Mortgage Refinance Yes, you can refinance a HELOC — here's how Refinancing a home equity line of credit is possible, and the best time to do so is before the draw period ends. Here are your options for refinancing a HELOC. How to choose between a second mortgage vs. refinance Second mortgages and refinancing are two ways to tap your home equity, but they work differently. Here’s how to decide between a refinance or a second mortgage. How to refinance from an FHA to conventional loan Refinancing from an FHA loan to a conventional one could save you money on mortgage insurance and interest. Find out if you qualify for this type of refinance. How to use an FHA 203(k) loan to renovate a home An FHA 203(k) loan helps you buy a fixer-upper or renovate a home you already own. Learn about the two 203(k) loan types and how to qualify. Prepayment penalty on a mortgage: Costs, examples, and tips for avoiding the fee A lender might charge a prepayment penalty when you pay off some or all of your mortgage early. Find out if you're at risk of facing a prepayment penalty. Types of FHA loans: Your options and how to choose a program There are many types of FHA loans, from energy-efficient mortgages to condo-approved loans. Find the best FHA loan program for buying or refinancing your home. How long does it take to refinance a house? The amount of time it takes to refinance a house depends on your mortgage type, personal finances, and lender. Here’s how long it takes to refinance a home loan. The pros and cons of refinancing your home There are pros and cons to refinancing your home, centered on mortgage rates, term lengths, and closing costs. Learn if the benefits outweigh the disadvantages. How does an energy-efficient mortgage work? An energy-efficient mortgage lets you roll the cost of energy-saving home improvements into your mortgage when you buy or refinance. Find out how EEMs work. 6 times when it makes sense to refinance your mortgage How do you know when to refinance your mortgage? Lower interest rates are only one sign that it could be time. Learn more about when to refinance. What are today's mortgage refinance rates? Refinance mortgage rates are now 6.28% for a 30-year term. Refinancing could land you a lower rate. Find out if rates are low enough for you to refinance. Does refinancing a mortgage hurt your credit? Refinancing a mortgage hurts your credit, but the effects are usually small and go away quickly. Learn how to prepare for a refinance to affect your credit. How many times can you refinance your home? There isn’t a limit on how many times you can refinance your home, but there may be a mandatory waiting period. Learn if it's a good idea to refinance again. Cash-out refinance or home equity loan: Which should you choose? A cash-out refinance and home equity loan are two ways to borrow against your house’s equity, but they work very differently. Learn which one is right for you. 9 options to refinance a mortgage with bad credit To refinance a mortgage with bad credit, look into streamline refinancing, adding a co-signer, or another option. Learn which refi strategy makes sense for you. Want to refinance your FHA loan? Here are 4 options. You can refinance an FHA loan to get a lower monthly payment, receive cash, or make home improvements. Learn which type of FHA refinance loan is best. Want to refinance your mortgage? Here are 7 home refinance options. There are several types of home refinance options, including cash-out, no-closing-cost, and more. Learn which type of refinance is best for your financial goals. What is a short refinance, and how does it work? A short refinance replaces your existing mortgage with a new one for less than you owe, helping you avoid foreclosure. Learn more about short refinancing. 7 ways to pay off your mortgage faster You can pay off a mortgage quickly by making extra payments, recasting the home loan, or refinancing. Learn how to pay off your mortgage faster. What is a cash-in refinance, and how does it work? With a cash-in refinance, you make a large lump-sum payment, so your new mortgage has a lower principal. Learn whether a cash-in refinance is a good fit for you. Is now a good time to refinance your mortgage? Mortgage rates are starting to decrease, so is now a good time to refinance your mortgage? Learn what factors to consider when deciding if you should refinance. A guide to USDA streamlined refinance loans USDA streamlined refinance loans don’t require an appraisal, inspection, or any home equity. Find out which type of USDA streamlined refinance is best for you. How a VA streamline refinance (VA IRRRL) works A VA IRRRL, or a VA streamline refinance, doesn’t require an appraisal or credit check. Learn whether a VA IRRRL is the best choice for you. FHA Streamline Refinance: How does it work, and who is eligible? The FHA Streamline Refinance program lets you refinance from one FHA loan into another without an appraisal or credit check. Find out if you qualify. FHA cash-out refinance: Requirements and guidelines An FHA cash-out refinance lets you refinance into a new FHA loan and tap into your home equity to receive cash. Learn if you qualify for an FHA cash-out refi. How soon can you refinance a mortgage after buying a home? When you can refinance a mortgage depends on your loan type. You may have to wait up to 12 months. Learn how soon you can refinance your mortgage. How a no-closing-cost refinance works — and how to get one A no-closing-cost refinance helps you avoid the up-front cost of refinancing your mortgage, but it isn’t entirely free. Learn how a no-closing-cost refi works. How a VA cash-out refinance works A VA cash-out refinance replaces your old mortgage with a new VA loan and lets you tap into your home equity. Learn how a VA cash-out refi works. Rate-and-term refinance: What it is and how it works A rate-and-term refinance replaces your original mortgage with a new one with a different mortgage rate and term length. Find out if it’s a good fit. What to do if you have an underwater mortgage An underwater mortgage can make refinancing or selling your home difficult. Learn what to do if you have one. Is it time to refinance your mortgage? 5 ways to prepare. With mortgage rates fluctuating, here's how to prepare to refinance so you're ready to act when the time is right. What is a cash-out refinance? Cash-out refinancing is an opportunity for homeowners to take out equity in their home for improvements, debt consolidation, or other needs with a new loan. Mortgage refinance: How to get started A mortgage refinance involves replacing your original mortgage loan with a new one. Find out how to refinance a mortgage and whether it's a good idea for you.