Many people refinance to get a lower interest rate and lower monthly mortgage payments. If this is your motivation, you'll be in a better position if you can reduce the amount of time you're paying off your mortgage, because that means you'll reduce your overall costs. Here's where you can start your research. 

All calculators and tools are supplied as a courtesy only. HawaiiUSA Federal Credit Union is not responsible for the accuracy or completeness of information that you provide or information generated by the calculators. Please check your records carefully before inputting your information into the calculators or tools. All projected rates and results are estimates, are examples only, and are necessarily hypothetical in nature. No results are guaranteed. The output of the tools and calculators may vary with each use and over time. Please remember that the calculators and tools are not intended to replace the advice of qualified professionals, and you should consult with a qualified professional of your choice whenever specific advice is necessary or appropriate.