What is mortgage refinance?
The Bankrate.com financial term of the day is: "mortgage refinance."
In a mortgage refinance, you end a relationship with a home loan because something more attractive has come along. Your dump your old loan by paying it off with a new loan more to your liking, maybe because it offers a lower interest rate, lower monthly payment, or the opportunity to take some cash out of your equity -- to redo your 1970s harvest gold kitchen.
You don't have to stay married to your mortgage but can divorce it for something better by doing a mortgage refinance.
To find the best mortgage rates, visit the rate tables at Bankrate.com.
Mortgage rates moved higher after better-than-expected news about jobs.
Mortgage rates declined across the board this week.
Mortgage rates fell for the sixth straight week.
Mortgage rates fell for the fifth consecutive week.
Mortgage rates fell to a three-month low.
Finding a trusted financial adviser can be well worth the fees in the long run.
Follow these tips to choose from the many different funds to invest in for your 401(k).
Here are some ways to get organic foods you want without breaking your budget.
Food costs eating up your budget? Try growing your own produce.
Planning, clipping and budgeting can save you money on your food bill.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.