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  2. Apr 12, 2024 · While there are many types of mortgage refinances, here are nine options commonly used by homeowners today: 1. Rate-And-Term Refinance. A rate-and-term refinance allows borrowers to change the interest rate and loan terms of an existing mortgage.

    • Patrick Chism
  3. Mar 6, 2024 · A mortgage refinance replaces your current home loan with a new one. Often, people refinance to reduce their interest rate, cut their monthly payments or tap into their home’s equity. Others...

  4. Mar 25, 2024 · Refinancing replaces your current mortgage with a new one, adjusting the rate, term or both. With refinancing, you can change the loan type as well as your lender. To refinance a mortgage, you'll...

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  5. 5 days ago · Here are the average annual percentage rates (APR) on 30- and 15-year fixed mortgage refinances and 5/1 ARM refinances: Featured Partner Offers. Minimum credit score. 580. Mortgage...

  6. Apr 21, 2023 · 1. Rate-and-Term Refinance. Rate-and-term refinancing is the most straightforward form of refinancing. It lets you change the interest rate and terms of your existing mortgage....

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  2. Take advantage of better rates & shorter terms with PenFed Refi. Equal Housing Lender. Leverage Your Home's Value with our Cash Out Refi Options. Get Started Today With PenFed

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