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

Medium Brush Stroke

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.

Medium Brush Stroke

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


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.