Today's Secret Home Refinance Rates Will Amaze You

Types of Refinance Options

There are several refinance options available, each catering to different financial needs:

• Rate-and-Term Refinance: This option allows you to change the interest rate, loan term, or both, without altering the loan amount.
• Cash-Out Refinance: This involves taking out a new mortgage for more than you owe on your current loan and pocketing the difference, providing you with cash for other expenses.
• Cash-In Refinance: With this option, you bring cash to the table to pay down the loan balance, potentially securing a lower rate or eliminating private mortgage insurance (PMI).