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Yes, typically the refinance rates are higher than rates for a regular purchase loan. Situations vary greatly, so it's best to contact a lender to learn your best options.

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Q: Are refinance rates higher than rates for a regular purchase loan?
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Related questions

Do auto refinance loans generally come with high interest rates and how do I qualify for one?

Auto refinance loans do typically have higher interest rates than new purchase loans. You can get refinance loan from many major banks and credit unions.


How do the rates for a jumbo refinance differ from a regular mortgage?

The biggest difference in a jumbo refinanced mortgage is that, as the name implies, it is larger than a regular mortgage. Typically lenders want a higher down payment and the rates are usually a bit higher with a jumbo loan because of closing costs incurred.


Where can we get a car loan rates quotes for free?

I recommend roadloans.com. The site allows you to get new and used purchase loans, Refinance loans, a loan for a purchase for an individual, and a cash-back refinance loan.


Why do title insurance company's ask if a new title insurance request ask if it is a refinance?

Title insurance rates vary depending on if the transaction is a purchase or a refinance


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.


Does California Refinance have competitive rates?

California Refinance does have competitive rates. This company offers interest rates that are similar to other companies that also offer refinance options.


What are the lowest refinance mortgage rates?

The lowest mortgage refinance rates are currently around 2 percent.


Can you re-finance your reverse mortgage?

yes, you can refinance it to a regular mortgage, or if interest rates are lower you can streamline it to a new reverse mortgage.


Where can one find information on the best rates for refinance loans?

You can find information on the best rates for refinance loans at the Zillow website. Once on the page, hover over "Mortgage rates" in the top navigation menu and click on "Refinance" to bring up the tool to locate the best refinance rates available.


When can you refinance a mortgage after purchase?

Yes! It is common to do so when your credit gets better or rates go down at least a full point.


Where can refinance rates in Virginia be found?

You can find refinance rates for Virginia online on the website of Bankrate. You can also find refinance rates for Virginia online at Zillow. Zillow has 12 different ways you can sort the different mortgage rates to see which one is best for you.


Where is the USF library located?

There are many online sources of information about refinance rates. The website Bankrate is a comprehensive resource for current mortgage refinance rates. Individual banks, such as Bank of America or Chase, include information about refinance rates on their websites.