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Rate Term Refinance

What Is a Rate and Term Refinance?

This differs from a cash-out refinance, in which new money is advanced on the loan and the mortgage applicant receives cash at the closing in addition to their new loan. Usually a rate-and-term refinance is opinionated to lower interest rates than cash-out refinances.

Also known as a “no cash-out refinance. A rate-and-term mortgage lenders provide a new mortgage loan to refinance change the interest rate, the term or both the rate and the term of an existing mortgage without cashing out. 

 

FHA-MORTGAGE-LENDERS.COM - DISCALIMER

US Mortgage Lenders has an extensive lender network that allows us to provide unique and mortgage solutions. Contact US for the most update information on terms and conditions. All Information on this site Is for example, hypothetical purposes and should NOT be relied on for decision making.
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