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I would like to refinance to get a lower interest rate. my current interest rate is 12%.?
Wiki User
∙ 15y ago
To refinance you're best bet would be to contact a mortage refinancing lawyer. Here is a firm near you're area that does refinancing Avelo Mortgage LLC * (972) 653-7000.
Wiki User
∙ 15y ago
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Why might one want to refinance a mortgage at a lower rate?
There are many reasons why someone would want to refinance a mortgage at a lower rate. The main reason to refinance at a lower rate is to pay less interest over a long period of time.
How does one compare interest rates if looking to refinance their mortgage?
The best way to compare interest rates if looking to refinance their mortgage would probably either look to you current mortgage lender and see if they are able to help or shop online for a comparison website which help you compare against what you currently have.
What is the highest interest rate allowed by law for consumers in the state of Florida?
max 18% if is more than 500.000 25%
How would someone lower the interest rate on a home equity loan?
One can lower the interest rate on a home equity loan by improving their credit score, as higher credit scores are generally eligible for lower interest rates. Once on has a better credit score, it is usually possible for them to refinance their home equity loan for a lower interest rate. However, one should weigh the consequences of this as refinancing generally includes the cost of opening a new loan.
How can you refinance a home loan if you owe more than your property is worth?
More than likely if your credit is good you can still refinance a home that is valued at less than you owe. You would have to roll the difference in what it's worth and what you owe into the new loan. This would only be beneficial if the new loan had a much lower interest rate than your current loan. You can consult a mortgage professional for further details on your options regarding the situation.
Is cash out refinance a wise choice?
A cash out refinance is a wise choice only if you can get it for a lower interest rate than your current mortgage. Otherwise, a home equity loan would be the wiser choice.
Why might one want to refinance a mortgage at a lower rate?
There are many reasons why someone would want to refinance a mortgage at a lower rate. The main reason to refinance at a lower rate is to pay less interest over a long period of time.
Where could one refinance a car loan online?
One would want to shop around on sites like e-loan and Bankrate first to get the current car refinance rate. Refinancing right now for lower interest rates can also get you a lower monthly payment. Once one has shopped around for the lowest current rate, then they can go to the site Capital One Auto Finance and refinance their car loan online.
What can you use a a refinance calculator for?
A mortgage calculator can be used to find out if it is worth it to refinance your monthly payments, if it will lower your payments and if you would save on interest and fees. By entering your data you can decide if it is worth it to refinance your home mortgage.
Why would anyone want to refinance their car?
There are definitely benefits in refinancing your vehicle. The main benefit, provided the interest rate is lower than the original financed interest rate, is that the monthly repayments will lower considerably.
I want to refinance my student loan.?
The best way to lower your payments and interest rates would be to consolidate your loans. You can do this by visiting http://www.loanconsolidation.ed.gov/.
How does one compare interest rates if looking to refinance their mortgage?
The best way to compare interest rates if looking to refinance their mortgage would probably either look to you current mortgage lender and see if they are able to help or shop online for a comparison website which help you compare against what you currently have.
How can I refinance my auto loan?
I would go to the place you got your loan from and see if they can refinance it to save you on internet. If you cannot get a lower rate from them, I would look at other loan places to find a lower rate.
Under which situations would refinancing a home be a good idea?
The best time to refinance a home is when the interest rate is low. Now is actually a great time to refinance if you can get a low interest rate.
Can you refinance your mortgage while it's in foreclosure?
If you are in foreclosure it will be very hard to refinance out of it. If you are able to get current I would say there's a chance if your loan makes sense. You could possibly however get something called a, hard money loan, but the interest rate would be very high and you would have to pay a lot of money up front. If you are in foreclosure, I would try and short sale the property or become current.
What is the highest interest rate allowed by law for consumers in the state of Florida?
max 18% if is more than 500.000 25%
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.
