What is reasons to refinance - Home Refinance: Why You Want to Refinance Your Mortgage



Home \| Ask Your Question \| Mortgage Glossary \|Free Credit Report \| Mortgage Calculator

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

Get Free reasons to refinance Quotes and Estimates
Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Home Refinance: Why You Want to Refinance Your Mortgage
You may want to refinance your home for several reasons. The biggest reason that people refinance their homes is to save money.If you qualify for a lower rate you could lock in that lower mortgage rate and stretch out the payments so that every month you are paying less to live in your home than ... more...

Refinance Your 1st Mortgage
Refinancing your first mortgage has several benefits. Of course, each situation is different. Thus, some homeowners may not benefit from a refinance. The process of refinancing is similar to obtaining the original mortgage. Homeowners receive quotes from various lenders, compare services, and ... more...

Refinance Benefits - Refinancing Could Save You Money
The most common reason most people refinance is to save money, but many people refinance for various other reasons.1. Refinancing to Lower Your Monthly Payment for an Existing Loan.You can refinance your existing loan at a lower interest rate thus reducing your monthly loan payments. With interest ... more...

Poor Credit Mortgage Refinance - Refinancing Your Home After Your Credit Score Has Dropped
You can still refinance with bad credit, but you will need to shop around. Each refinance application is looked at on an individual basis. So even if you have bad credit, other factors could qualify you for a low interest rate. However, if you dont apply, you will never know.Reasons To RefinanceIf ... more...

Refinance Mortgage - The Most Effective Option For Consolidating Bills
Have you ever wondered what exactly is the benefit with refinancing your mortgage? This informative article can give you an insight into everything you've ever wanted to know about refinance mortgage and how you too can consolidate your monthly bills.There are several reasons why a refinance ... more...

Home Mortgage Refinancing - Should I Refinance?
Why should I refinance and when does it pay to do so?Refinancing can be worthwhile, but it does not make good financial sense for everyone. A general role of thumb is that refinancing becomes worth your while if the current interest rate on your mortgage is at least 2 percentage points higher than ... more...

Florida Refinance Mortgage
You may be thinking of refinancing your current mortgage for one of several reasons. If you currently have an adjustable-rate mortgage, you may be looking for a fixed-rate mortgage with more competitive terms, or interest rates on your adjustable-rate mortgage may be rising so it makes sense to ... more...

Refinance after Bankruptcy Bad Credit Refi Lenders
Refinancing your home mortgage following a bankruptcy may put extra cash in your pocket to help finance large home improvement projects and lower your monthly mortgage payments. On the other hand, the bankruptcy may ruin any chances of securing a low rate. In this instance, a refinancing ... more...

Debt Consolidation Refi Loans - Eliminate Debt with a Mortgage Refinancing
Refinancing your home loan can be worthwhile for several reasons. If you purchased your current home when rates were high, refinancing for a lesser rate may actually lower your monthly payment. Moreover, refinancing your home and receiving cash at closing is another attractive feature. With ... more...

Mortgage-Refinance Loan Measurment 101 -- Evaluate Your Own Ability to Pay
We live in a society where people are losing their homes at an alarmingly high rate. There are several reasons for this, but one could certainly be avoided -- buying a house that creates a loan that is too large for you to handle. This article will examine how to decide your loan size -- whether ... more...

Return to previous page