Lower your rate. Lower your payment.
If your mortgage rate is higher than today’s options, a simple rate-and-term refinance could put real money back in your pocket every month.
Lower monthly payment
A lower rate can shrink your payment and free up cash flow every single month.
Save on total interest
Pay less interest over the life of your loan — potentially tens of thousands.
Fast, simple process
Rate-and-term refinances are typically the most straightforward loans to close.
“Refinanced and cut our payment by over $400 a month. They showed me the break-even up front — totally honest.”
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What is a rate-and-term refinance?
A rate-and-term refinance replaces your existing mortgage with a new one at a better rate or term — lowering your monthly payment or helping you pay off your home faster — without taking cash out. Pacific Lending reviews your current loan and shows whether refinancing would save you money.
Built for homeowners with a higher rate
Real advantages tailored to your situation.
Lower monthly payment
A lower rate can shrink your payment and free up cash flow every single month.
Save on total interest
Pay less interest over the life of your loan — potentially tens of thousands.
Fast, simple process
Rate-and-term refinances are typically the most straightforward loans to close.
No cash-out needed
Just a better rate and terms — keep it simple and focused on savings.
How it works
Three simple steps from question to keys.
- 1
Share your rate
Tell us your current rate and balance — takes about a minute.
- 2
Verify & compare
Confirm your number and we compare your loan against today’s options.
- 3
See your savings
Get a clear estimate of your new payment and monthly savings.
Frequently asked questions
How much could I actually save?
It depends on how far your current rate is above today’s options and your balance. Even a 1% reduction can meaningfully lower your payment — share your numbers and we’ll estimate it.
Is it worth it with closing costs?
We’ll show you your break-even point — how long until the monthly savings cover the costs. If it doesn’t make sense for you, we’ll tell you honestly.
Will refinancing extend my loan?
You choose the term. You can keep a similar payoff timeline or reset to a new term — we’ll show you options both ways.
How long does it take?
Rate-and-term refinances are usually among the quickest to close since there’s no cash-out. Timelines vary by file and program.