Refinancing Right - Everything you need to know about refinancing.

When comparing refinancing information from one lender to another, consumers usually evaluate the interest rate and loan type. But home loan borrowers should ask each lender for an estimate of the fees they need to pay when refinancing a mortgage. Many lenders offer an estimate of closing costs before they provide the official document known [...]

Mortgage applicants, particularly when they are buying their first home, often choose to celebrate their excitement over the home loan approval and home purchase by rushing out to buy new furniture or sometimes even a new car to go along with the new home. In today’s tightened credit atmosphere, it is best to rein in [...]

While the goal for many homeowners when refinancing a home is to lower their monthly payments, some borrowers forget that there is a cost to refinancing. Many lenders allow borrowers to wrap closing costs and fees into the new home loan, but this typically adds to the principal balance. Make sure you take the time [...]

Some economists predicted that mortgage rates would be higher by now compared to last year, but low interest rates continue to tempt homeowners to refinance. Deciding whether the time is right to apply for a mortgage refinance depends on three factors:

How long you plan to stay in your home. If you know you will be [...]

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 [...]

Borrowers who took out adjustable rate mortgages three or four years ago have seen their loan rates move with financial indexes to about 3%. However, with analysts predicting that rates on mortgage loans of all types should increase in the coming years, even happily ARMed homeowners are contemplating a switch to a fixed-rate mortgage, according [...]

Are you sick of all the advertisements proclaiming that interest rates are under 5%, when you can’t get anything lower than 6.5%? Jumbo lenders feel your pain, and there may be a way around it.
Your Big Fat Mortgage Refinance

What can you do to get a lower interest rate today on a jumbo mortgage?
First, look up [...]