Interested in a mortgage refinance? Find out if a refi could lower your monthly mortgage payment.
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Understand if refinancing makes sense for you.
Compare mortgage rates
Great credit won’t boost the chances of a refinance if a borrower has no equity.
Owning a first home free and clear should boost the odds of getting a refinance on a second home.
Reduced financial flexibility may be the price for a home refinance that lowers your mortgage rate.
Good credit scores aren’t helping a couple overcome an old bankruptcy.
A refinance or home equity line or loan can be used to fund home improvement plans.
You can’t fund renovations with a refinance if there’s no outstanding mortgage on the house.
A couple is unlikely to qualify for a refinance, which may not be a good option for them anyway.
When weighing a refinance, look first at the interest rate caps and floors on the existing mortgage.
A mortgage refinance requires the borrower to crunch numbers and make personal choices.
Borrowers who are ‘underwater’ may struggle to get a refinance, but options do exist.