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Mortgage Professor about mortgage refinance: | |||||||||||||||||||||||
Can Mortgage Refinance at a Higher Rate Make Sense?
April 8, 2002, Revised November 17, 2004 "Does it ever make sense to refinance into a mortgage carrying a higher interest rate than the mortgage you already have?" Very often it does not. Mortgage borrowers refinancing at higher rates ought to use the 72 hour ... more... Mortgage Refinance Tutorial Here is what you will learn in this tutorial: 1. What does "saving money" on a refinance mean? 2. Should you finance the origination costs? 3. What hazards must be avoided? 4. Determining whether or not you will save money: what is the ... more... |
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mortgage refinance related definitions |
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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... Wraparound Mortgage Wraparound Mortgage Mortgage Loan which provides a buyer with the amount of the remaining balance on a seller's mortgage plus an additional amount which is requested by seller as part of the contract of sale. Payments are made to the lender who holds the wraparound loan. ... more... |
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More about mortgage refinance Mortgage Refinance? Should You? Refinance Benefits - Refinancing Could Save You Money Understanding Home Loan Refinancing Costs Deciding Whether to Refinance a Mortgage Loan Refinancing Your House Mortgage - 3 Reasons to Refinance While Rates are Low Bad Credit Mortgage Refinance - Should I, Shouldn't I? Refinance Your Home to Payoff Debt: Pros & Cons Mortgage Refinance with Bad Credit - The Pros and Cons Refinancing vs Line of Credit Home Loan Refinancing - Why When And Where?
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