Refinance
Replacing an existing mortgage with a new one.
The new payment depends on the new rate, the new term, and the new balance, including costs you roll in.
A smaller payment can still mean more interest if you restarted a 30-year clock.
Replacing an existing mortgage with a new one.
The new payment depends on the new rate, the new term, and the new balance, including costs you roll in.
A smaller payment can still mean more interest if you restarted a 30-year clock.