See what's possible
When you refinance, you pay off your existing mortgage with funds from a new mortgage on terms that work for you.
What you can do with a mortgage refinance:
- Consolidate higher interest debt
- Lower your monthly payment
- Take cash out to remodel
- Shorten your term and pay off your mortgage faster
- Refinance your FHA loan into a conventional loan
- Rate discounts for eligible Bank of the West customers. View details
Today’s Purchase Rates
Select a rate or APR to view important loan information.
*All refinances are assuming autopay, CA-South Region, FICO 740, 60% LTV
Let us help you get our best rate
We'll do our best to meet or beat your current mortgage offer from another lender.footnote2 Even if you've already applied elsewhere, we may be able to reimburse you up to $750 for closing costs when your new Bank of the West mortgage closes. Our relationship pricing discounts for current Bank of the West and BWIS customers start at 0.125% if you have $100,000 or more in eligible deposits and rising to 0.75% with $3 million or more in deposits.footnote3 Simply have your monthly mortgage payment automatically deducted from a Bank of the West savings or checking account.
Talk to your Home finance specialist for details.
100%
Banks can lend up to 100% of their customers' deposits. Do you know what your money is funding?
$0
$0 is the amount we finance towards Arctic drilling, tar sands mining and big tobacco.
Get answers to your questions about the home loan refinance process
No, we encourage customers and non-customers to apply.
It depends. Generally, it can take approximately 45 days for your loan to fund. However, please note that factors such as the type of loan product, property condition, appraisal turn time, market demand, and ability to obtain required documentation may impact these timeframes. Contact a home finance specialist for current turn times.
Many factors are considered when a mortgage interest rate is established. Rates vary based on FICO® score, loan term, loan amount, down payment, property type, and location. Speak with one of our home finance specialists to find out the best rate we can offer you.
Once you have completed your application for a refinance, the lender will order an appraisal to ensure that the property’s value is sufficient for the loan amount requested. A licensed appraiser will visit the property to conduct the appraisal inspection. Generally, the appraisal report is completed and received between two days to two weeks, depending on the type of appraisal, the location of the property, and market demand.
Appraisers complete a visual inspection of the interior and exterior of the property and note any conditions that might adversely affect the property’s value, such as needed repairs. Further, they compare the home to other similar homes in the area and their recent sales prices.
Click here to download an outline of our common mortgage fees and costs
Our customer service team can provide a loan payoff amount. Simply call 888-915-2327 (TTY: 800-659-5495) and select “mortgage payoff” to speak with one of our team members.
Fixed-Rate Mortgage
- Interest rate will never change
- Predictable monthly principal and interest payments
- Protects you from interest rate increases over time
- Most popular because of its stability
Adjustable-Rate Mortgage (ARM)
- Initial interest rate may be lower than a comparable fixed-rate loan
- An ARM has an interest rate that is fixed for a set period, usually 5, 7 or 10 years
- After the fixed-rate period, the interest rate adjusts based on an index (such as SOFR) and monthly payments fluctuate with the market
- May be best if you plan to pay more on your loan early on or live in your home for a short time
Please refer to your loan denial notice for the specific reason your application was denied. If you were denied due to credit score, this article has helpful tips on how to improve your score: Good Credit Planning. Your Home Loan Specialist will assist with information that may be helpful when you’re ready to reapply.
We’re here for you
Are you going through a
financial hardship?
Find out how we can help.
Choose your state of legal residence. We can then give you information about the products and services available in your area.
Note: Bank of the West has branches only in the states listed in the drop-down. At this time, we only open accounts for individuals and businesses in these states.
You are leaving Bank of the West
Please be aware: The website you are about to enter is not operated by Bank of the West. Bank of the West does not endorse the content of this website and makes no warranty as to the accuracy of content or functionality of this website. The privacy and security policies of the site may differ from thsoe practiced by Bank of the West.
To proceed to this website, select Continue, or Cancel to remain on the Bank of the West website.
You are leaving Bank of the West
The website you are about to enter is a BMO Harris Bank N.A. website. Bank of the West has recently joined the BMO family.
To proceed to this website, select Continue, or Cancel to remain on the Bank of the West website.