answersLogoWhite

0


Best Answer

Home mortgage refinancing has become a big business due to the downturn in the economy. With the severe drop in interest rates, it is possible to save hundreds in monthly payments, as a result, a new industry is born.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why is home mortgage refinancing such a growth business?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can a home mortgage refinancing lender be found?

If someone is interested in home mortgage refinancing, it is important to find a home mortgage refinancing lender. One can be found by going to mortgage calculator websites or mortgage review websites.


Does Chase Mortgage offer home refinancing?

Chase Mortgage does indeed offer home refinancing. They actually offer competitive mortgage rates and can be a smart approach to reducing your overall borrowing costs.


Where can one learn more on FHA mortgage refinancing?

There are many websites with information on FHA mortgage refinancing. These places are great for learning about FHA mortgage refinancing, as a person does not have to leave their home to read up on it. FHA, The Mortgage Reports, Zillow, Bank Rate, and NASDAQ all have information on FHA mortgage refinancing.


What are the benefits of refinancing your home?

Refinancing your home may give the advantage of lowering your current mortgage or reducing your monthly mortgage payments allowing you to pay off your existing mortgage quicker than anticipated.


What are the dangers of refinancing a home mortgage?

There are many dangers of refinancing a home mortgage, one of the biggest ones is the possible loss of your home and going bankrupt. Meaning that one would lose all that they own.


What services does Chase Mortgage perform?

Chase Mortgage offers home loans and refinancing for homes.


What are the pros and cons of refinancing a mortgage versus choosing a home equity loan?

The pros of refinancing a mortgage versus choosing a home equity loan is that one does not need to pay that much interest. The cons is that it is not that easy to refinance a mortgage.


What services does PNC mortgage have for its customers?

PNC Mortgage is the mortgage services division of PNC Bank. They offer home mortgages, mortgage refinancing, and home equity loans,


What is the difference between refinancing and a second mortgage?

Refinancing is re-assessing the terms of your current mortgage. You are capable of refinancing any loan at any time whether it is a home, auto or personal loan. A second mortgage is a mortgage in addition to your primary note. If you obtain a second mortgage you will be liable to pay two monthly mortgage payments.


Where can find equity home loan mortgage refinancing in Houston?

One can find equity home loan mortgage refinancing in Houston at the following places: Loan Star Financing, TexasLending and even at Houston Home Loan.


Where can one find information on refinancing the home mortgage equity loan?

The Federal Reserve website offers a consumer's guide to mortgage refinancing. Some bank websites, such as University Credit Union for example, offer information on the advantages and disadvantages of refinancing vs. home mortgage equity loans in particular.


Where can one learn more about refinancing their mortgage and home loan?

There are a number of financial websites where one can learn about refinancing their mortgage and home loan. One can find information on 'The Federal Reserve Board' and 'Bankrate'.