Refinancing may refer to the replacement of an existing debt obligation with
another debt ... If high-interest debt, such as credit card debt, is consolidated into
the home mortgage, the borrower is...
Refinancing your home 101. Educate yourself on what refinancing can and
cannot do for you.
Aug 12, 2009 ... One alternative to refinancing your existing home loan is to instead take out a
second mortgage, often in the form of a home equity line of credit.
Oct 23, 2016 ... To refinance your home means to replace your current mortgage loan with a new
one. Refinances are common whether current mortgage rates ...
Whatever the reasons, mortgage refinance activity has exploded in recent weeks.
... who want to refinance yet still hope they'll someday own their home free and ...
Explain Refinancing. What is refinancing? In 2007, the average single family
home in America cost $266,200. According to the Census bureau, the median ...
Sep 3, 2016 ... Shorten your loan term: you can also refinance into a shorter term loan. For
example, you might have a 30-year home loan, but that loan can be ...
A good way to explain refinancing a mortgage is to look at the key steps ... Get a
lower interest rate; Get a different type of loan; Draw equity out of a home ...
Companies or individuals refinancing loans may have to pay a penalty or fee.
Next Up ... The process of creating a home loan or mortgage. During the ...
May 26, 2016 ... For that 30-year fixed-rate mortgage on a $100,000 home, refinancing from 9% to
$5.5% cuts the term in half to 15 years, with only a slight ...