How much money can I get when I refinance?

Generally, you can receive part of the amount that you’ve paid toward the principal on your current loan. For instance, if you’ve paid $500 of the principal on your current loan, you can apply to refinance your loan to receive up to $500. However, in some instances, you may have the option of applying for more than your principal paid.

To see how much you’ve paid toward your principal, log in to your account.