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Mortgage Professor about 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... Questions About Mortgage Refinancing November 4, 2002 "What questions about refinancing are asked most frequently?" The most common question by far is "should I refinance". Usually I can?t answer it because questioners don?t give me all the needed information. If borrowers are looking ... more... |
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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 refinance How to Refinance Your Auto Loan Online? Mortgage Refinance with Bad Credit - The Pros and Cons Refinance Your Home to Payoff Debt: Pros & Cons Refinancing Your House Mortgage - 3 Reasons to Refinance While Rates are Low Refinancing Your Home Loan? When Should You Refinance Your Home? Loan Refinance When it Comes To Refinancing Your Home, a Refi is a Refi, Right? Tips on Refinancing Your Home Doing a California Refinance Online Refinancing Your Mortgage Can Open Up A Lot Of Options For You And Your Family
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