When low mortgage rates are everywhere, it might seem like a good time to refinance. Make sure you are doing it for the right reasons.
Refinancing could save you money on your monthly mortgage payment and over the long term if you get a lower interest rate. Here's how to know when the time is right to refinance.
Learn when the right time to refinance your mortgage is based on current market conditions, your financial situation, and average refinancing costs.
your mortgage. Whether you’re looking to tap into your home’s equity, shorten your home... If you plan to refinance a mortgage, it’s important to consider both your short-term and...
Refinancing your mortgage could be a good idea if it will save you money or make paying your monthly bills easier. Some experts say you should only refinance when you can lower your interest rate, shorten your loan term or both—but those aren’t the only reasons. For example, you might need short-term relief from a lower monthly payment, even if it means starting over with a new 30-year loan. Refinancing could also help you access the equity in your home or get rid of a loan backed by the Federal Housing Administration (FHA) along with its m ...
Should I refinance my mortgage? ; Debt consolidation. Merge higher interest debts into one manageable payment with a lower interest rate. ; Home renovations. Get the money you need to renovate or make repairs. ; Investing. Take advantage of an investing opportunity (speak to your tax advisor first).
There are many reasons to refinance your home, but they usually boil down to one key goal: saving money. You might be trying to lower your monthly payment, pay less mortgage interest, erase high-interest debt or get rid of private mortgage insurance (PMI). Refinancing can have both short- and long-term effects on your finances—some good, some bad. We’re going to focus on four good long-term reasons to refinance your home. Why? · Because thinking only about the short-term benefits of refinancing can be costly and actually set you back in th ...
If you’re looking for a new loan type: Some borrowers refinance their mortgage to convert a fixed-rate mortgage to an adjustable-rate mortgage and vice versa. If you want to access your...
Ready to refinance your mortgage? Compare today's refinance rates from trusted lenders and see how much you can save.
Learn more about your mortgage refinancing options, view today's rates and use our refinance calculator to help find the right loan for you.