What is a rate term refinance?

Answer As the name of a rate and term refinance implies, it the refinance of a mortgage in which the interest rate and/or term is changed. This relates to home refinancing.No Cash OutThe refinance must no... Read More »

Top Q&A For: What is a rate term refinance

What Is Average FHA Refinance Rate?

Federal Housing Authority, or FHA, loans are loans made by private banks to customers and insured by the FHA against default. The U.S. Department of Housing and Urban Development administers FHA lo... Read More »

How to Refinance Long-Term Debt?

Refinancing any debt will likely incur some fees and costs. Finance companies, banks, credit unions and loan brokers make their income through these fees as well as the interest charged on the loan... Read More »

How to Refinance & Lower a Mortgage Rate?

A high-rate mortgage or an adjustable-rate home loan can increase your monthly obligation and decrease your ability to afford your home. Fortunately, mortgage rates aren't written in stone, and the... Read More »

Is it time to refinance my mortgage rate?

On One Hand: Often BeneficialConsider a number of factors that may indicate it is time to refinance your mortgage rate. If the market has changed or your credit score has improved, you should look ... Read More »