By refinancing your mortgage, you can replace your current loan with a new mortgage bearing better terms. Refinancing can save you thousands of dollars as well as give you the peace of mind of a mortgage with fixed monthly payments. For example, if you have a 15-year mortgage with a balance of $150,000 and a fixed ...
Mortgage rates are going up, but don’t worry — you haven’t missed the boat on your refi opportunity.
When your house is in need of some serious TLC, it can be tough finding room in your budget for renovations and repairs. One way to pay for those projects is by refinancing your home with a Federal Housing Administration-backed 203(k) loan. The FHA provides mortgage insurance on loans originated by lenders, backing them financially...Read More
Whether you should refinance your mortgage or not depends on your savings but for people over the age of 50 there are other specific factors to consider.
Some overly-cautious borrowers are missing out on the benefits of cash-out refinancing. Find out if a cash-out refi is a good idea for you.
NBC 6 Responds explains what you should consider if you’re thinking of refinancing your home.
Refinancing a loan may provide the needed relief for your financial situation, but how will it affect your credit? Learn how to minimize the impact of a refinance.
Nearly 7 million homeowners are paying more than they have to by not opting to refinance their mortgages.
There are times when refinancing your mortgage makes good financial sense. It's important that you do it in the right way to save the most money over the life of your loan.
As a homeowner, you’ve worked hard paying off the mortgage on your house and updating it when you can. Now it’s time for the house to work for you! Low rates mean there’s a bit more equity in your home, which is an opportunity to use that equity to put some money in your pocket or purse.<br>David Hall from Hall Financial explains how you can make your home equity work for you by refinancing your home for a lower rate.
There are certain closing costs you should expect to see on your closing or settlement statement, and you should always get a GFE or Good Faith Estimate.
Sometimes, fall can be slow for real estate agents and loan officers, but that’s not the case lately -- in fact, the market is active right now, especially when it comes to refinancing.
Cash-out refinancing can provide borrowers with several important benefits, though it's not the best option for all homeowners.
There are many people who are thinking about refinancing their homes. For example, some people may be interested in reducing their monthly payments, while other people may be interested in tapping into the value of the home to fund a home improvement project. What is the relationship between property values and refinancing? There are several important points to keep in mind<br>Property Values Tend To Rise…
The landscape of mortgage refinancing is shifting, but that shouldn’t necessarily scare homeowners away from considering this financial move.
These tips can help determine if refinancing a mortgage is a smart idea.
Mortgage rates have dropped—again—to their lowest levels in the last 50 years. But demand for new loans or refinancing remains muted, underscoring reasons why policy makers at the White House and Federal Reserve are thinking about new ways to help more homeowners refinance.
Is refinancing your mortgage loan right for you? Here are some questions to consider when thinking about a mortgage refinancing.