Did you know that Refinancing your home mortgage can really save you money?
You might be able to pay less interest, lower your monthly payment,
or convert a 30-year loan to a 15-year loan, building your home's equity much faster.
Refinance Both Your Mortgage and Home Equity Loan:
if you have a mortgage loan and a home equity loan,
you can refinance both loans and get a single loan and a single monthly payment.
MORTGAGE REFINANCING  If you are a homeowner who was lucky enough to buy when mortgage rates were low, you may have no interest in refinancing your present loan. But perhaps you bought your home when rates were higher. Perhaps you have an adjustable-rate or ARM loan and would like to obtain different terms. Or you may want to draw on the equity built up in your home to get cash for a major purchase, pay-off debts or for your children's education. If you have an adjustable rate mortgage coming due or your interest rate is already too high, you owe it to yourself to look at your refinancing options. Homeowners should refinance now to lock in low rates and lower monthly mortgage payments. |
REFINANCING NEWS Fannie Mae CEO Sees Refinance Wave The Fed cut rates by the most in more than two decades last week. "It will help existing borrowers by lowering their monthly payment," the chief executive of Fannie Mae said. "The rate cut could thus help a cohort of homeowners to avoid default." Lower rates spur rush to refinance mortgages The rush to refinance could get a further boost from the government's tentative economic stimulus package. Mortgage refinancing offers hope of stability It’s possible that an upsurge in demand for mortgage refinancing credit may run into a limited supply. Bad economy is good for some homeowners If you have a mortgage at 6.75, 7.0, or 7.5 percent rate, this could be a good time to refinance. Mortgage rates are again below 6 percent. A year ago, interest rates were around 6.3 percent. Those rates have dropped and more homeowners are now thinking about refinancing. |  Refinance Mortgage Debt Consolidation Refinance Cashout Refinance Home Equity |
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