When you refinance your home, you're replacing your existing mortgage with a new one that, ideally, has a lower interest rate, better terms, or both. While this can lower your mortgage payment ...

Refinancing your mortgage can be a great way to get a better rate or terms, pay off your loan faster or even let you convert your home equity into cash. You can also refinance to swap an ...

A 15-year mortgage refinance is a new home loan that replaces your existing mortgage and is paid off in a 15-year span. Keep in mind that if you currently have a 20- or 30-year term and choose to ...

When you refinance your mortgage, you take out another home loan that pays off your initial mortgage. With a traditional refinance, your new home loan will have a different term and/or interest rate.