You like the idea of lowering your mortgage loan's interest rate through a refinance.But you're not thrilled with having to provide the piles of paperwork that lenders need to verify your income, employment status and financial assets.
Your home equity loan or home equity line of credit could dash your dreams of reducing your monthly mortgage payment through a refinance.Blame a complicated mortgage-lending quirk known as resubordination.
Applications for mortgage refinancing[[sitetree_link,id=13]] have been dwindling as rates have risen in recent months.But if you haven't been able to refinance yet, those higher rates might represent an opportunity.
Refinancing a 30-year fixed home loan to a 15-year loan can help homeowners own their home outright sooner, but it can also lead to an advantage they may enjoy just as much: saving thousands of dollars.
Mortgage refinance demand picked up this week, with applications for new loans up by a seasonally adjusted 4 percent over the week before, according to today's figures from the Mortgage Bankers Association (MBA).
The changes to the tax laws at the end of 2017 eliminated a lot of deductions, but you may still be able to deduct the interest paid on funds borrowed through a cash-out refinance for home improvements.