What are the benefits of refinancing my home?

Answer A borrower can refinance his mortgage to adjust terms and rate, or he can use the equity in the home to pay other debts and receive extra cash at the closing table.SignificanceRefinance is the term... Read More »

Top Q&A For: What are the benefits of refinancing my home

What are the benefits of a va loan when refinancing?

A Veterans Administration (VA) loan is a type of mortgage available to active military and veterans. A VA refinance allows a veteran to refinance his VA loan to lower the interest rate, change the ... Read More »

What are the benefits of refinancing a mortgage?

When a borrower refinances his mortgage, he repays the original debt with a new loan. The new loan will have a different term and rate, and sometimes, a different loan amount.SignificanceA mortgage... Read More »

Is taking out a home equity loan or refinancing a home better?

On One Hand: Cash-Out RefinanceA cash-out refinance is best if interest rates have fallen since you took out your mortgage. The cash-out refinance will lower the interest rate on the entirety of yo... Read More »

When refinancing a home will they ask you to make repairs on the home?

not usually...if they require an appraisal for the new loanthey will come out and appraise the home and they will value it as it is