Rate and Term Refinance

A rate / term refinance is a way to replace your current mortgage with a new loan that may have better terms than your current mortgage. There are many reasons you may want to consider a refinance, including lowering your monthly payment, getting a better interest rate, or reducing your loan term. If you have multiple loans, you can use a refinance to consolidate those into a single loan which may have a lower interest rate.

A rate / term refinance takes elements into consideration such as your credit score, debt, cash reserves, and income. Speak to a lender today to see if a refinance is right for you.