Disconnect with {{lo_name}}?

You are about to remove the association with {{lo_name}}. Doing so will remove the omni-present contact information, form routing, and other types of associations from your browsing experience.

Any interactions or information submitted will instead be sent to our corporate office until a loan originator association is made again. Do you wish to continue?

Proceed Cancel

Rate-and-Term Refinance Loans

Resetting Your Mortgage for Savings or Flexibility

Rate-and-Term Refinance

What are rate-and-term refinance loans?

A rate-and-term refinance replaces an existing mortgage with a new loan whose purpose is to lower the interest rate, shorten or extend the amortization term, or move from an adjustable-rate mortgage (ARM) to a fixed rate. Conforming rate-and-term refis follow Fannie Mae and Freddie Mac guidelines; government versions exist for FHA, VA, and USDA borrowers, but conventional refis generally offer the widest pricing and product choices.

Benefits of a Rate-and-Term Refinance

Disclaimer: Eligibility, programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. By refinancing your existing loan, your total finance charges may be higher over the life of the loan.

Frequent Questions Rate-and-Term Refinance

How much lower must my rate be to justify a refinance? There’s no magic number; focus on break-even. A 0.50 % drop can be worthwhile if costs recoup in two to three years.
Can I add or remove a borrower during the refinance? Yes. Adding a spouse is common; removing someone may require proof they no longer have ownership interest or responsibility for the debt.
Can I wrap closing costs into the new loan? Generally yes, as long as the adjusted loan amount stays within the program’s maximum LTV limits.
Does refinancing reset my mortgage insurance cancellation clock? If your new LTV is above 80 %, PMI restarts; if at or below 80%, you can avoid or immediately cancel PMI on the new loan.

Let's Talk Rate-and-Term Refinance

Find Out More

Interested in a Rate-and-Term refinance loan? Submit your information.

Contact Information
Additional Information
American Neighborhood Mortgage Acceptance Company, LLC dba AnnieMac Home Mortgage ("Company," "We," or "Us") seeks your consent to contact you with certain non-emergency, automated, autodialed, prerecorded, or other informational and telemarketing phone calls or text messages under the Telephone Consumer Protection Act (“TCPA”). By selecting "Submit," you are providing your electronic signature and thereby authorize Us, our service providers, and/or our affiliates to contact you and any joint applicant at the home phone and/or mobile number listed above, and you agree such contact may be made using an automatic telephone dialing system (ATDS) or artificial prerecorded voice. Further, by selecting "Submit," you acknowledge and agree that: you are not required to grant your consent as a condition of buying any property, goods, or services; you may revoke your consent at any time by calling (888) 636-1335 or by emailing Privacy_OptOut@annie-mac.com; Message and data rates may apply.