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Some of the reasons for a mortgage refinance would be lower rates, to get additional money to eventually buy a home somewhere else or even to consolidate two mortgages.

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12y ago

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What are the reasons a person might seek out a 2nd mortgage refinance loan?

A person might seek out a second mortgage refinance loan if they are struggling with debt or monetary issues. It also lowers the amount of your monthly mortgage payment.


What are some reasons to refinance a home mortgage?

Some reasons for refinancing a mortgage is lowering mortgage rate, change in family composition, purchasing other properties for investment and switching the mortgage type from Adjustable-Rate Mortgage (ARM) to a fixed-rate mortgage.


Why might one want to refinance a mortgage at a lower rate?

There are many reasons why someone would want to refinance a mortgage at a lower rate. The main reason to refinance at a lower rate is to pay less interest over a long period of time.


What is reverse mortgage refinance?

It is where you have a Mortgage and you have improved your credit you can refinance to lower you monthly bill.


When should one refinance their mortgage?

One could refinance their mortgage when the interest rate decreases. However, one must also think the amount they have to pay to refinance their mortgage.


How can you remove the cosigner from a mortgage?

You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.


How soon after closing on a mortgage can you refinance?

You can typically refinance a mortgage after waiting for at least six months to a year after closing on the original mortgage.


What companies offer a no fee mortgage refinance?

There are many companies that claim to offer a no fee mortgage refinance. Such services are never free, it always costs something to refinance one's mortgage.


How can you refinance your home mortgage?

To refinance your home mortgage, you can go to a bank or credit union with the proper paperwork from your original mortgage and ask for refinance. There's usually fees involved, but if you need to, you can.


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.


Where can one learn how to refinance own mortgage online?

There are many places online where a person can learn how to refinance their own mortgage. Websites such as, quickenloans, homeloans, and mortgage-calc all have info on how someone can refinance their own mortgage.


What are the lowest refinance mortgage rates?

The lowest mortgage refinance rates are currently around 2 percent.