A rate-and-term refinance can change the interest rate, the term, or both rate and term of an existing mortgage without providing any cash-back at closing. Rate-and-term
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A rate-and-term refinance can change the interest rate, the term, or both rate and term of an existing mortgage without providing any cash-back at closing. Rate-and-term
Apply for loan
A client wants to pay off the home faster, they originally took out a 30 year mortgage but elect to pay the home off faster and do a rate and term refinance into a 15 year loan, ultimately saving thousands in interest and years worth of payments.
A client has already paid down their mortgage by 12 years (18 years remaining) but they want to save money on a monthly basis so they elect to do a rate and term refinance to go back to a 30 year
A client will do a rate and term refinance to reduce their interest rate from a 4.5% down to a 3.5%