Home Mortgage

California Refinance Home Mortgage Rate Section


California Refinance Home Mortgage Rate Navigation


Stress and Anxiety Guide Home Page
Tell A Friend about us
Current Interest Rates Home Mortgage |
Lenders Clearing House Refinance Home Mortgage |
California Home Mortgage Broker |
California Mobile Home Mortgage Lenders |
Home Mortgage Insurance |
California Home Mortgage Refinance Loan |
Home Mortgage Refinance In Florida |
Current Home Mortgage Rates |
California Home Mortgage Loan Rate Money |
Home Mortgage Uk |
Lender Home Mortgage Loan Rate California |
Home Mortgage Loans Texas |
Refinance Home Mortgage Equity Loan |
Home Mortgage Refinancing Rates In Britain |
Wells Fargo Home Mortgage Online Banking |

List of home-mortgage Articles

Social bookmarking
You like it? Share it!
socialize it

Main California Refinance Home Mortgage Rate sponsors


Newest Best Sellers


Welcome to Home Mortgage


California Refinance Home Mortgage Rate Article

Thumbnail example. For a permanent link to this article, or to bookmark it for further reading, click here.

You may also listen to this article by using the following controls.

Home Mortgage Loan Refinancing Online - 3 Tips On Refinancing Your Home

from: Carrie Reeder

When refinancing your home, it's helpful to know a few things about refinancing. When you refinance, you usually pay off the old loan and sign for a new loan, whether you are refinancing your 1st mortgage, second mortgage or home equity loan. The expense that comes in to play when refinancing are the new closing costs and points charge for getting a new loan.

How much can you expect in closing costs for a refinance? Usually between 3-6% of the total loan amount. So, for a loan amount of $150,000, you can expect to pay around $7 in fees. Usually, a company that will say that have no closing costs, will also charge a higher interest rate to compensate. The mortgage broker has to make money somehow, they will either charge a higher interest rate or charge higher closing costs. The best way to compare refinance lenders is to analyze all of the expenses.

Should I pay down points on my loan? If you plan to stay in your home for more than 3 years, it may be smart for you to consider paying down points on the loan which reduces your interest rate. That pays off if you plan to stay in your home for a while, but if you plan to sell the home soon, you may lose more money paying down the points on the loan.

How can I know if I should refinance or not? If you are interested in finding out whether it would save you money in the long run to refinance with the current interest rate, there are financial calculators online that can help you determine if you would save money refinancing your house or not.

To view our list of recommended refinance mortgage companies online or to use a refi- calculator, please visit this page: http://www.abcloanguide.com/refinance.shtml
About the Author

Carrie Reeder is the owner of http://www.abcloanguide.com, an informational website about various types of loans.


California Refinance Home Mortgage Rate News