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    🔄 REFINANCE

    Lower Your Rate. Tap Your Equity. Breathe Easier.

    Reduce your payment, shorten your term, or access cash from your equity. Whether you have a conventional, VA, or FHA loan, we have a refinance option for you.

    Fast Closings • Competitive Rates • 6 Refinance Options

    Last reviewed: January 2026·Reviewed by CMS Mortgage Editorial Team
    Lower Your Rate
    Access Equity
    Shorten Your Term
    Streamline Options
    Quick Savings Estimate

    See How Much You Could Save

    Your Current Mortgage

    $
    %
    %

    Your Potential Savings

    New Payment
    $2,265/mo
    Monthly Savings
    $230/mo
    Break-Even
    31 months

    Lifetime Savings

    $70,441

    ✓ Refinancing makes sense for you!

    Get Detailed Analysis →
    6 Loan Options

    Find Your Perfect Refinance Options Loan

    Compare products and find the perfect fit for your needs

    ⭐ MOST COMMON

    Rate Reduction Refinance

    "Lower your rate. Lower your payment."

    • Reduce interest rate
    • Lower monthly payment
    • Shorten term option
    • Low/no cost options available
    Low/No Cost
    Down
    620+
    Credit
    97% LTV
    Max Loan

    Best for: Homeowners with higher rates

    Learn More

    Cash-Out Refinance

    "Tap your equity for what matters."

    • Access equity as cash
    • Consolidate high-interest debt
    • Fund renovations or major expenses
    • Use for any purpose
    Equity Req'd
    Down
    620+
    Credit
    80% LTV
    Max Loan

    Best for: Debt consolidation, renovations

    Learn More

    HELOC

    "A credit line backed by your home."

    • Draw as needed
    • Pay interest only on what you use
    • Reusable credit line
    • 10-year draw period typical
    Equity Req'd
    Down
    680+
    Credit
    85% CLTV
    Max Loan

    Best for: Flexible ongoing access to equity

    Learn More
    ⚡ FAST

    Streamline Refinance

    "Fast refinance for VA and FHA."

    • Minimal documentation
    • Often no appraisal required
    • VA IRRRL or FHA options
    • Reduce monthly payment
    $0 Out of Pocket
    Down
    Minimal
    Credit
    Current Balance
    Max Loan

    Best for: Current VA/FHA borrowers

    Learn More
    🎖️ VA EXCLUSIVE

    VA IRRRL

    "The fastest VA rate reduction."

    • No appraisal required
    • No income verification
    • No credit underwriting*
    • 0.5% funding fee only
    $0
    Down
    None
    Credit
    Current Balance
    Max Loan

    Best for: Veterans lowering their rate

    Learn More
    🏠 FHA EXCLUSIVE

    FHA Streamline

    "The simplest FHA rate reduction."

    • Often no appraisal
    • Minimal documentation
    • Must show net tangible benefit
    • MIP refund if within 3 years
    $0
    Down
    580+
    Credit
    Current Balance
    Max Loan

    Best for: FHA borrowers lowering their rate

    Learn More

    When Should You Refinance?

    Refinancing isn't right for everyone. Here's how to know if it makes sense for you.

    Good Time to Refinance

    • Your current rate is 0.75%+ higher than today's market rates
    • You plan to stay in the home 2+ more years
    • You want to eliminate PMI (at 20%+ equity)
    • You need to consolidate high-interest debt
    • You want to switch from ARM to fixed rate
    • You need cash for major expenses or renovations

    Maybe Wait If...

    • You're moving within 1-2 years (won't recoup costs)
    • Your current rate is already competitive
    • You recently refinanced (within 1-2 years)
    • You're extending your term significantly
    • Closing costs exceed your break-even timeline
    Quick Comparison

    Compare at a Glance

    ProductPurposeAppraisalMax LTVBest For
    Rate & Term
    Lower rate/payment
    Required
    97%
    Conventional borrowers
    Cash-Out
    Access equity
    Required
    80%
    Major expenses
    HELOC
    Flexible credit line
    Required
    85% CLTV
    Ongoing needs
    VA IRRRL
    Streamline VA refi
    Not required
    100%+
    VA borrowers
    FHA Streamline
    Simplify FHA refi
    Usually waived
    97.75%
    FHA borrowers
    Streamline
    Quick rate reduction
    Often waived
    Varies
    VA/FHA borrowers

    Rate & Term

    Purpose
    Lower rate/payment
    Appraisal
    Required
    Max LTV
    97%
    Best For
    Conventional borrowers

    Cash-Out

    Purpose
    Access equity
    Appraisal
    Required
    Max LTV
    80%
    Best For
    Major expenses

    HELOC

    Purpose
    Flexible credit line
    Appraisal
    Required
    Max LTV
    85% CLTV
    Best For
    Ongoing needs

    VA IRRRL

    Purpose
    Streamline VA refi
    Appraisal
    Not required
    Max LTV
    100%+
    Best For
    VA borrowers

    FHA Streamline

    Purpose
    Simplify FHA refi
    Appraisal
    Usually waived
    Max LTV
    97.75%
    Best For
    FHA borrowers

    Streamline

    Purpose
    Quick rate reduction
    Appraisal
    Often waived
    Max LTV
    Varies
    Best For
    VA/FHA borrowers
    STREAMLINE SPOTLIGHT

    Have a VA or FHA Loan?

    You may qualify for streamlined refinancing with minimal hassle.

    VA IRRRL and FHA Streamline programs offer the fastest path to a lower rate. No appraisal, minimal documentation, and often no out-of-pocket costs. If you have an existing government loan, these programs can save you thousands with minimal paperwork.

    See Streamline Options
    $0
    Down Payment
    $0
    PMI Ever
    21-Day
    Avg Close Time
    Top 50
    National Brokerage
    FAQ

    Frequently Asked Questions

    Complete Mortgage Comparison GuideRead how Refinance Options stacks up against other loan types
    Compare Programs Side-by-SidePick up to 3 programs and compare requirements line by line

    Time to Refinance?

    See how much you could save with our free refinance analysis

    Calculate My Savings
    Or call: (757) 558-2603
    CMS MortgageCMS Mortgage

    Finally, a mortgage experience designed for humans. Not paperwork. A Top 50 national brokerage helping families get their keys since 2005.

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