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Mortgage Professor about refinance rate: | |||||||||||||||||||||||
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... Is Now the Time to Refinance an ARM Into a FRM? April 4 , 2005 Is Refinancing Your ARM Right For You? "With interest rates expected to rise, is this not a good time to refinance my ARM into an FRM?" It may be a good time for some, not for others. The trick is to know whether it is a good time for you. The ... more... |
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refinance rate 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... Adjustable Rate Mortgage, ARM Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... |
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More about refinance rate Refinance Your 1st Mortgage Understanding Home Loan Refinancing Costs Should You Choose to Refinance? Best Refinance Mortgage Rate - Improve Your Odds of Getting a Low Rate Refinancing Mortgage Loan - Get The Lowest Interest Rate You Can When Refinancing Why Refinance Your Vehicle Loan? Mortgage Refinancing Tips Refinance Your House Get a Better Mortgage Refinance Deal than Your Local Bank Offers Refinance Benefits - Refinancing Could Save You Money
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