Top 10 mortgage refinance options

Whether you’re looking to lower your interest rate, shorten your loan term, ditch mortgage insurance or tap equity, you have several home refinance options to help you meet your financial goals.

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In a cash-out refinance, you get a new mortgage for more than what you currently owe on the house, and the extra cash goes straight to you.

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Streamlined refinancing

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Rate-and-term refinance

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The term “no-closing-cost” doesn’t mean you don’t pay costs — instead, the lender raises your rate and pays them on your behalf.

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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Top 10 mortgage refinance options

Whether you’re looking to lower your interest rate, shorten your loan term, ditch mortgage insurance or tap equity, you have several home refinance options to help you meet your financial goals.

In a cash-out refinance, you get a new mortgage for more than what you currently owe on the house, and the extra cash goes straight to you.

Cash-out refinance

Streamlined refinancing

When it comes to refinancing, the term “streamlined” means less paperwork and a simpler process than a standard refinance.

Rate-and-term refinance

The process is usually the same as when you bought your home and includes income, credit and home value verification for approval.

The term “no-closing-cost” doesn’t mean you don’t pay costs — instead, the lender raises your rate and pays them on your behalf.

No-closing-cost refinance

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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