Mortgages

Refinance Your Home

Home Loans provided by Quicken Loans

Whether you're taking advantage of low interest rates, seeking the predictable payments of a fixed rate, tapping into your home equity, or shortening your loan term, you can find the right loan through Schwab Bank’s home lending program from Quicken Loans®.

Loan Types

Get stable monthly payments.

While an adjustable-rate mortgage (ARM) may offer better rates in the short term, a fixed-rate mortgage loan locks in both your interest rate and the amount of your monthly payments for the life of your loan. On select conforming loans you can also pick the term of your fixed-rate loan—from 8 to 30 years.

Why choose a fixed-rate mortgage?

You want a stable monthly payment for the life of the loan.
You think interest rates could go up in the next few years.
You plan to stay in your home for a long time.

Enjoy lower initial monthly payments.

An adjustable-rate mortgage (ARM) has a fixed interest rate for a specified initial term—either 5 or 7 years—after which the interest rate can go up or down depending on current rates. Some ARMs offer an interest-only payment option to further lower your initial monthly payments.¹

Why choose an adjustable-rate mortgage?

You want to start with lower monthly payments.
You plan to sell or refinance your home within the initial fixed-rate period.
You expect your income to increase in the future.
You don't anticipate interest rates to increase significantly in the future.

Structure your loan to your advantage.

Depending on your situation, you might benefit from obtaining a first mortgage and a second mortgage at the same time (usually a home equity line of credit). Also called a "piggyback loan,” this financing option lets you avoid paying the higher interest rates of a jumbo loan and gives you the flexibility to access cash in the future.

Why choose a combo mortgage?

You want your primary loan to fall within the conforming or high balance loan limits so you can take advantage of lower interest rates.
You want to have a home equity line of credit so you can access the cash for other purposes as you pay down the balance.

Learn more about the Schwab Bank's new home lending program from Quicken Loans.

Ready to get started?

To get a rate quote or apply for a loan, call 877-535-4021.
Monday–Friday, 8:00 a.m.–11:00 p.m. ET, Saturday, 8:00 a.m.–8:00 p.m. ET

Or, start the mortgage process online.

Get Started

View today's mortgage rates
Estimate your savings with our Refinancing Calculator

Charles Schwab Bank

1. Interest-only mortgages have an initial interest-only payment period followed by a fully amortizing payment period. After the interest-only period ends, your monthly payments will increase because you will be paying both principal and interest. Interest-only mortgages include additional risks you should consider. For more information about these risks, please contact a home loan specialist.

In order to participate, you must agree that the lender, Quicken Loans, may share your information with Charles Schwab Bank. As part of the Schwab Bank home loan program from Quicken Loans, you will receive a closing cost discount of $200. Offer is good only for mortgages that close. The closing cost discount will appear on the borrower's final HUD-1 statement at closing. This offer is subject to change or withdrawal at any time and without notice.

Nothing herein is or should be interpreted as an obligation to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. Program terms and conditions are subject to change.

Charles Schwab Bank and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Investment products are offered by Charles Schwab & Co., Inc. (member SIPC). Charles Schwab & Co., Inc. does not solicit, offer, endorse, negotiate or originate any mortgage loan products and is neither a licensed mortgage broker nor a licensed mortgage lender. Home lending is offered and provided by Quicken Loans, Inc, Equal Housing Lender. Quicken Loans Inc., is not affiliated with The Charles Schwab Corporation, Charles Schwab & Co., Inc. or Charles Schwab Bank. Deposit and other lending products are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.

Licensed in all 50 states. State specific license information: Arizona: Quicken Loans Inc., 16425 North Pima, Suite 200, Scottsdale, AZ 85260, Mortgage Banker License #BK-0902939; Arkansas: Quicken Loans Inc., 1050 Woodward Avenue, Detroit MI 48226-1906 (888)474-0404; California: Licensed by Department of Corporations, CA Residential Mortgage Lending Act; Colorado: Quicken Loans Inc., 1050 Woodward Avenue, Detroit MI 48226-1906 (888)474-0404; To check the license status of your mortgage broker, visit http://www.dora.state.co.us/real-estate/index.htm; Georgia Residential Mortgage Licensee (#11704) - 1050 Woodward Avenue, Detroit MI 48226-1906; Illinois: Residential Mortgage Licensee #4127 - Department of Financial and Professional Regulation, 1050 Woodward Avenue, Detroit, MI 48226-1906; Massachusetts – Quicken Loans Inc., Mortgage Lender License #ML-3030; Minnesota - not an offer for a rate lock agreement; Mississippi – Licensed by the Mississippi Department of Banking and Consumer Finance; New Hampshire - Licensed by the NH Banking Department, #6743MB; New Jersey – Licensed Mortgage Banker - NJ Department of Banking, first(and/or second) mortgages only; New York – Licensed Mortgage Banker - NYS Banking Department; Oregon - Quicken Loans, Inc. – License # ML-1387; Pennsylvania – Licensed as a first Mortgage Banker by the Department of Banking and licensed pursuant to the Pennsylvania Secondary Mortgage Loan Act; Rhode Island - Licensed Lender; Texas – Quicken Loans, Inc., 1050 Woodward Ave, Detroit, MI 48226; Virginia – Licensed by Virginia State Corporation Commission, License # MC-1738. Quicken Loans Nationwide Mortgage Licensing System #3030. Restrictions may apply. Equal Housing Lender.

© 2000–2012 Quicken Loans Inc., All rights reserved. Lending services provided by Quicken Loans Inc., a subsidiary of Rock Holdings Inc. “Quicken Loans” is a registered service mark of Intuit Inc., used under license.