You might call it the second coming of Patrick S. Flood. The once high-profile CEO of HomeBanc Mortgage Corp., known for his Christian faith-oriented management style, was fired last year from the company he had been a part of for 22 years, just ... Another important benefit of refinance mortgage loans is that gives the borrower more flexibility. It allows you to change loan terms from a long one to something shorter. In this way, you can pay off the principal more quickly, thus saving you from the total interest charges.
