lake or Appleton takes it from there.