Homeowners refinance their mortgage to take advantage of lower interest rates, to secure a different kind of mortage or to withdraw accumulated equity. Equity in your home can be a powerful asset to use in financing other purchases. The equity in your home may enable you to pay for college tuition, remodel the kitchen or buy a new car. It may also come in handy for dealing with unexpected emergencies.

Refinancing is available on one to four family, owner and investment properties, second homes and condominiums.