Paying off your home is exciting
RefinancingÌýfor a shorter time period can help you get there faster.
Benefits of paying off your homeÌýsooner
You could save in interest over the life of your loan.ÌýAnd if mortgage interest rates are falling, you may be able to keep yourÌýmonthly payments close to where they are now.
Refinancing from 30 years to 15 years
Refinancing from a 30-year mortgage to a 15-year mortgage is one of theÌýmost common options people choose for shortening their loan term. WithÌýthis option your payments will likely increase, but you’ll own your homeÌýsooner and save a lot of money in interest.
Take the first step of preapproval
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