Lower Your Monthly Mortgage Payment
A drop of just one half to three quarters of a percentage point in interest can lower your monthly payment by hundreds of dollars.
Going from an adjustable rate to a fixed rate
Are mortgage rates rising or falling? If you have an adjustable rate mortgage (ARM), it may adjust to a rate that’s higher than a fixed-rate mortgage.
Get cash from your home
The equity you have in your home can act like a savings account that you could access through a home equity loan or a cash-out refinance.