Refinancing

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 3/27/2003 1:09 pm
To refinance your mortgage means to pay off an existing loan with a new loan. The reasons for refinancing can vary. You may choose to refinance in order to use the cash as a loan or you may want a new mortgage because it has a better interest rate and terms. Most loans can be refinanced, except those that forbid prepayment. The costs of refinancing, as well as the rates available, will vary from lender to lender. All federally insured financial institutions are required to provide you with a good faith estimate of all charges in connection with your financing. It is not unusual for a lender to require an application fee to cover costs, such as a credit report and appraisal. You should thoroughly understand the terms of both your current mortgage and the newer mortgage you are considering. For more information on refinancing, contact a financial or real estate professional.

©2006 Crossroads Mobile. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
NEWSCASTS ON DEMAND

What's On

All content © Copyright 2013 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.