Nowadays, rate-and-term refinance is the most popular type of refinancing. They allow homeowners to modify their loan terms, mortgage rates, or both. For instance, your monthly payments will be reduced if you refinance from a 30-year mortgage with a 5% interest rate to a 15-year mortgage with a 3% interest rate. In addition, you can save money by using it. Furthermore, refinancing... https://dreamhomemortgage.com/top-benefits-of-rate-and-term-refinancing-in-2024-lower-rates-better-terms/