Rate & Term Refinance
Locked Into a Rate or Term That Doesn't Work Anymore? Let's Fix That.
Whether you're looking to lower your interest rate, shorten your payoff timeline, or move from an adjustable to a fixed rate, a rate and term refinance with Alpha could reduce your monthly payment or save you money over the life of your loan.
Free quote · Call or apply online · No obligation
The Idea
A Straightforward Way to Revisit Your Mortgage
If your current mortgage rate or loan term no longer fits your goals, a rate-and-term refinance replaces your existing mortgage with a new loan. Depending on your situation, you may be able to explore a different interest rate, loan term or loan structure without taking cash out.
What This May Help You Do
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Explore a lower interest rate — if current rates and your qualifications make it available
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Consider a shorter loan term — which may help you pay off your mortgage sooner and potentially reduce total interest
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Explore switching from an adjustable-rate mortgage to a fixed-rate mortgage — for more predictable payments
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Evaluate potential interest savings — based on your new loan terms and how long you keep the loan
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Adjust your loan structure without taking cash out — while keeping the focus on your mortgage terms
Quick Payment Comparison
Estimated New Payment
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Estimated Monthly Change
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Estimates include principal and interest only. Property taxes, homeowners insurance, mortgage insurance, HOA dues, closing costs and other monthly expenses are not included. For a more complete estimate, use our full refinance calculator .
How It Works
Four steps, and a real person at every one of them.
Reach Out
Call 910.227.4770 or fill out our quick form to get started.
Talk Through Your Current Loan
A specialist reviews your existing rate, term, and goals to see what's realistic for you.
Get a Personalized Comparison
We'll walk you through exactly what a new rate and term could mean for your monthly payment and long-term savings.
Close and Start Saving
Once approved, your new loan terms take effect — often with a lower payment or a faster path to being debt-free.
See What a Better Rate Could Mean For You
A quick conversation could reveal real monthly savings.
Who This Is For
Is a Rate & Term Refinance Right for You?
This may be a fit if you're a homeowner who:
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Has a mortgage rate higher than current market rates
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Wants to shorten your loan term and pay off your home faster
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Has an adjustable-rate mortgage and wants payment predictability
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Isn't looking to access cash or equity — just improve your existing loan
"Providing elite-level speed and professional certainty to every homebuyer in the Southeast."
Our Mission
Frequently Asked Questions
How do I know if refinancing will actually save me money?
It depends on your current rate, how long you plan to stay in your home, and closing costs. A specialist can run the numbers with you to see your break-even point and long-term savings.
What's the difference between this and a cash-out refinance?
A rate and term refinance keeps your loan balance essentially the same — you're only changing the rate and/or term. A cash-out refinance, like for debt consolidation, a remodel, or another major expense, increases your loan balance to access equity.
Will refinancing reset my mortgage to a new 30-year term?
Not necessarily. You can often choose a term that fits your goals — including terms shorter than your original loan — to avoid extending your payoff timeline.
Do I need good credit to qualify?
Not necessarily. Every homeowner's situation is different, and qualification depends on several factors beyond credit alone. A free conversation with our team is the best way to know your options.
Are there closing costs?
Yes, rate and term refinances typically involve closing costs. We'll walk through the full cost breakdown and help you understand your break-even timeline.
How long does the process take?
Timelines vary based on your situation, but many homeowners complete the process in a matter of weeks. Call 910.227.4770 for a personalized timeline.
Is there any cost or obligation to get a quote?
No. Getting your personalized options is free and comes with no obligation to move forward.
See What a Better Rate or Term Could Look Like for You.
Takes less than 2 minutes. Confidential, no obligation.