Lower Your Payments

Why Refi?

If your current loan is at a rate above currently available rates, a refinance has the potential to help you maximize your monthly income and save money over the life of the loan (you’ll pay less total interest). Check out our Refinance Calculator to see how a lower rate could lower your monthly mortgage payment.

Will it work for me?

When you’re looking to refinance your current loan, it’s important to understand how much you’ll actually save, and whether that savings will cover the cost of refinancing. Talk with one of our home loan experts to discuss how a refinance would affect your specific financial situation.

Refinance Calculator

What would my refinance payments be?

Our refinance calculators help you understand the numbers.
Refinance Calculator

Explore Your Loan Options

15-Year Fixed

15-Year Fixed

Fixed-rate mortgages have the same interest rate for its entire term, in this case, 15 years.

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30-Year Fixed

30-Year Fixed

Fixed-rate mortgages have the same interest rate for its entire term, in this case, 30 years.

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Adjustable Rate Mortgage

Adjustable Rate Mortgage

ARMs have an interest rate that will change or “adjust” from time to time.

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FHA Loans

FHA Loans

Managed by HUD, FHA loans are available to all types of borrowers, not just first-time buyers.

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USDA Loans

USDA Loans

Rural residents who can’t qualify for conventional financing may be eligible for USDA loans.

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VA Loans

VA Loans

Military service members and their families can use a loan program offered by the VA.

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There are several factors to consider when deciding whether or not to refinance your mortgage.

Herring Bank is here to help you make the right decision.

Did you know that some refinance loans allow you to roll closing costs into the refinance amount? Ask us how!

Would you like more information about refinancing your current mortgage? Request a call and we’ll be in touch!

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