• REFINANCE
    YOUR HOME

    Take Advantage of Today's Low Rates

    The calculator below is for educational purposes only. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

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  • When is the best time to refinance?

    There's no universal "best time" to refinance your home. It depends on a number of individual factors. There's no rule regarding how often you can refinance, but some loans do have prepayment penalties if you refinance within three to five years. Your PenFed associate can help you figure out if now is the right time for you. In the meantime, ask yourself these questions:

    • Are the rates offered lower than your current rate?
    • Have you built up enough equity in your home?
    • Do you have a specific goal in mind for refinancing (lowering your monthly payment, paying off your loan more quickly, etc.)?

    If you're able to answer "yes" to these questions, refinancing could be a great way to reach more of your financial and personal goals. Take the next step and see PenFed's great low rates, or Get Started on your new loan today!