Refinance terms and rates

Please turn on JavaScript in your browser

It appears your web browser is not using JavaScript. Without it, some pages won't work properly. Please adjust the settings in your browser to make sure JavaScript is turned on.

How mortgages work

Choosing a loan is an important step in the refinancing process. Here are a few things to consider.

Types of interest rates

Fixed-rate mortgage

A fixed-rate mortgage offers a consistent interest rate for as long as you have the loan, instead of a rate that adjusts or floats with the market. A consistent interest rate usually means you'll have a consistent mortgage payment, too.

Things to consider:
While fixed-rate loans offer a steady mortgage payment, they typically have a higher interest rate. As you weigh your options, you may want to ask yourself, "Is this my forever home, or just a place where I'll live for a few years?" That may help you determine if a fixed-rate loan is right for you.

Adjustable-rate mortgage (ARM)

An ARM has an interest rate that stays the same for a set period of time, then changes to a variable rate that adjusts periodically. For example, a 7/6 ARM has an introductory interest rate for the first seven years and then resets every 6 months after that for the loan term.

Things to consider:
While you'll likely pay a lower interest rate during the introductory period, your payment could increase quite a bit once this period ends — possibly hundreds of dollars a month. Rate caps limit the amount your interest rate can rise, but make sure you know what your maximum payment could be.

Take the first step and get prequalified.

Ready to apply?

Start online

Come in

Find a Home Lending Advisor

Current rates for refinance

Our competitive mortgage rates are backed by an experienced staff of mortgage professionals. Our interest rates are updated daily, Monday through Friday, to give you the most current refinance rates when choosing a home loan. Use our mortgage rates page to get a customized estimate.

N/A

Learn about your mortgage options

Continue

You're now leaving Chase

Chase's website and/or mobile terms, privacy and security policies don't apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. Chase isn’t responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the Chase name.

Refinance terms and rates

Chase Home Lending

Buying a House

Refinance

Home Equity Line of Credit (HELOC)

Home Lending Customer Service

About Chase

You're now leaving Chase