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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 Should You Choose to Refinance? Refinancing Your Auto Loan Best Refinance Mortgage Rate - Improve Your Odds of Getting a Low Rate The Question: Refinance Mortgage or Not? Refinance Your Mortgage - You Could Save Thousands Or More Dollars Over Time Poor Credit Mortgage Refinance Getting Approved Poor Credit Mortgage Refinance - Getting Approved 3 Things To Look For In A Mortgage Refinance Lender Online Why You Should Refinance Your House Online Mortgage Refinancing Get It Sorted and Save
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