Mortgage Refinance - Hero Image

Mortgage Refinance from Discover

A better way to

Low Fixed Rates | Zero Origination Fees | Great Customer Service
Refinance Options in Minutes
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
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
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
Fixed Monthly Payments

10, 15, 20 & 30 Years
Loan Payment Example

Application Fees
Origination Fees
Appraisal Fees
Cash Required at Closing
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

See how much you could borrow
Pay off debt & check your savings
Check your fixed rate & payment
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. ”

Caassara 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

One loan for multiple goals

Our debt consolidation customers save an average of $596 on their monthly payments!

Important Information


Monthly Payments

From credit cards & loans totaling $44,374



Fixed Monthly Payments

30 yr. term $44,374 at 8.99% APR
(excludes taxes & insurance)

Savings of $596 per month. That's $7,160 per year!

Find your low,
fixed rate

Use our Rate Calculator to find the rate and monthly payment that fits your budget.

Make it the home of your dreams.

Make Big Upgrades

$35,000 - $200,000 is enough money to renovate or expand your living space.

Save With Low, Fixed Rates

Get a low monthly payment and zero origination fees or cash required at closing.

Get a Potential Tax Deduction

Potentially deduct up to 100% of your interest on taxes when you improve your home (consult your tax advisor).

Did you know?

The home equity you’ve earned can be used in a multitude of ways.

Imagine what your home equity could provide.

Get Cash to Meet Your Needs

Pay the tuition of a loved one. Make a major purchase. Have the perfect wedding.

Healthcare Bills Covered

Use your equity to relieve some financial stress so you can focus on your health.

Feel Secure About Your Rate

The low, fixed rate and payment you’ll get from Discover won’t ever change.

Did you know?

The home equity you’ve earned can be used in a multitude of ways.

Frequently Asked Questions


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


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.


   Learn more


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%

Your Guide to Home Lending

Learn more about product options, using your equity wisely, and the home equity market.


Start your application online

or give us a call.

  • Weekdays 8am–Midnight ET
  • Weekends 10am–6pm ET

Start your application online or give us a call.

  • Weekdays 8am–Midnight ET
  • Weekends 10am–6pm ET