What is mortgage refinancing?
There are many reasons people refinance their mortgage but the most common ones are to save money on their monthly bill or over the life of their loan.* However, some people also take advantage of refinancing to shorten the length of their mortgage or get some of their equity out of their homes to cover other expenses.
Regardless of why you’re thinking about refinancing, it’s important to weigh all your options and come up with a strategy that makes sense for your personal financial goals.*By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Why should I choose PennyMac?
We service the loans we originate — While other lender may be looking to sell your loan as soon as you sign the the dotted line, PennyMac is dedicated to being a lender you can trust long beyond your closing date. When you originate a loan with PennyMac, we’ll service your loan because we value your trust and decision to choose us.
No expensive brick-and-mortar retail offices — We believe in passing on the savings to our customers with some of the lowest, most competitive rates and fees available today. Home loans are the primary focus of our business, not upselling you and adding services you don’t need.
We’re committed to being your partner in homeownership - Being a PennyMac customer means having a partner that never stops looking for ways to save you money and help fulfill your dream of home, whatever that may be.
Resources and Tools
We’re always adding new articles and resources to our Learning Center to help provide you with unbiased, useful mortgage information on a wide range of topics.
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