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Consolidate debt with a GE Money Refinance Loan. Get pre-approved now

What is refinancing?

When you refinance your home loan, you typically lower your monthly payment. This new loan is then used to pay off your original loan, using the equity you’ve built up as collateral. You can cash out part of the loan and use the money for home improvement or debt consolidation. Learn more.

Should I refinance?

  • Consider refinancing when you can lower your rate by at least 1%.
  • Thinking about home improvements? Get quick cash during your refinance by using the equity you’ve built up in your house.
  • Know your options. Short-term loans can get you lower rates, and lower monthly payments. Some short-term loans allow you to pay off the mortgage faster. A long-term loan lets you lock in a rate and may help you lower your monthly payments.

Want to know if it makes sense for you? It’s easy. Just run the numbers on our Refinance Calculator.

Which mortgage is right for you?

Fixed-rate mortgages
A fixed-rate mortgage means the interest rate and principal payments remain the same for the life of the loan. If you’d rather not worry about interest-rate fluctuations and plan on staying in your home for years, a fixed-rate mortgage may be right for you.

Adjustable-rate mortgages
An adjustable-rate mortgage (ARM) is a loan in which the interest rate changes over the life of the loan — according to your mortgage terms. Because the initial interest rate is usually lower than with a fixed-rate mortgage, ARMs are a good option if you want lower monthly payments and maximize your buying power. If you’re a first-time home buyer, or if you don’t plan on keeping your house for more than three to five years, this mortgage may be the ticket for you. Read our disclosures for more information.


1 To qualify for the best price guarantee, a customer must provide a complete, system-generated Good Faith Estimate, listing a specific lender's name that is dated the same day as the rate quoted by us. If the Good Faith Estimate indicates an equivalent or lower interest rate and closing costs package for the same loan program that is offered by us and we have verified the accuracy of the rate and fees listed, we will have the option of beating that lender's total loan costs by $100 or paying the customer $500 ($750 for properties located in California) when the customers close with that lender and provides us with a copy of the signed Note and Final HUD-1 Settlement Statement. The best price guarantee only applies to conventional first mortgage loans with a principal amount of $417,000 or less.

Same-day loan decision, or we pay you $250 only applies to loans that are eligible for purchase by Fannie Mae. Customer must submit accurate and complete information of the nature requested.

We guarantee to meet the customer's requested closing date or we will reduce the customer's interest rate by 1/8 of 1% for the life of the loan. Approved, conventional, purchase loans only, using our preferred closing agent. Closing date to be mutually agreed upon between customer and bank, and customer must provide all required documentation. Timely request for adjustment under guarantee is required.

Equal Housing Lender GE Money Bank, Member FDIC.