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Home Refinance Book Homepage
Reliable Home Refinance information
Which is better to refinance mortgage when value of house if lower or higher?
We are currently on a 5.5 % Fixed rate on our Mortgage. We purchased our house last year for 195,000. I believe the worth of our house is around 150, 000. Some people tell me it's better to refinance it when the value of the house is lower than your purchase price. Some people told me it's better to refinance when the value of the house goes higher, so you can get money in your pocket for the difference. I still do not understand which is right. Of course, we also want to get a lower rate, but my main question is when? When House value is lower or higher? Please help me understand. Thanks
Best bank to refinance mortgage?
what would be the best bak of choice to refinance my mortgage?
I got a Good Faith Estimate from my refinance mortgage lending company and there are Title search, title?
insurance, Title Exam and Miscellaneou Title fees. These expenses I already paid since I bought the home 2 years ago so do I need to pay again now just for refinance? Please advise, thank you. And what is the best rate now for the 15 years fixed?
Where can I get table that compares regular mortgage vs consolidated refinance mortgage?
Is it possible to refinance mortgage with poor credit?
Is it wise to refinance mortgage every few years?
I was just thinking, our mortgage is $450k and we are paying a variable interest rate of 5.59 %.We are 3 years into a 30 year loan and have paid it down to $392k.Does it make sense to refinance the mortgage every few years, ie when it gets to say, $350k, refinance & go get a new loan for $350k because the monthly minimum repayments will be much lower, and then again at say, $250k, $150k etc etc.Obviously we would keep paying as much as we could afford per month ie more than the minimum and get it paid off quicker.I hope this question makes sense
Should i refinance mortgage of home equity loan first?
i need to move out of state and buy a home i will have to get a home equity loan for the down payment. i am having trouble selling my present home so i need to rent it out. but i want to refinace for a lower interset rate
Where to find the current refinance mortgage rate?
Hello all,I was told to check CBOE Interest Rate 10 Year T No TNX finance.yahoo.com echarts?s TNX Interactive symbol TNX range 3mto see the current mortage trend.Here is my question,when the CBOE rate decreases, our refinance mortgage rate doesn't necessarily decrease. for example, today's CBOE rate is very low, and my lender just told us the refinance rate is 3.875 % which is higher than 3.75 % last week. While last week, the CBOE rate is higher than today's CBOE's rate.So is there a more related index I can depend on so that I know when the refinance rate goes down?Thank you
Anyone know of refinance mortgage rates of 4.5% or -?
Colorado Resident.Thanks
I don't understand why banks allow you to refinance mortgages?
Why would they allow someone to move to another underwriter, or themselves, at a lower rate? I understand the new underwriter buys the debt from them, but why would they lose out on a higher interest rate deal e.g., they have you under contract for 9 % and you refinance for 4 % .When you say " fees" you mean the mortgagee me pays lots of fees up front to my original bank? Or you mean the new refinancer pays the original bank the fees so they get money upfront?So there is a legal rule that says banks MUST allow someone to pay off the entire outstanding balance if they have the cash?
Can I pay off my credit cards with a refinance mortgage loan?
When is the best time to get the lowest refinance mortgage rates?
What Are The Tips About When Not To Refinance Mortgage?
What are the helpful guidelines that can guide a person about when not to refinance mortgage. I want details of when not to refinance mortgage, because of lots of demerits of refinancing the mortgage at inappropriate time.
Should i roll closing costs into refinanced mortgage or pay up front?
I have the option to refinance my mortgage at 4 % and roll closing costs about 3k into the new mortgage OR pay same costs up front and have a 3.75 % rate. Is there a benefit to one or the other. If I am planning to move in less than 5 years is there a benefit to one or the other? The refi saves about $200 mo in mortgage costs for my situation.
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