Rate / Term Refinances

Rate / Term Refinances

 

Rate / Term refinances are refinances where a Consumer obtains a new loan that pays off their existing loan without receiving any cash back from the equity in their home.  Consumers apply for Rate / Term refinances to:
  • Obtain a lower interest rate / payment         
  • Reduce or eliminate mortgage insurance
  • Remove Borrower's from title
 
Rate / Term refinances come in two forms:
  • Standard Refinances which require a Consumer to requalify for the new loan         
  • Streamline Refinances which do not require a Consumer to requalify for the new loan.

 

 

 

 

 

 

 

 

 

 

 

 

Cornerstone Mortgage

5940 S. Rainbow Blvd., Suite 201
Las Vegas, NV  89118
(702) 840-3500 
NMLS ID 340311
NV: License: 4814
CA: Licensed by the Department of Business Oversight, under the CA Residential Mortgage Lending Act.  CA Finance Lender #60DBO86761. California Department of Real Estate 01848420.

1500 Standiford Ave., Suite A1 
Modesto, CA  95350
(209) 578-9000
NMLS ID: 1741490   |   CalDRE License: 01848420

200 Tampa St. 
Turlock, CA  95382
(209) 633-3222
NMLS ID: 1739798   |   CalDRE License: 01848420

91-110 Hanua St., Suite 201 
Kapolei, HI  96707
(808) 784-1239
NMLS ID: 1669660