How often do people refinance their mortgages?

Answer Refinancing your mortgage can often have significant financial benefit, decreasing monthly payments and saving money on interest paid. The key to a beneficial refinance is timing. The frequency wit... Read More »

Top Q&A For: How often do people refinance their mortgages

How often do people refinance their homes?

When mortgage interest rates are low, homeowners tend to refinance their mortgage loans more often. This became an issue in the early 2000s; Fannie Mae in 2003, instituted a policy forbidding homeo... Read More »

How to Refinance Home Mortgages for People With Bankruptcy?

Contrary to belief, getting a mortgage while in bankruptcy or shortly after one is discharged is possible. If you are a loan officer seeking ways to refinance your bankruptcy clients, there are sev... Read More »

Can you refinance second mortgages?

Technically, any loan not used to purchase the property is a refinance. Many lenders and banks will refinance a second mortgage as long the borrower’s finances and the loan meet their guidelines.... Read More »

How to Refinance Upside-Down Home Mortgages?

It's wise for homeowners to take advantage of lower interest rates and refinance their mortgage loans. Regrettably, if you're upside down on your home loan (owe more than the property's worth), get... Read More »