Question

 How do I adjust the principal when refinancing a mortgage?

Answer Determine the amount of principal you would like to add to or subtract from your mortgage loan balance. Inform your lender of your decision prior to locking in your interest rate for refinancing. P... Read More »
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Top Q&A For: How do I adjust the principal when refinancing ...

How do I adjust the principal on a mortgage?

Speak with your mortgage company about the appropriate ways extra payments may be made on your principal. Lenders vary in how they apply an extra payment to the principal. Therefore, speaking with ... Read More »
http://www.answerbag.com/q_view/2109870

When refinancing a mortgage what charges are considered points for tax purposes?

Points that you pay as part of the closing costs of your mortgage represent fees to reduce the interest rate on your home and may allow you to take claim a deduction on your income taxes. However, ... Read More »
http://www.answerbag.com/q_view/1915602

Can you refinance a primary mortgage without refinancing a second mortgage?

It is possible to refinance a primary mortgage without refinancing a second mortgage by subordinating the second mortgage. Subordinating a second mortgage means you are filing a document so that th... Read More »
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When do banks adjust mortgage rates?

Mortgage financing grants entry into real estate. Mortgage interest rates affect housing demand because most homebuyers lack the resources to pay cash. Familiarize yourself with interest rate trend... Read More »
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