Skip to main content
Close

Before you go

You are about to leave flagstar.com. Flagstar is not responsible for the content on other sites.

Mortgage Refinance

A refinance could help you lower your monthly payments, reduce your interest rate, or access cash to pay for what you need. 

We’re here to help every step of the way.

Icon of a computer monitor and smart phone

Ready to apply online?

Start your loan application here. Don't worry—if you get stuck, we're just a phone call away.  

Icon of a person and a word balloon

Speak with a loan advisor.

We'll help you find the right loan, start your application, and answer your questions.

Icon of a person standing next to a map location symbol

Find a loan advisor.

Connect with a local expert and meet remotely or at a nearby branch. We'll guide you through the entire home loan process.

Here’s what refinancing could do for you

There are many reasons to refinance. Maybe interest rates are lower, or your credit score is higher. Maybe you want to switch from an adjustable to a fixed rate or vice versa. Whatever your motivation, we can help you decide if refinancing your mortgage is the right move for you.

Free up cash.

Tap into your home's equity to access funds for home improvements, debt consolidation, or other major expenses.

Lower your monthly payment.

A lower monthly payment could add breathing room to a tight budget or make funds available to invest in retirement or education.

Shorten your loan term.

A refinance could help you pay off your mortgage faster so you spend less on interest.

Do the math (the easy way)

Should you refinance your mortgage? Use our loan calculators to run different scenarios to see how refinancing could affect your wallet.

Icon of a calculator

Home Loan Refinance Calculator

Let's crunch some numbers to see if now is a good time to refinance.

A checkmark inside a circle with calculator symbols in front of it, including the plus, minus, multiplication, and equal signs

Mortgage Payoff Calculator

Want to pay off your loan early? Find out how much to add to your payment to meet your target date.

An icon of a calculator

Debt-to-Income Calculator

Lenders use this ratio to see if you can afford a mortgage payment. Calculate your DTI here.

Ready to refinance? Apply today.

Choose the most convenient way to get started. Whether you're wondering if it's a good time to refinance your mortgage or you're ready to roll, we're here to help at every step.

Icon of a computer monitor and smart phone

Ready to apply online?

Start your loan application here. Don't worry—if you get stuck, we're just a phone call away.

Icon of a person with a speech bubble in front of them

Speak with a loan advisor.

We'll help you find the right loan, start your application, and answer your questions.

Icon of a person standing next to a map location symbol

Find a loan advisor.

Connect with a local expert and meet remotely or at a nearby branch. We'll guide you through the entire home loan process.

Access cash with a home equity line of credit.

If you have a great mortgage now, you don't have to give it up to access the cash you need. With a home equity line of credit (HELOC), you can keep your current mortgage and access funds for education, a new kitchen, or another large expense. 

7th Largest Bank Mortgage Originator

Inside Mortgage Finance, Q3 2023

Why choose Flagstar?

We're an award-winning lender with more than 35 years of experience connecting customers to the right mortgage solution for their needs. With hundreds of conventional, jumbo, and government-backed options available, we'll find the right home loan for you, too. Whether you are buying a new home or ready to refinance, you can trust our simple application and streamlined process to get you to closing on time.

You may also be interested in:

A young couple shakes hands with a person across a desk
The mortgage process

You've already found the right lender. Now it's time to learn the steps from getting prequalified to closing on your new home.

A person listens as another person explains something
Mortgage FAQs

What is escrow? How much do you need for a down payment? Find the answers to all your mortgage questions here. 

A smiling couple eating breakfast as one looks at a laptop and the other looks at their phone
Mortgage rates

Get the latest rates for conventional and government-backed mortgages.

Flagstar Home Equity Line of Credit (HELOC) is a variable rate, revolving line of credit secured by primary residence and second home. Offer not valid in Texas, Puerto Rico, or the U.S. Virgin Islands. The Annual Percentage Rate, fees and charges vary by product and property state.

Programs for qualified borrowers. All borrowers are subject to credit approval, underwriting approval, and product requirements, including loan to value, credit score limits, and other lender terms and conditions. Fees and charges may vary by state and are subject to change without notice. Some restrictions may apply. Not a commitment to lend. A loan advisor will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.

Consolidating or refinancing debt may increase the time and/or the finance charges/total loan amount required to repay debt.

Consult your tax advisor regarding the deductibility of interest

Flagstar Bank NMLS# 417490