A rate-and-term refinance alters an existing mortgage's interest rate or without advancing new money. You simply replace your original mortgage with a new one with different terms. If your credit has improved substantially, you may be able to refinance at a lower interest rate. Conventional and USDA mortgages are eligible for rate and term refinancing. The requirements will depend on which type of mortgage you have, but typically you'll need a certain credit score, debt-to-income ratio, and amount of equity in your home.
Our Mulberry Grove ATM will be unavailable for an extended period of time. Our ATMs in Greenville or Vandalia are currently available for use. We apologize for any inconvenience this may cause.
Speak with one our mortgage professionals to learn more!
Consumer Loan Originator
Vandalia , Illinois 62471
Phone: (618) 283-1141
Email Kayla Crabtree