Home Loan Refinancing

Let's look at reducing your term, rate, payment or cashing out when you refinance


There's a lot you can achieve when you refinance with City Bank Mortgage. Now is the time to see about locking in a potentially lower rate, a shorter term or getting cash out to help with other expenses.

Now is the time to refi. Start your application today!

Apply Now
 
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About Home Loan Refinancing

Refinancing can have big benefits

Lower your monthly payment

Most people who refinance do so to lower their monthly payment. If you have equity in your home, you might be able to refinance using the amount left to pay on your current mortgage. You can also lower your monthly payment by refinancing for a longer time frame, such as a 30-year fixed-rate loan.

Pay off your loan sooner

Shortening the term of the loan, such as a 15-year fixed-rate loan, is another reason to refinance. This will allow you, in most cases, to pay your home off sooner and lower the amount of interest you pay over the life of the loan.

Get cash out

Refinancing for an amount greater than you currently owe on your existing loan, allows for the opportunity to take that extra cash out of the new loan. The extra cash can be used for things such as home remodeling or college tuition. 


How does refinancing work?

Refinancing a mortgage loan is almost the same as getting the initial loan for your home. You’ll need to fill out an application and gather the requested financial documents (Link to list of docs). A City Bank Mortgage lender will help determine the right refinancing solution to fit your goals and financial needs.

Start your application for refinancing today!

Our best-in-class online borrowing experience makes it easy to apply for your refi in just a few simple steps.

Apply Now

Not ready to fill out an application or have questions? Give us a call today.

1 (800) 687-2265