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PHH Mortgage Refinance

Discover the benefits of refinancing your mortgage

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Refinance with ease with Rapid Refi

Simply put, refinancing means paying off your existing loan and replacing it with a new one to meet your current needs.

Why Do People Refinance?

  • Lower Interest Rate or Payment: Save money on your monthly mortgage payment
  • Reduced Loan Term: Pay off your mortgage faster
  • Access to Cash: Use home equity for home improvements or expenses
  • Consolidate Debt: Combine multiple debts into a single loan, and save
Mortgage loans are subject to credit approval. By refinancing your existing loan, your total finance charge may be higher over the life of the loan. Application approval is subject to complete underwriting review based on program guidelines; not all applicants may qualify. Limitations may apply. This is not a commitment to lend. PHH is not licensed to do business or originate loans for properties located in Hawaii. Any equity cashed out in refinance will increase the mortgage balance owed on the property.

 

Talk to a PHH Mortgage Loan Officer Today!

Get personalized loan options, rate quotes, and a free mortgage check-up.

 
Get Started

Explore the benefits of a PHH Rapid Refi for your refinancing needs. 

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Get a personalized assessment of your current debts, how much cash you have available through your home equity, and your potential savings on monthly bills by paying off this debt.


Thanks to our digital application and asset review options, enjoy a fast and super simple loan process with less paperwork. 

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With a Rate Redo, you can refinance and benefit now, and if rates drop within the next year, you can refinance again, and we'll cover your lender fees. That's up to $1500 savings! 
 

The lender credit is only available to borrowers who qualify for a new mortgage loan through PHH Mortgage. To be eligible for the Rate Redo, the initial loan application must be a funded loan with a completed application date on or after April 15, 2024 and before March 31, 2025. The subsequent refinance must be on the same property as the initial loan and have an application date within twelve months of the initial loan’s fund date. The credit of up to $1,500 will be provided as a general lender credit or credited towards specific closing costs as reflected on the final Closing Disclosure. One-time Rate Redo per property. Lender credit not to be combined with any other offers. Credit may be less than $1,500 on certain loans due to program requirements. Lender credit does not apply to FHA Streamline and VA IRRRL loans as specific closing costs do not apply on those loan types.


Our expert Loan Officers, with experience in various loan types, will walk you through options that suit your needs and are readily available to answer questions along the way. 


Our regular updates and loan tracker keep you informed throughout the loan process. 

Refinance Resources

Loan Options

Review PHH loan options and offerings

Refinance Calculator

Crunch the numbers on potential benefits

Refinance Guide

Review our go-to mortgage refinance guide

More to Explore

Take Cash Out
Lower Payment Options
Today's Mortgage Rates