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Some reasons for refinancing a mortgage is lowering mortgage rate, change in family composition, purchasing other properties for investment and switching the mortgage type from Adjustable-Rate Mortgage (ARM) to a fixed-rate mortgage.

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Q: What are some reasons to refinance a home mortgage?
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What are the reasons to do a mortgage refinance?

Some of the reasons for a mortgage refinance would be lower rates, to get additional money to eventually buy a home somewhere else or even to consolidate two mortgages.


What are home refinance options for one's mortgage?

There are many different home refinance options for one's mortgage. Some of the home refinance options for one's mortgage are: refinancing one's home through a bank, and doing the same online.


Which banks offer a mortgage for home refinance?

There are a wide variety of banks which offer a home mortgage refinance. Some banks that offer refinancing of home mortgage loans include Bank of America, Sun Trust, and Wells Fargo.


Where can one get help with their mortgage payment?

You might be able to refinance your home. This means lower mortgage payments every month. There are some programs like Home Affordable Refinance Program (HARP) that can help you refinance if you can't due to a low value of your home.


Where can one find information to refinance a home mortgage in California?

One can find information on a home mortgage refinance in California through various methods. The best way to find information on refinancing a mortgage is to contact a bank or lender that offers mortgage refinance. Some banks one can contact include Bank of America or Lending Tree.


What are the benefits of refinancing your home if you have already paid off over half of the mortgage?

Some home owners with mortgages choose to refinance their home loans to lower their monthly payment and to manage their credit. You can also refinance in order to use some of your home's equity.


Where can one find mortgage refinance information?

A person may find mortgage refinance information at a bank or mortgaging office as well as online. Some websites that offer mortgage refinance information include bankrate and realtor.


What are some lenders that offer home loans?

I heard Ditech offers low mortgage rates on purchase or refinance home loans, your payments won't change after you refinance or buy a home, no matter how much rates fluctuate.


How can a person get a refinance mortgage?

An individual can get a refinance mortgage on their house by applying from one. Not everyone would be accepted though because their are some qualifications.


What are the advantages of equity refinance?

Some advantages of using equity to refinance is that one can take a small amount from their equity to pay off other bills or to refinance ones mortgage. One can also use ones home equity to make home improvements.


Does the current mortgage usually refinance the existing mortgage?

Not necessarily. That must be in the arrangements made when you apply for the loan. Some people refinance to pay off the first mortgage. Some people take out second or third mortgages to get more money for personal use or home improvements.Not necessarily. That must be in the arrangements made when you apply for the loan. Some people refinance to pay off the first mortgage. Some people take out second or third mortgages to get more money for personal use or home improvements.Not necessarily. That must be in the arrangements made when you apply for the loan. Some people refinance to pay off the first mortgage. Some people take out second or third mortgages to get more money for personal use or home improvements.Not necessarily. That must be in the arrangements made when you apply for the loan. Some people refinance to pay off the first mortgage. Some people take out second or third mortgages to get more money for personal use or home improvements.


How often can you refinance your home mortgage?

You can refinance your mortgage as often as you like but it could become very costly. There are seasoning issues with some banks if you have not owned your property for atleast a year but after that you're good to go. I just refinance in January, however the cash I pull out was not enough, can i refiance again in February