Will my payments change?

Your payments could potentially change. This depends on a few factors, such as the date of the first payment on your new loan and the interest that accrues between then and the last payment date on your previous loan. If you refinance for a different loan amount, your payments could also change.

Keep in mind, refinancing does not assure a reduction in scheduled payment amounts. If approved, we advise you to view the payment amount of your new loan on your loan agreement and carefully consider whether you can afford to make the scheduled payments over the term of the loan before signing.