When is a good time to refinance a mortgage?

Answer On One Hand: When Rates Drop at Least 1 PercentWhen interest rates drop at least 1 full percentage point from the borrower's current mortgage interest rate, a borrower should look into a mortgage r... Read More »

Top Q&A For: When is a good time to refinance a mortgage

When is a good time to refinance your home?

Mortgage refinancing is a process where a homeowner allows a lender to buy out his current mortgage in order to offer him a new loan with different terms. Because home mortgages are the largest sou... 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 »

What happens when you refinance a mortgage?

Refinancing a mortgage is when homeowners replace their existing loans with one that is more favorable to them. Ideally, the longer you plan to live in your home, the more sense it will make to ref... Read More »

Is there a rule of thumb for when to refinance a mortgage?

There is no hard and fast rule that dictates when homeowners should refinance their mortgages. Lower interest rates, a different type of mortgage loan and debt consolidation are all valid reasons f... Read More »