It happens thousands of times every month; homeowners look to refinance their current mortgage into a new loan that will put them in a better financial position. The good news for homeowners is that the refinance process is much easier than when they bought them. For one thing, you don’t have to deal with
If you’re a homeowner looking for ways to lower your monthly expenses, one of the alternatives you may be considering is refinancing your home. Interest rates are low, and reducing your rate on a large loan like a mortgage can result in significant savings. Refinancing your mortgage simply means you’re replacing your current mortgage loan
You can refinance even if your current loan is still fresh With today’s low mortgage rates, you might be thinking it’s time to refinance. Locking in a lower rate can mean huge savings over the life of your loan. But what if you just recently bought the home, or already refinanced once? Is it too soon
By now, you would think just about everyone had refinanced their mortgage to today’s historically low interest rates, but apparently not. Refinance volume drove total mortgage application activity 3.8% higher last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 63% higher than the same week one