Can you refinance your second home?

Answer Any borrower can refinance a mortgage loan, even if it is on a second home. The interest rate will be slightly higher for second residences, as opposed to primary residences. However, it is possibl... Read More »

Top Q&A For: Can you refinance your second home

How to Refinance a Home Mortgage With a Lien on the Home?

When interest rates decrease, many homeowners consider refinancing their mortgage. Refinancing reduces monthly payments, reduces the loan term or may give back some needed cash to do repairs or to ... Read More »

Do I need a job to refinance my home?

Lenders will request employment and income verification, so you will need some source of employment to refinance your house. The lender will also look at whether you can afford the cost involved in... Read More »

What does it mean to refinance your home?

Refinancing your home refers to taking out a new mortgage to pay off your old mortgage. You may want to refinance to secure a lower interest rate or to change from a fixed-rate to an adjustable-rat... Read More »

How soon can you refinance your home?

On One Hand: When Interest Rates FallYou should refinance your home mortgage when mortgage rates fall so that you can take advantage of lower rates. A lower interest rate will result in savings on ... Read More »