Refinancing Right - Everything you need to know about refinancing.

Homeowners with a home equity line of credit, a home equity loan, or a second mortgage may want to refinance one or both of those mortgage loans to reduce their monthly payments, switch to a fixed-rate loan, or shorten the length of the loan. Today’s tightened credit standards mean that lenders may be less inclined [...]

The decision to refinance a home loan should be based on individual circumstances, not necessarily this week’s mortgage rate. Homeowners should review their finances and develop a budget annually that reflects their goals. Gathering refinancing information should be part of that process.
Reasons to Consider Mortgage Refinancing
Determining why you want a home refinance is an important [...]

Refinancing your home to a better interest rate may save you lots of money over time, but many homeowners struggle with how to pay the upfront fees. One solution is a no-cost refinance–a term that refers to a number of ways the closing costs can be bundled into your refinance loan. While no-cost refinancing options [...]

The Home Affordable Refinance Program, or HARP, was created to let creditworthy homeowners who have too little equity to get a home loan through normal channels refinance to the best available mortgage rates. To qualify, you don’t have to demonstrate a financial hardship–in fact you should not be in default on your mortgage. To refinance [...]

The best debt solution for your circumstances depends on a number of things like your income and expenses, your outstanding balances, your employment, and residential status.A debt management plan is an informal debt solution that may also involve budgeting and debt consolidation. The best debt management involves counseling and learning budgeting skills, so that you [...]

A traditional refinance, a Home Affordable Refinance Program (HARP) refinance, a Home Affordable Modification Program (HAMP), or a non-government modification–these are all options for improving your mortgage interest rate. But which is right for you? The HAMP program offers the best deal if you qualify–think of it as a refinance with a rate as low [...]

In the past, applicants for refinances or property purchases who didn’t have an arsenal of credit cards, car loans, or mortgages were able to get approved for home loans anyway–the lack of trade lines on their credit reports just meant that a special credit report had to be created from rental histories, utility payments, and [...]