Home | Ask Your Question | Mortgage Glossary
Mortgage Professor about refinance: 
Can Mortgage Refinance at a Higher Rate Make Sense?
April 8, 2002, Revised November 17, 2004 "Does it ever make sense to refinance into a mortgage carrying a higher interest rate than the mortgage you already have?" Very often it does not. Mortgage borrowers refinancing at higher rates ought to use the 72 hour ... more...

Questions About Mortgage Refinancing
November 4, 2002 "What questions about refinancing are asked most frequently?" The most common question by far is "should I refinance". Usually I can?t answer it because questioners don?t give me all the needed information. If borrowers are looking ... more...

refinance related definitions

Refinance
Refinance Refinancing refers to applying for a mortgage loan intended to replace an existing loan secured by the property. Homeowners usually consider refinancing for the purpose of getting a better interest rate, loan term, or to draw cash from the equity. ... more...

Wraparound Mortgage
Wraparound Mortgage Mortgage Loan which provides a buyer with the amount of the remaining balance on a seller's mortgage plus an additional amount which is requested by seller as part of the contract of sale. Payments are made to the lender who holds the wraparound loan. ... more...

More about refinance

Refinance Your Car Loan - 3 Tips For Refinancing Your Auto Loan Online
Refinancing your car loan is an ideal way to lower your interest payments or reduce your monthly payments. By using online auto loan lenders you can be assured that you are finding the lowest rate. To be sure you are getting the best terms, follow these three tips before you refinance your vehicle ... more...

Poor Credit Car Loan - Get Approved Online
Poor credit doesnt have to stop you from getting a car loan. In fact, car loans are one way of rebuilding your credit history. Online car loan lenders make the application process quick and easy, so you can buy your automobile the next day.Poor Credit Car Loan LendersCar loan lenders make it their ... more...

Don't Overpay for a House, Even in Today's Market
If there's one thing American investors love, it's an over-inflated market. Which is why they keep buying houses and new ones keep coming onto the market. According to the latest data, housing starts rose an annualized 3.4% in September, matching a 17-year high. Whoo-ha! Go, baby go.I wonder if ... more...

Cash-out Refinance: Turning Lemons into Lemonade
The oft given, rarely followed adage, "Turn Lemons into Lemonade" seems out of place in the world of refinance. But in fact, it is quite appropriate when considering entering into a Cash Out refinance loan. A Cash Out Refinance loan is simply a loan typically on the equity in a home, which is for ... more...

Refinancing Your Auto Loan
Refinancing your loan is one of the best kept secrets around for saving you money, but most people never think of it. Whether refinancing your home or car the process is the same. When refinancing car loans, you pay off your current car loan with a refinancing car loan from a different lender that ... more...

Repairing Credit Essentials
There are essentials to repairing your credit and building your history. It depends on your situation, but in most cases you can find a way out of any debt situation. Debt relief is a stressful situation.When times are hard the last thing we need is to add more stress to our lives. Therefore we ... more...

Homebuyer Heaven Cant Possibly Last
With interest rates at record lows over the past year, theres really only one way for them to go, the only question is when. Most experts agree that rates will remain fairly stable in the short term, at least until the end of the year, and some believe they will even decrease slightly. However, the ... more...

A Home Equity Loan Is It For You?
Home equity loans are often touted as being the solution to so many things giving you access to money for home repairs or improvements, a way to consolidate debt, finance a sudden family emergency, or even as a way to start an investment portfolio. Theres a lot to think about, though, before you ... more...

Bad Credit Home Loan - Apply Online and Keep Your Credit Score as High as Possible
If you have a poor or bad credit history with something in your past like a bankruptcy or a foreclosure, you know how difficult it can be when you try to get financing for a home mortgage purchase, refinance, home equity or second mortgage loan. Its important to be persistant in looking because ... more...

Home Mortgages: Does a No-Closing-Cost Loan Make Sense for You?
I have heard a number of radio ads and have seen many newspaper ads offering no closing cost home mortgages. These ads will tell you that you can get a new mortgage or refinance your existing mortgage at absolutely with absolutely no closing costs.. There are no points, no charges for an appraisal, ... more...

Home Mortgages: Up, Up and Away!
Refinance NOWbefore its too lateIf you havent found the time to refinance your existing home mortgage, its time to take actionlike yesterday! Every time Alan Greenspan, Federal Reserve Board Chairman, opens his mouth, you can bet that the federal funds rates will rise by at least a quarter of a ... more...

The Clock is Ticking on Your Leads
Every day is critical when you are in the business of sales. That lead you receive today could very easily be gone tomorrow.It is very important to act on your lead the very second you get it, not an hour later, or a few days later.The second it is in one hand, the next hand should be dialing the ... more...

Top 10 Things to Consider on Home Loans
Here are our Top 10 most important things to consider when shopping for a Home Loan, Equity Line of Credit, or Refinance, courtesy of Loans-Directory.Org:Down-PaymentFixed Versus Adjustable RateAPRLoan TypesLoan Amount Qualification, IncomeLoan Amount Qualification, ExpensesEmployment and Credit ... more...

Should You Refinance?
There are several reasons that might make someone consider refinancing their existing mortgage. One would be to get a lower interest rate than what they currently have, thereby reducing monthly payments and lowering the overall cost of the mortgage. Another is to shorten the length of the loan, ... more...

Three Things to Avoid When Buying a Home
Whether you're a first-time homeowner or moving on up the property ladder, home buying can be tricky. How do you draw the line between a money pit and a diamond in the rough? Here are three things to keep in mind. Depending on the circumstances, these might be reasons not to buy.Neighborhood. ... more...

Refinancing vs Line of Credit
Refinancing vs line of credit are two popular options you have when deciding the best way to take equity out of your home. Sometimes it makes sense to establish a line of credit. But in other situations it's better to get a cash back refinance mortgage loan.You can find out which loan is best for ... more...

Thinking About Refinancing Your Loan?
Refinancing your home or property is a big decision that could drastically affect your financial future, for the good or the bad, depending on how smart you go about the process. Take the time to explore all of the different refinancing options you have available to you. Many loan agents offer ... more...

Doing a California Refinance Online
Californians are passionate people. I know. I have lived in California my whole life: From the smoggy basins of Los Angeles, to, well, the smoggy basins of Sacramento. Ive traveled highway 101, Ive smelled the glory of the Redwoods, and Ive experienced the confusion of the Terminator becoming ... more...

Sell Your Home and Invest at the Same Time
I continue to see the same For Sale signs in my neighborhood. The houses just aren't selling. If you are considering selling or have a home on the market that is not moving, it's time to think about financing the sale yourself. A good friend of mine bought a new home three months ago, and he has ... more...


Return to previous page   More articles
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

 

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

ExplainingMortgages © 2005