#home loan interest rate
Trying to decide if you can benefit from reducing your interest rate?
Access the available equity in your home without reapplying (if you qualify)
What are the benefits of refinancing?
Opportunity to access the equity in your home
How can I decide if refinancing may be right for me?
Your home may be the largest asset you have. Before deciding to refinance, be sure to consider the following so you can make an informed decision.
Determine your estimated costs
When you refinance, you may pay:
- An origination charge . which may include fees such as application or processing.
- Discount points to lower your interest rate further. (May be tax deductible. Consult your tax advisor regarding deductibility).
- A prepayment penalty if your current loan has a penalty for early payoff.
- Other settlement charges such as appraisal, credit report, title search, and title insurance fees.
If you’re an existing Wells Fargo Home Mortgage customer, you may be eligible for a streamlined refinance with no closing costs, application, or appraisal fees.
Find out more about our streamlined refinance.