Rate and Term Refinance

A mortgage refinance replaces a homeowner's existing mortgage with a new mortgage to help you make the most of your investment. Whether your property value has increased and you want to refinance out of your mortgage insurance or you want a lower monthly payment, there's a refinance option for you.

A Rate and Term Refinance works exactly as it sounds, giving borrowers the opportunity to trade their current rate for a new interest rate and adjust the term of the loan. Rate and Terms are very useful for borrowers looking to take advantage of lower rates or adjust their term, or length of the loan.

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