How soon can you refinance[https://www.mortgageloan.com/refinance-mortgage] your mortgage after taking out your existing loan? With interest rates scraping along near historic lows, it's a question many homeowners who've bought or refinanced in the last couple years are asking themselves.
What can refinancing a mortgage do for you? Although saving money is the obvious answer, there are a lot of ways to do that, depending on what your personal goals are, and various options for doing so.
A proposal put forward by federal regulators to define "safe" mortgages would raise refinancing costs for half the nation's homeowners with home loans, a coalition of industry and other advocacy groups has said.
How can you find out what your home is worth? If you're looking to refinance your mortgage, it's a critical piece of information, particularly if you're not sure where you stand in terms of equity in the property.
The government's Home Affordable Refinance Program (HARP) posted its second-strongest quarter on record during the first three months of the year, enabling 130,000 homeowners with limited or no equity to refinance their mortgages.