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Mortgage Professor about reasons to refinance: 
Does a Prior Mortgage Refinance Affect This One?
June 9, 2003 When interest rates drop, some homeowners who had refinanced earlier are discouraged from refinancing again, for reasons that make no sense. "How long do I have to wait before I can refinance again? I was told a year." Not so. I have never heard of a ... more...

Are Lenders Responsible For a "Tangible Net Benefit"
18 April 2005 "I understand that in pending Federal legislation aimed at predatory lending, lenders will be prohibited from refinancing a mortgage unless there is a ?tangible net benefit? to the borrower?Is this a good rule?" It is not a good rule, because it ... more...

reasons to refinance related definitions

Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more...

Refinance
Refinance Refinancing refers to applying for a mortgage loan intended to replace an existing loan secured by the property. Homeowners usually consider refinancing for the purpose of getting a better interest rate, loan term, or to draw cash from the equity. ... more...

More about reasons to refinance

Auto Refinancing and Car Loan Guide
This comprehensive car refinancing guide will help you find the best auto refinance package for you. Included are the important steps needed to take to understand car loan refinancing and what you should know if they are considering refinancing your car loan. This site was designed to help with ... more...

Business Loan Uses
Ever heard the saying, It takes Money to make Money? The principle of borrowing money from banks and other credit agencies to make money has been a relatively basic assumption since early trade days. Existing business owners may want to expand their business, buy more inventory, or even hire more ... more...

Poor Credit Car Loan - Get Approved Online
Poor credit doesnt have to stop you from getting a car loan. In fact, car loans are one way of rebuilding your credit history. Online car loan lenders make the application process quick and easy, so you can buy your automobile the next day.Poor Credit Car Loan LendersCar loan lenders make it their ... more...

Should You Refinance?
There are several reasons that might make someone consider refinancing their existing mortgage. One would be to get a lower interest rate than what they currently have, thereby reducing monthly payments and lowering the overall cost of the mortgage. Another is to shorten the length of the loan, ... more...

Three Things to Avoid When Buying a Home
Whether you're a first-time homeowner or moving on up the property ladder, home buying can be tricky. How do you draw the line between a money pit and a diamond in the rough? Here are three things to keep in mind. Depending on the circumstances, these might be reasons not to buy.Neighborhood. ... more...

Why Refinance Back into a 30-Year Loan?
One of the biggest reasons homeowners refinance their mortgage is to obtain a lower interest rate and lower monthly payments. By refinancing, the borrower pays off their existing mortgage and replaces it with a new one. This can often be accomplished with a no-points no-fees loan program, which ... more...

Reasons to Refinance When Rates Are Moving Up
Interest rates have enjoyed record lows during the last few years allowing many people to refinance and enjoy lower mortgage payments. Now, interest rates are moving in the other direction. The average 30 year fixed rate, according to mortgage giant, Freddie Mac, was 6.31% last week. Still, during ... more...

When Your Bills Are Piling Up Here Are 6 Different Ways to Consolidate
When it comes to debt consolidation some people dream of day when all their bills will disappear. Next to hitting the jackpot, a debt consolidation loan is some times the only way out for a debtor. No more playing "pick the bill out of the hat" to see who gets paid, all you have is one affordable ... more...

6 REASONS for Investing in Florida Real Estate Investment Property NOW
I invite you to take the next few minutes to learn the truth about the real estate market, how it compares to other methods of building assets and why it is such a lucrative form of investing. Many potential investors will say, 'I need to get into the Florida Investment Property market', especially ... more...

Refinance Home: Distilling Cash by Renewing Home Loan
Refinance home is in vogue especially with reduction in interest rates. Refinance is still going strong with 40% of the home loan applications being filled in for refinancing home loans. Homeowners realize that there is enough equity in the home to refinance and convert into cash and credit. Few ... more...


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