Terms Beginning With 'r'

Rate-and-Term Refinance

  • January 22, 2020
  • Team Kalkine

Rate-and-Term Refinance is defined as the change in either interest rate, term, or both in an existing mortgage. The Rate-and-Term Refinance is generally seen with a drop in market interest rate where a borrower with high credibility is typically allowed to refinance its mortgage at a lower interest rate without any additional charges.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK