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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... |
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reasons to refinance related definitions |
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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... |
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More about reasons to refinance
Auto Refinancing and Car Loan Guide Business Loan Uses Poor Credit Car Loan - Get Approved Online Should You Refinance? Three Things to Avoid When Buying a Home Why Refinance Back into a 30-Year Loan? Reasons to Refinance When Rates Are Moving Up When Your Bills Are Piling Up Here Are 6 Different Ways to Consolidate 6 REASONS for Investing in Florida Real Estate Investment Property NOW Refinance Home: Distilling Cash by Renewing Home Loan
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