answersLogoWhite

0

When is it a good idea to refinance your home?

Updated: 9/10/2019
User Avatar

Wiki User

14y ago

Best Answer

When your interest rate will go down, when your house is worth more then you paid for it or when your remodeling or updating your house.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: When is it a good idea to refinance your home?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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.


How can you refinance your home for a mortgage?

In order to refinance your home, you should look for a reputable mortgage broker. Work with the broker to find a good plan to refinance you home by looking at you current mortgage.


A good reason to refinance your home is to:?

lower your monthly payment.


Is it legal to refinance a home in VA?

Yes. It is legal to refinance a home in VA. The purpose of refinancing is to repay your old loan with a new one. It might be a great idea for someone looking to file bankrupcy.


Does Wells Fargo bank offer a home mortgage refinance at a reasonable interest rate?

They do offer home mortgage refinance. How good your rate is will be determined upon you current situation. It may be good and it may be bad.


Where I can get a good home refinance calculator?

Quickbooks is a good place to find a refinance calculator if you already have this purchased. If not here are a few links of websites where some could be found. www.mortgage-calc.com/ www.calculators4mortgages.com/


What is a good rule of thumb for mortgage refinancing?

Sit down with your lender to review the options and determine if a refinance is a good idea for you at this time. You'll consider the closing costs, etc. and then weigh that against the monthly difference in the payments. This refinance calculator can help, too: http://www.mortgage101.com/refinance-calculator


Using Home Refinance Calculators to Save Money?

If you're looking to refinance your home, you may not have any idea where to start when looking for a better deal or rate? What rate should you be looking for? Questions like this come up, and many people are at a loss to come up with an answer for them. When you use home refinance calculators, you are able to get a generalized understanding of what your options are, and these options will often save you a load of time and money in the long run. There are a number of free home refinance calculators that are easily available online.


What steps do I need to take to refinance my home?

This is the website that I found most helpful when looking for information on What steps do I need to take to refinance my home here is the website www.bills.com/refinance-my-home/ - Cached


What is a no cost refinance used to do?

There is a myth surrounding the idea of "No Cost Refinance." The Forbes website notes that there are always costs associated when one chooses to refinance.


Does Royal Bank of Canada offer home refinance services?

If you are a Canadian resident, you may be wondering if the Royal Bank of Canada offers home refinance services. They are an excellent resource for home refinance services.


What are home refinance options for one's mortgage?

There are many different home refinance options for one's mortgage. Some of the home refinance options for one's mortgage are: refinancing one's home through a bank, and doing the same online.