Choose what you want to improve
Start with payment, rate, loan term, or a goal that may call for cash from your home.
Refinance planning
Give your current mortgage a fresh look.
A refinance may help you pursue a lower payment, a different loan term, or cash for a goal. Start with what you want to improve, then compare the numbers in plain language.
A personal plan
Your home goal.
Your next step.
Your next step.
1Tell us what matters
2Compare the trade-offs
3Choose how to proceed
Refinancing, made easier to follow
Know what changes before you decide.
The conversation starts with your goal and compares the new loan with the one you have now.
Compare the full picture
Review the new payment, total costs, payoff timeline, and what happens to your current mortgage.
Start with a soft pull
April begins with a soft credit check that does not affect your score. If you decide to apply, Rate guides the next steps online.
Ways homeowners use a refinance
Start with the purpose, then compare the numbers.
Review your rate or payment
Compare the new payment and total costs with your current loan. A lower payment can come from a longer term, so compare total interest too.
Use equity for a project
Cash-out proceeds may help fund repairs, a remodel, or another planned expense. Compare this with a HELOC or other option.
Consolidate eligible debt
Replacing unsecured debt with mortgage debt changes repayment terms and puts the home at risk if payments are missed. Review the full cost first.
Is your main goal to use home equity?
See the cash-out and home-equity questions in one place, with a guide built around the goal you have in mind.
Explore home equity options →For older homeowners
Ask whether a reverse mortgage belongs in the comparison.
Some homeowners 62 and older may qualify for a federally insured HECM. Certain proprietary programs may have different age thresholds. Reverse mortgages can remove required monthly principal-and-interest payments, but taxes, insurance, maintenance, and loan obligations remain.
Read the reverse mortgage guide →Rate Alert follow-up
April can discuss Rate Alert follow-up so you can review refinance opportunities. A rate change does not automatically mean refinancing is beneficial; costs and eligibility still matter.
How Rate Alert works →