Lower Your Mortgage Payment

Reduce Your Monthly Payments by Refinancing Your Home Loan

You may be able to lower your monthly mortgage payments significantly by refinancing your current mortgage to a lower interest rate with Bank of Internet USA. One of our experienced mortgage specialists can walk you through your mortgage options and help you find the refinancing solution that will allow you to save the most money and best serve your financial goals as a homeowner.

Starting the Mortgage Refinancing Process Is Simple

  1. Get a customized mortgage rate quote from Bank of Internet USA by filling out the Get an Instant Rate Quote form on this page.
  2. Apply for a mortgage online
  3. Get prequalified instantly

Call 1.888.546.2634 to speak to a knowledgeable Mortgage Consultant who will create a home loan tailored to your precise needs.

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Benefits of Refinancing Your Existing Mortgage

Refinancing an existing mortgage to a lower interest rate is one of the most common ways for a homeowner to reduce his or her monthly mortgage payment. In this scenario, the homeowner benefits from both a lower monthly mortgage payment and a lower interest rate over the life of the loan.

In addition to lowering your interest rate, there are other ways in which a refinance can lower your monthly mortgage payment. These include:

  • Eliminating the requirement for private mortgage insurance: If you are currently required to carry private mortgage insurance, then this costly requirement will be lifted once your mortgage balance is 80 percent or less of your home's total value. Refinancing your mortgage can help you to reach this goal more quickly.
  • Changing the term of the loan: For example, you may be able to switch from a 15-year to a 30-year loan, or from a principal and interest payment to an .
  • Consolidating two loans into one: This can potentially save you $100 or more per month.

Your dedicated Mortgage Specialist can help you to determine the right refinance solution for you. We encourage you to learn more about your

Why Refinance Your Mortgage with Bank of Internet USA?

  • Our allows us to save money, and we pass those savings on to you in the form of some of the in the nation.
  • Award-winning customer service and a fast, streamlined financing process means you will be able to close quickly and without headaches.
  • Expert are always on hand to help you find the best way to lower your mortgage payments and take control of your finances.

Our Most Popular Refinancing Options

  • : Get the lowest rate available with a 5-, 7-, or 10-year adjustable rate mortgage (ARM) and you may end up paying thousands of dollars less compared to a traditional fixed rate mortgage during the initial years of your loan.
  • : Refinancing to a fixed rate mortgage can help you save money by shielding you from rising interest rates and allowing you to lock into a great rate that you can depend on.
  • : You can refinance and stop skyrocketing mortgage payments if you qualify for the stability of a fixed rate, government-backed FHA loan.
  • : Enjoy the locked, low rate and affordable monthly payment of a VA loan if you’re a qualified veteran, military member, or spouse.