Home Equity and Refinancing

What is refinancing?

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Answered 2009-02-02 09:30:07

Refinancing a loan means that you are essentially paying off your mortgage with a new loan. Refinancing is often used to change your loan from an adjustable to a fixed rate and can be a way to lower your monthly payments or take cash out of your home's equity. The process of refinancing is very similar to getting your original mortgage.

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Answered 2011-08-08 18:34:27

Paying off of an existing mortgage loan obligation by extending or renewing existing financing or taking on a new loan obligation under different terms.

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Related Questions

What are some FHA refinancing options for homeowners?

There are a number of FHA refinancing options for homeowners. These include cash out refinancing and streamline refinancing which allows you to reduce the interest on your home quickly.

Where can one find mortgage refinancing in Jacksonville?

Mortgage refinancing in Jacksonville can be done at any local bank. Refinancing can also be done at mortgage refinancing specific places such as Jacksonville Mortgage and American Equity Mortgage.

How do I go about refinancing my mortgage?

Refinancing is something you should research to make sure it will benefit you. The best thing to do is talk to you lender to see if you will benefit from refinancing.

Where would someone seek advice on refinancing?

While there are lots of places out there to get free quotes on refinancing, it is best to talk to your bank or a mortgage expert if you are planning on refinancing your home. Your bank can give you great advice if you are refinancing your auto loan.

What exactly is California refinancing?

California refinancing is mortgage rates that are only in California. You can contact banks and financial institutions there for their rates on refinancing your mortgage for your home or business.

How can I lower my mortgage through refinancing?

Mortgage refinancing is a good way to lower your mortgage. Refinancing brings your payments down by finding a better loan. Refinancing allows you to have lower monthly payments which will allow you to pay off your loan faster.

What websites have refinancing calculator tools?

Many websites have refinancing calculator tools. Consult with an economic advisor to find the best refinancing calculator for you. Or look at bank websites.

Where can you go for online loan refinancing?

There are lots of online resources for loan refinancing. The most famous are e-Loan and Lending Tree. Just google for 'online loan refinancing'.

Where can you find refinancing companies in California?

You can look for mortgage companies that offer refinancing. Also another option would be to look at banks and see if they offer refinancing and what their rates are like.

What website will give me information regarding the best refinancing of my home?

This website: is a good place to compare refinancing companies, see what others think, and they even provide links that you can use to gather more information and apply for refinancing.

What are the sites with the info on California refinancing options?

The sites with the California refinancing options are banks & refinance companies & are sites with ways useful to complete these activities for people that seek refinancing options.

Where can I get information about college loan refinancing?

Financial websites are a good source of information regarding refinancing of college loans, you could also speak to your college adviser about refinancing and where they would recommend.

Where might one find a refinancing calculator?

One can find a refinancing calculator at a number of different online resources. One can find a refinancing calculator on websites such as Zillow, Bankrate, and CalcXML.

Where can I learn about home refinancing rates?

One of the best places to learn and find out about home refinancing rates in your area is Erate. They publish the current mortgage rates including those for refinancing.

i have a modular home inapark which is paid off. to apply for a loan on this home is it refinancing or a home loan?

It is refinancing not a home loan. For more information on refinancing go to web site

When is mortgage refinancing not a good idea?

Mortgage refinancing is not a good idea when you have had your mortgage for a long period of time.

Where can one find information regarding investment refinancing?

One can find information regarding investment refinancing by contacting a financial adviser. They can give one personalized information and advice on investment refinancing.

Does refinancing transfer title?


Main Refinancing Operations?


Do dealerships handle auto refinancing loans?

Some dealerships do offer auto refinancing loans. It would be to your best interest to contact several different lenders about auto refinancing before settling on your dealership.

Are there good refinancing options in Florida?

Well to be honest, there are really no good refinancing options anywhere right now. Due to the poor economy, it would be very difficult to save money by refinancing your loans.

What are the disadvantages of refinancing a home?

Some of the disadvantages to refinancing a home are the cost, loan term, equity reductions, owning less of your home when done, and the time it will take. Those are some of the disadvantages of refinancing a home.

Where can one find mortgage refinancing calculators?

One can find mortgage refinancing calculators at a website called Realtor. Other websites that one can find mortgage refinancing calculators at include Zillow and CGI.

What are the average home refinancing rates?

Home refinancing rates vary week by week depending on the economic situation of the country. Typically refinancing rates stay around 3.96 percent to 4 percent.

Where can one find information on mortgage refinance cost?

There are many sources of information on refinancing. Financial advisers would be a good option. The government has a site called Federal Serve that has a section on information about refinancing. Even the refinancing companies would be good places to look for information about the refinancing costs.