Refinancing involves updating the terms of your existing mortgage loan. As interest rates and market conditions fluctuate, it's beneficial to review your mortgage periodically to ensure you're getting the best terms. While many borrowers refinance to secure lower interest rates, there are other reasons you might consider this option:
- Switch from an Adjustable Rate Mortgage (ARM) to a Fixed Rate Mortgage: Enjoy predictable monthly payments with a fixed rate.
- Access Cash for Major Expenses: Use refinancing to fund home improvements, consolidate debt, pay for college, or make large purchases.
- Shorten Your Loan Term: Pay off your mortgage faster and save on interest.
Why Choose Capitol Federal® for Your Refinance?
The Capitol Federal Lending Team is dedicated to helping you determine if refinancing is right for you. Our experienced loan professionals offer:
- Competitive Rates: Benefit from our attractive interest rates and rate lock options.
- Expert Guidance: Leverage over 130 years of trusted lending experience.
- Easy Online Application: Apply online by creating an account and completing the application process.
Apply Online You will need to create an account first and then complete the application.
Loan information is subject to change. Certain restrictions apply.
Refinance with Improvements
If you're planning a significant home renovation, consider our Refinance + Improvement loan. This option allows you to refinance your current mortgage and fund home improvements with a single loan. It’s ideal for those with limited home equity.
Refinance + Improvement Loan Highlights:
- Single Loan: Combine your refinance and home improvements into one loan.
- Enhanced Loan Amount: The loan amount is based on your home’s value after improvements, making it a great choice for those with less equity.
- Lower Payments: Enjoy lower monthly payments compared to separate home improvement loans.
Ready to Start Your Renovation?
If you have questions or want to discuss your home improvement financing options, contact one of our local loan professionals today.
Apply Online You will need to create an account first and then complete the application.
Loan information is subject to change. Certain restrictions apply.
Should You Refinance Your Mortgage?
Find out if refinancing can save you money with our free refinance calculator. Depending on your current interest rate, refinancing could reduce your rate and monthly payments. Use our calculator to evaluate your current mortgage and potential savings.