What are the guidelines for refinancing your home?

Answer To refinance a home, a borrower must meet certain requirements. These vary based upon the type of loan chosen, whether it is a conventional or a government loan.SignificanceLoan guidelines help a l... Read More »

Top Q&A For: What are the guidelines for refinancing your home

What does refinancing your home do?

When you refinance your home you are restructuring the terms and conditions of your mortgage loan. Most people refinance to receive more favorable terms and save money.SignificanceRefinancing can h... Read More »

What Can You Write Off When Refinancing Your Home?

Taking a deduction for discount points is the only cost from refinancing your home that the Internal Revenue Service permits. Discount points reduce the interest rate on the loan in exchange for an... Read More »

When Refinancing Your Home What If It Doesn't Appraise?

Homeowners may be able to save a lot of money by refinancing their mortgage, but they must meet the requirements set up by their lender. The basic requirements include getting an appraisal of their... Read More »

What is the biggest drawback of refinancing your home mortgage?

The biggest drawback of refinancing your home mortgage is the closing costs that you have to pay as part of issuing the new loan.Why Refinance?People usually refinance their home mortgage to take a... Read More »