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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 Mortgage Rate Calculators - Valuable Tools For Getting The Best Loan Refinance Mortgage Rate and Mortgage Rates Home Loan Refinancing - Why When And Where? Building Wealth When Refinancing Your Home Loan How to Get a Low Refinance Rate When Refinancing Your Home Mortgage Loan Auto Refinancing and Car Loan Guide Refinancing Your House Mortgage - 3 Reasons to Refinance While Rates are Low Should I Refinance My Home? Refinancing Your Mortgage Can Open Up A Lot Of Options For You And Your Family Reasons to Refinance When Rates Are Moving Up
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