In a rate - and - term refinance, the only terms of the new loan which differ from the original one are either the mortgage rate, the loan term, or both. (themortgagereports.com)
Make sure you are speaking to the actual loan servicer as this is who you will be interacting with over the entire life of your new loan. (u-fi.com)
But the amount of the new loan will be higher than the balance you owe on the old mortgage, and you'll receive the difference in cash. (studentloanhero.com)