Home Loan Refinance

Make adjustments to the loan you already have by refinancing your loan at a better rate. There are two kinds of refinance loans: Rate/Term and Cash Out. Rate/Term doesn't add any new debt to the current mortgage in terms of consolidating credit cards or an auto loan, or taking cash out for home improvements. For those, select Cash Out. Rate/Term is for more favorable pricing. With both types of refinance loans, the equity you have in your home is used as collateral.