answersLogoWhite

0


Best Answer

To refinance a loan mortgage rate in the United States, one can visit a bank branch or loan offer. Different parties will offer different terms, but typically you are offered a longer term on your mortgage in exchange for lower payments. This often results in more interest paid at the end of the term, but re-mortgaging can be beneficial to homeowners on a fixed income.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How can one refinance a loan mortgage rate in the US?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can one refinance a mortgage loan home rate?

One may refinance a rate for a home mortgage loan at BMO. The Bank of Montreal has mortgage specialists that are very helpful in helping people get the best rate for their current financial situation.


Where can one get a loan for a first and second refinance mortgage?

One can get a loan for a 1st and 2nd refinance mortgage from several places. These places include Bank Rate, Wells Fargo, Lending Tree, and Bank of America.


How would one find the best refinance mortgage rate?

The best refinance mortgage rates can be sought after from the following online resources: Quicken Loans, Mortgage Loan, Bank Rate, E Rate, Best Rate, and the Lending Tree websites.


How can one save by refinancing their mortgage?

It is best to refinance a mortgage, only if you will save at least 2% on the interest rate, or if you will significantly shorten the term of the loan. One can also save money if one converts from an adjustable rate mortgage to a fixed rate loan.


How does one apply for a home loan from Nationwide?

One can apply for a home loan from Nationwide by going to their website, selecting the loan that is applicable to them: Fixed rate mortgage, mortgage refinance or adjustable rate mortgage and apply for it, fill in the questionnaire and wait for a response from the company.


Where can one find a calculator to advise whether to refinance their loan or mortgage now?

There are many websites whereby one can find a calculator to advice whether to refinance their loan or mortgage now. These websites include "Zillow" and "Bank Rate".


What does it mean to refinance a mortgage or loan?

To refinance a mortgage or loan means to replace an existing loan with another loan. The new loan usually has better terms, such as a lower interest rate. The new loan is used to pay off the old loan, and one makes payments under the new terms.


What are the requirements for an FHA refinance loan?

An FHA refinance loan is a service offered to individuals with mortgages. It is capable of reducing one's interest rate. To be considered for this program, one's mortgage must already be FHA insured and no cash may be taken out of the mortgage.


When should one refinance their mortgage?

One could refinance their mortgage when the interest rate decreases. However, one must also think the amount they have to pay to refinance their mortgage.


Where can one find the rules for home loan mortgage refinance in the UK?

There are many different places where one can find the rules for home loan mortgage refinance in the UK. One can ask the home loan mortgage companies, or go to their official websites.


What exactly is it to refinance a home?

To refinance a home is to take out another mortgage to replace an existing one. A few reasons for doing this would be a lower interest rate, choosing a fixed-rate mortgage as opposed to a flexible rate or increasing the time you have to pay back your loan.


What are the best refinance home mortgage loan rates?

The rates for a mortgage loan vary widely depending on the loan amount, the loan type, which company one purchases from, and one's credit score. However, a rate above 4.5% is considered high, and a rate below 3.6% is considered low.