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What exactly is a refinance real estate loan?

Updated: 8/20/2019
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10y ago

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A refinance real estate loan, is a mortage loan that is refinanced with new terms that may include different interest rates, variable or fixed rates, and length of mortgage.

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Q: What exactly is a refinance real estate loan?
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Related questions

How can one refinance real estate?

A person can refinance real estate by making an appointment with a mortgage broker, or a loan expert from a bank. Before refinancing, take some things into consideration such as the total cost, the tax, monthly, and net savings.


Is it possible to get a direct SBA loan to refinance an existing real estate debt close to 1 million dollars?

apparently not


What is a type of loan that is used to buy real estate?

A loan used to buy real estate is a mortgage.


Is mortgage better than a loan?

A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.


Can you refinance a car loan after the car has been totaled and repossessed to get lower payments?

NO. You no longer have collateral to secure the loan. Unless you are willing to use real estate or another vehicle that is fully paid off and owned for security.


Is a mortgage considered a bond type security?

No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.


What do loan proceeds cover in real estate?

What are loan proceeds


What is meant by a mortgage?

A mortgage is a loan with your real estate as security for the loan. If you fail to make regular repayments of the loan the lender can take possession of the real estate and sell it to repay the loan.


What banks offer loans for real estate?

Bank of America offers real estate loans starting at $25,000 and up, that can be used to construct, purchase, refinance or expand a business. U.S. Bank also offers real estate loans up to $5 million to purchase or refinance a business.


What are some loan refinancing places?

Try mortgageloansplace.com. I once needed to refinance my house also and checked there first to what they had to offer. But if you want more information call your local real estate firm.


Are real estate agents involved in the refinance of property?

no, only the your mortgage broker at the bank or whoever you have your loan with. once the sale is complete on the home and you own it, the real estate agents job is done. You can also seek help from HUD accredited consultants or agencies in the process of refinancing your property.


How do you buy out a spouse's mortgage?

You must pay off the mortgage and refinance. As part of the transaction your spouse must convey their interest in the real estate to you then you can refinance in your own name providing you qualify according to to the lenders requirements.You must pay off the mortgage and refinance. As part of the transaction your spouse must convey their interest in the real estate to you then you can refinance in your own name providing you qualify according to to the lenders requirements.You must pay off the mortgage and refinance. As part of the transaction your spouse must convey their interest in the real estate to you then you can refinance in your own name providing you qualify according to to the lenders requirements.You must pay off the mortgage and refinance. As part of the transaction your spouse must convey their interest in the real estate to you then you can refinance in your own name providing you qualify according to to the lenders requirements.