Refinancing your home can help you secure better loan terms that fit your current financial goals. Whether you're looking to lower your monthly payment, adjust your loan length, or move to a more predictable rate, refinancing can give you added flexibility and peace of mind.
Home Refinancing
Refinance for mortgage terms that work better for you.
A home refinance allows you to replace your existing mortgage with a new one designed around today's rates and your evolving needs. By refinancing, you may be able to lower your monthly payment, shorten or extend your loan term, or switch from an adjustable rate to a fixed rate for greater stability. With clear rate options and easy-to-use calculators, you can explore how different scenarios impact your payment and long-term costs, so you can make confident decisions about your home financing.
Refinance
Refinance
- Replace your existing mortgage with a new one that may offer better terms
- Lower your monthly payment to better align with your financial goals
- Secure a fixed or adjustable rate that fits your budget and long-term plans
Cash-Out Refinance
Cash-Out Refinance
- Turn equity into cash to fund renovations, consolidate debt, or cover major expenses
- Enjoy one fixed monthly payment with competitive rates and a streamlined application process
- Access cash at closing without adding a separate loan or monthly payment
Choice Home Equity Line
Choice Home Equity Line
- Best suited for ongoing, everyday borrowing needs, such as debt consolidation, car purchase, or home projects
- Enjoy a quick closing and no closing costs
- Take advantage of flexible payment options that suit your budget
Refinance for mortgage terms that work better for you.
A home refinance allows you to replace your existing mortgage with a new one designed around today's rates and your evolving needs. By refinancing, you may be able to lower your monthly payment, shorten or extend your loan term, or switch from an adjustable rate to a fixed rate for greater stability. With clear rate options and easy-to-use calculators, you can explore how different scenarios impact your payment and long-term costs, so you can make confident decisions about your home financing.
Explore Today's Refinance Rates
| 7/1 adjustable rate mortgage (ARM) | 6.06% APR |
| 15-year biweekly mortgage | 5.50% APR |
Have Questions? Amboy Can Help!
Amboy Bank’s ½ Pay Mortgage® allows you to pay your mortgage biweekly, which shaves off years of payments, allowing you to build equity faster and save thousands in interest. With a conventional mortgage, you make one payment every month. But with our 1/2 Pay Mortgage®, you make one half of that payment every two weeks. That’s the equivalent of one extra payment every year, and the savings add up!
Use our calculator below to estimate how much you can save over the life of your loan. Then explore our 1/2 Pay Mortgage® mortgage options or get the process started right away!
The decision to refinance a home mortgage can involve many factors. You might want to take cash out of your home at when you refinance to use for other purposes. Or, you might want to obtain a lower interest rate and/or lower your payments. Or, maybe you can afford a higher payment and want to decrease your term so that you save money in the long run.
Use our calculator below to see if now is the right time to refinance your mortgage. Then explore our mortgage options or get the process started right away!
Your ability to qualify for a mortgage depends on the cost of the home you want to purchase, and your household’s perceived ability to make timely mortgage payments. Amboy looks at a variety of factors when reviewing a loan request, and we don’t only judge you based on your credit score.
It’s a good idea to prequalify yourself for a mortgage, so you have an idea of the type of home you can look for. You can prequalify online or over the phone by calling 800-942-6269. We’ll also answer any other questions you have about the home buying process!
Terms and Disclosures:
Available for 1-4 family, owner occupied homes with a loan amount min. of $50,000 and a max. of $800,000. First lien positions only. Approved applicants responsible at closing for funding interim interest and escrow account for property taxes and insurance. Subject to credit approval and home appraisal. Additional terms and conditions may apply. Rates valid as of 12/26/2025. Offer may be withdrawn at any time.