Government data showed a total of 27,530 mortgage orders were ... Lenders have come under pressure to do more for struggling homeowners after the number of people threatened with losing their homes rose to its highest level for 16 years. 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.
