![Borrowers meet with a loan officer to refinance their mortgage.](https://www.bankrate.com/2020/08/31104604/Do_I_need_to_put_money_down_to_refinance.jpg?auto=webp&&optimize=high&crop=16:9&width=300)
Do you need a down payment to refinance your mortgage?
Usually, no. But you still need to have some cash on hand at the closing.
Chloe A. Moore, CFP®, is a member of Bankrate’s Financial Review Board and founder of Financial Staples, a virtual, fee-only financial planning firm based in Atlanta and serving clients nationwide. The firm is dedicated to serving tech employees who are entrepreneurial-minded, philanthropic and purpose-driven.
Moore was named an Investopedia Top 100 Financial Advisor in 2020, 2021 and 2022. She has contributed to Business Insider and was featured in Financial Advisor, Wealth Management, NerdWallet, U.S. News and other outlets.
In addition to promoting financial literacy through speaking, writing and volunteering, Moore also focuses on the cultivation of female and minority financial planners. Along with three colleagues, she recently launched the BLatinX Internship Program (BLX), which provides paid internship opportunities to aspiring Black and Latinx financial planners.
Moore believes that money is an emotional topic and it impacts many aspects of our lives. She enjoys helping clients unpack their money history and discover how they can use money to support a life that is most meaningful to them.
Usually, no. But you still need to have some cash on hand at the closing.
Real estate tends to appreciate over time, but it’s not a guarantee.
Ready to sell your Wisconsin home? You can go the traditional route, hiring a local real estate agent to list the home on the market. But homes here can take a while to sell — they spent more than a [...]
Wondering what to ask a mortgage lender when you’re shopping around for offers? Here’s a list of questions to ask a mortgage loan officer.
12 of the most crucial questions to ask a Realtor when buying a house.
Bankrate reviews the impact of a speeding ticket on New York drivers.
Fast business loans can finance businesses quickly, but how much will it cost?
How much is a speeding ticket in Oregon? Bankrate reviews what you need to know.