{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/54e9e9e8ed1e4c67a0f83bb56581cdaa\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/54e9e9e8ed1e4c67a0f83bb56581cdaa-00a714d7e9f2d49e.gif","duration":50.367,"title":"Understanding Rate in Term Refinance: Save Money and Improve Financial Flexibility","description":"In this video, I explain what a rate in term refinance is and how it can benefit homeowners by replacing their current mortgage with one that has better terms, such as a lower interest rate or a shorter loan term. To qualify, you'll typically need a credit score of at least 620, a debt-to-income ratio below 43%, and at least 20% home equity. This type of refinance can lead to lower monthly payments and reduced interest costs, making it ideal for those looking to save money or pay off their mortgage faster. I encourage you to assess your financial situation and consider if a rate in term refinance could be a good option for you."}