Get a lower interest rate when you refinance your mortgage loan with us. That means you can lower your monthly house payment or pay off your mortgage sooner, helping your credit. A mortgage refinance from Nationwide Bank means you’ll pay less on what you borrow.
Low Mortgage Refinance Rates from Nationwide Bank®
Mortgage refinance conforming loan rates
Mortgage refinance nonconforming (jumbo) loan rates
Jumbo mortgage rates are for mortgages greater than $424,100. Learn more about jumbo loans and if it's the right option for you.
Lower your mortgage loan interest rate with Nationwide Bank. We refinance regular and jumbo mortgage loans. A jumbo loan is for mortgages greater than $424,100. We offer lower interest rates and flexible terms.
Plus, we’ll match other lenders’ fixed mortgage rates, or we’ll pay you $500. Learn more about our Best Price Guarantee.
You must be 18 years or older to apply for mortgage refinancing with Nationwide Bank.
Nationwide Bank has a secure application that makes mortgage refinance safe and simple.
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If you are refinancing your mortgage with another person, you will need to have that person’s ID and residence information, too.
Why should I consider mortgage refinancing?
There are two advantages to refinancing your mortgage loan:
- Lower monthly payments – Mortgage refinancing with a lower rate can help lower monthly payments. This may mean refinancing your mortgage using the loan term currently remaining, or extending your loan term.
- Shorter term – A shorter term means you will pay off your mortgage in fewer years, and pay less interest over the life of the loan.
A lower mortgage refinance rate can make your monthly mortgage payments lower; however, if you also shorten the term, your payments may remain the same or increase. For example, if you had 20 years left to pay on your mortgage and you refinance at a lower rate with a 15-year mortgage, you may not notice a decrease in your monthly payment. Because the length of your loan is shorter, you will pay less interest over the life of your loan.
Can I roll the closing costs into the refinance balance?
Yes, many people choose to roll the closing costs into their mortgage loan amount.
What is included in closing costs?
Closing costs may include the following:
- Prepaid interest
- Appraisal and title services
- Miscellaneous costs, such as an underwriting fee or tax service fee
Most of the fees described above are finance charges that affect your APR which, in addition to interest, represents the cost of credit to you.
What are points?
Points are prepaid fees, often (but not always) used to gain a lower interest rate on your mortgage. One point is 1% of your mortgage loan amount. For a $200,000 home, one point would be $2,000. Some points may be tax deductible; consult your tax advisor.
How much does it cost to lock in my refinance rate?
Nationwide Bank charges a $450 commitment fee for you to lock in your mortgage rate.
How do I apply for mortgage refinancing online?
Fill out our online application. Then once your application is submitted, a Nationwide Bank Mortgage Specialist will call you to discuss the rest of the refinance process. You can also apply by phone by calling 1-877-636-0598, 8 a.m. to 8 p.m. ET, Monday - Friday.
Do I have to pay for an appraisal for mortgage refinancing?
Yes. It is included in your closing costs.
Don’t forget that Nationwide can provide you with the insurance you need to protect your property. Request a homeowners insurance quote from Nationwide Insurance today.
Nationwide Bank NMLS #769318. To verify that a mortgage company or individual is authorized to conduct business in your state, visit the NMLS Consumer Access website.