At a lower cost, adjustable rate, and 0-down options, traditional loan programs like 30 or 15 years fixed rate mortgages do not always allow us to achieve our financial goals.

When you refinance, mortgage rate is less than what you paid for your original mortgage. However, before applying for a mortgage refinance loan, you must know all the constraints of rate mortgage refinance.

Ask a GFE before loan application and before ordering your credit report.

A refinance home loan offers great financial advantages under the right circumstances.

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First, you can simply refinance at a lower interest rate, which means a lower monthly payment.

If you have 20 years of your loan term of 30 years and you choose to get a loan term of 15 years, the monthly bill will be steep.