Rate and Term Refinance in Nevada

Conventional rate-and-term refinancing for Nevada homeowners. Lower your interest rate, change your loan term, or remove PMI—no cash-out, just better terms.

Check Your Rate Calculate Savings

Why Refinance Rate & Term?

Lower Your Interest Rate

Reduce your rate by 0.5%+ to save thousands over the life of your loan.

Change Your Loan Term

Switch from 30-year to 15-year to pay off faster, or extend to lower payments.

Remove PMI

If you have 20%+ equity, refinance to eliminate private mortgage insurance.

Switch Loan Types

Move from ARM to fixed-rate for payment stability and peace of mind.

Requirements

  • Credit Score: 620+ (higher scores = better rates)
  • Equity: At least 5-20% depending on loan type
  • DTI Ratio: 43-50% maximum
  • Income: Steady employment and verifiable income
  • Appraisal: Property must meet lender requirements

Break-Even Point: Most Nevada homeowners break even on refinancing costs within 18-24 months. If you plan to stay in your home longer, refinancing usually makes sense.