When is a good time to refinance your home?

Answer 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 »

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

When is a good time to refinance a mortgage?

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 »

When do you refinance your home?

According to, home refinancing is optimal if you currently have an adjustable rate mortgage, the going interest rate is one point below your current rate, your debt to income ratio i... Read More »

When can I refinance my new home?

Most mortgage loan terms allow refinancing whenever the homeowners choose, even in a new home. Lenders recommend refinancing only for a lower interest rate, or to extend the life of the loan. Prepa... Read More »

When is it a good time to take out a home equity loan?

On One Hand: Anytime is Good for Safe InvestmentsYou should be conservative when taking out a home equity loan. One good use of the money is for home improvements, because then the money will make ... Read More »