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Yes, typically the refinance rates are higher than rates for a regular purchase loan. Situations vary greatly, so it's best to contact a lender to learn your best options.

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14y ago

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What are the differences between refinance rates and purchase rates?

Refinance rates are the interest rates for replacing an existing mortgage with a new one, while purchase rates are the interest rates for buying a new home. Refinance rates may be higher or lower than purchase rates depending on market conditions and individual financial factors.


Do auto refinance loans generally come with high interest rates and how do I qualify for one?

Auto refinance loans do typically have higher interest rates than new purchase loans. You can get refinance loan from many major banks and credit unions.


How do the rates for a jumbo refinance differ from a regular mortgage?

The biggest difference in a jumbo refinanced mortgage is that, as the name implies, it is larger than a regular mortgage. Typically lenders want a higher down payment and the rates are usually a bit higher with a jumbo loan because of closing costs incurred.


How soon can you refinance a home after purchase?

You can typically refinance a home after purchase as soon as six months, but it's important to consider factors like your credit score, equity in the home, and current interest rates before deciding to refinance.


What are the student loan refinance rates based on credit score?

Student loan refinance rates are typically based on the borrower's credit score. A higher credit score usually results in lower interest rates, while a lower credit score may lead to higher interest rates.


Where can we get a car loan rates quotes for free?

I recommend roadloans.com. The site allows you to get new and used purchase loans, Refinance loans, a loan for a purchase for an individual, and a cash-back refinance loan.


When can I refinance my house after purchase?

You can typically refinance your house after purchase once you have owned it for at least six months. However, it's important to consider factors like your credit score, equity in the home, and current interest rates before deciding to refinance.


Why do title insurance company's ask if a new title insurance request ask if it is a refinance?

Title insurance rates vary depending on if the transaction is a purchase or a refinance


What are some lenders that offer home loans?

I heard Ditech offers low mortgage rates on purchase or refinance home loans, your payments won't change after you refinance or buy a home, no matter how much rates fluctuate.


Does California Refinance have competitive rates?

California Refinance does have competitive rates. This company offers interest rates that are similar to other companies that also offer refinance options.


What are the lowest refinance mortgage rates?

The lowest mortgage refinance rates are currently around 2 percent.


Can you re-finance your reverse mortgage?

yes, you can refinance it to a regular mortgage, or if interest rates are lower you can streamline it to a new reverse mortgage.