Refinance a Home
Options for Refinancing
Whether you are refinancing your primary home, a second/vacation home or an investment/rental property, First Horizon Bank can offer solutions to help you with your refinancing needs.
Reasons to Refinance
- To lower your interest rate and/or monthly payment.
- To shorten the number of remaining payments on your existing loan.
- To consolidate other outstanding existing debts, such as home equity lines of credit, auto loans, personal loans, etc.
- To take advantage of the equity in your home for the purpose of home improvements, college tuition, etc.
What to Expect
- Mortgage options with flexible terms and payment features.
- A strong, lasting commitment to customer service.
- Dedicated, knowledgeable Mortgage Loan Originators.
- An easy-to-understand loan process.
Refinancing a Home FAQs
What is mortgage refinancing?
How do I know if refinancing is right for me?
Refinancing may be beneficial if current interest rates are lower than your existing rate, if you want to switch from an adjustable-rate mortgage to a fixed-rate mortgage, or if you need to tap into your home’s equity. Our mortgage specialists can help you evaluate your situation.
What are the costs associated with refinancing?
Refinancing costs can include application fees, appraisal fees, closing costs, and other related expenses. These typically range from 2% to 5% of the loan amount. First Horizon provides a detailed cost estimate during the refinancing process.
How long does the refinancing process take?
The refinancing process usually takes between 30 to 45 days from application to closing. This timeline can vary based on factors such as the complexity of your application and current market conditions.
