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

1500 Standiford Ave., Suite A1
Modesto, California, 95350
(209) 578-9000

200 Tampa St. 
Turlock, CA  95382
(209) 633-3222

200 Tampa St. 
Turlock, CA  95382
(209) 633-3222

NMLS: 281413
California BRE: 01848420 

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