What is a Making Home Affordable refinance?

Answer If you are in financial trouble, you may need to refinance your mortgage to avoid foreclosure. The Making Home Affordable program is a government-sponsored program that will allow you to refinance ... Read More »

Top Q&A For: What is a Making Home Affordable refinance

How to Qualify for an Affordable Home Refinance?

Refinancing your home can decrease the interest rate on your mortgage. This will decrease your monthly payments and decrease the amount you owe on the loan. Refinancing also allows homeowners to ... Read More »

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 »

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 »

What does it mean to underwrite a home refinance?

Underwriting a home refinance is the way a bank or other financial lender assesses the eligibility and potential risk of allowing a customer to rework the terms of a home mortgage.References:Wiscon... Read More »