What is Refinancing

To refinance a home, you replace your existing mortgage with a new mortgage with better conditions. Check out our tips to see if a refinance is best for you and your family.

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Basics

Should you?

Basics

Refinancing a mortgage replaces an existing mortgage loan with a new one. The terms or characteristics of the new loan should enhance your financial status... read more >

The Importance of a Pre-Approval Letter in the Home-Buying Process

A crucial document that may significantly influence the home-buying process is a pre-approval letter. It is a statement from a lender confirming...

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Should you?

Refinancing enables you to modify the terms of your mortgage to get a lower monthly payment, alter your loan terms, consolidate debt, or even withdraw cash from your home's equity to pay for expenses or home improvements. The advantages of refinancing your mortgage include a reduced annual percentage rate (APR) and a lower monthly payment. a shorter payback period. the power to withdraw stock for other purposes... read more >

Refinancing Your ARM Just Before It Resets

Resetting ARMs to Their Highest Rate Since 2008 Your adjustable-rate mortgage (ARM) may soon change. You might not choose to permit that. At current...

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