Mortgage Refinance from Discover

A better way to
refinance.

Low Fixed Rates | Zero Origination Fees | Great Customer Service

Refinance Options in Minutes

Apply online or over phone, fast and easy. Loan options from $35,000 to $200,000.

Not Like Your Original Mortgage

Zero origination fees, zero application fees and zero appraisal fees. Plus, fixed rates starting at 3.99% APR.

Help and Support 7 Days a Week

Get your own personal banker and a loan team dedicated to processing your application.

Rates, Terms & Fees

Feel secure with the same fixed rate and payment each month.

Interest Rates	Fixed interest rates from 3.99% - 11.99% APR View APR disclosure
Loan Amounts	$35,000-$200,000
Payments	Fixed Monthly Payments
Terms	10, 15, 20 & 30 Years Loan Payment Example
Application Fees	$0
Origination Fees	$0
Appraisal Fees	$0
Cash Required at Closing	$0

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Discover Home Loans pays all closing costs incurred during the loan process, so that you don’t have to bring any cash to your loan closing.

In the event that you decide to pay off your loan balance in full within 36 months after your loan closes, you will be required to reimburse Discover for some of the closing costs that we are paying on your behalf, not to exceed $500.00.

Reimbursable closing costs will include all title fees, recording fees, and mortgage/transfer taxes. If you reside in Connecticut, Minnesota, New York, North Carolina, Oklahoma, or Texas you are not required to reimburse the closing costs.

Use our calculators & see what you think

Loan Amount Calculator

Turn your home equity into cash

Here's what our customers are saying

“So professional, prompt, and helpful at every step. This was a great opportunity to refinance our mortgage without any extra costs."

Cassara B, 01/07/20

"In 30 years of buying/selling/refi, this was, BY FAR, the easiest and smoothest transaction I’ve ever been a part of!"

Julie H, 02/03/20

"Thank you so much for your help. It was a wonderful experience…I always felt like a unique and valuable customer."

Fanny M, 02/19/20

"So professional, prompt and helpful at every step. This was a great opportunity to refinance our mortgage without any extra costs."

Cassara B, 1/7/20

"In 30 years of buying/selling/refi, this was, BY FAR, the easiest and smoothest transaction I’ve ever been a part of!"

Julie H, 02/03/20

"Thank you so much for your help. It was a wonderful experience…I always felt like a unique and valuable customer."

Fanny M, 02/19/20

One loan for multiple goals

Frequently Asked Questions

Main

A mortgage refinance allows you to obtain a new mortgage loan replacing your current mortgage. At times when mortgage rates are low, you may want to consider a refinance to lower your rate so that you are paying less money over the life of your mortgage. You can also choose to extend or shorten your current loan term with your new loan depending upon your personal goals. You may also be able to take cash out of your equity when you refinance to use for a variety of purposes including home improvement, debt consolidation, or paying for major expenses or purchases. Many conventional refinance lenders charge closing costs when you refinance; however, Discover offers loans with zero application fees and zero cash due at closing.

Learn more

Main

A cash out refinance is when you take a portion of your home's equity out as cash when refinancing your current mortgage. When mortgage rates are low, a cash out refinance may be advantageous over other types of credit like personal loans, home equity loans, or HELOCs that have a variable rate. Discover offers cash out refinances with low, fixed rates that never change for the life of the loan, as well as no cash due at closing.

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Main: Speak with one of our Personal Bankers to get an initial idea of your eligibility, or start your application online here. Here are a few things we look for:
- Credit score of at least 620
- History of responsible credit use
- Verifiable employment and income
- Debt-to-income ratio (DTI) less than 43%

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