Refinancing to a shorter term can take years off your mortgage and lower the amount of interest you'll pay over the life of your loan.
Increase your cash flow when you refinance for a longer timeframe. Or, if you’re planning to sell in a few years, an adjustable-rate mortgage may be the way to go.
If you're looking to take on a large home improvement project or want to consolidate your higher-interest debt, a cash-out refinance can help.