See what's possible
When you refinance, you pay off your existing mortgage with funds from a new mortgage on terms that work for you.
What you can do with a mortgage refinance:
- Consolidate higher interest debt
- Lower your monthly payment
- Take cash out to remodel
- Shorten your term and pay off your mortgage faster
- Refinance your FHA loan into a conventional loan
Today’s Purchase Rates
Select a rate or APR to view important loan information.
* All purchases are assuming autopay, CA-South Region, FICO 740, 80% LTV
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$0 is the amount we finance towards Arctic drilling, tar sands mining and big tobacco.
Get answers to your questions about the home loan refinance process
Do I need to be a current Bank of the West customer to apply?
No, we encourage customers and non-customers to apply.
How long does it take to refinance?
It depends. Generally, it can take approximately 45 days for your loan to fund. However, please note that factors such as the type of loan product, property condition, appraisal turn time, market demand, and ability to obtain required documentation may impact these timeframes. Contact a home finance specialist for current turn times.
Why are the rates that you offer different from other lenders?
Many factors are considered when a mortgage interest rate is established. Rates vary based on FICO® score, loan term, loan amount, down payment, property type, and location. Speak with one of our home finance specialists to find out the best rate we can offer you.
When is a home appraisal ordered?
Once you have completed your application for a refinance, the lender will order an appraisal to ensure that the property’s value is sufficient for the loan amount requested. A licensed appraiser will visit the property to conduct the appraisal inspection. Generally, the appraisal report is completed and received between two days to two weeks, depending on the type of appraisal, the location of the property, and market demand.
How do appraisers evaluate a home?
Appraisers complete a visual inspection of the interior and exterior of the property and note any conditions that might adversely affect the property’s value, such as needed repairs. Further, they compare the home to other similar homes in the area and their recent sales prices.
What are some of the common mortgage fees and costs I might incur after closing?
How do I request a mortgage loan payoff amount?
Our customer service team can provide a loan payoff amount. Simply call 888-915-2327 (TTY: 800-659-5495) and select “mortgage payoff” to speak with one of our team members.
What’s the difference between fixed- and adjustable-rate mortgages?
- Interest rate will never change
- Predictable monthly principal and interest payments
- Protects you from interest rate increases over time
- Most popular because of its stability
Adjustable-Rate Mortgage (ARM)
- Initial interest rate may be lower than a comparable fixed-rate loan
- An ARM has an interest rate that is fixed for a set period, usually 5, 7 or 10 years
- After the fixed-rate period, the interest rate adjusts based on an index (such as SOFR) and monthly payments fluctuate with the market
- May be best if you plan to pay more on your loan early on or live in your home for a short time
My application was denied. Now what?
Please refer to your loan denial notice for the specific reason your application was denied. If you were denied due to credit score, this article has helpful tips on how to improve your score: Good Credit Planning. Your Home Loan Specialist will assist with information that may be helpful when you’re ready to reapply.
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