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Mortgage Professor about reasons to refinance: | |||||||||||||||||||||||
Does a Prior Mortgage Refinance Affect This One?
June 9, 2003 When interest rates drop, some homeowners who had refinanced earlier are discouraged from refinancing again, for reasons that make no sense. "How long do I have to wait before I can refinance again? I was told a year." Not so. I have never heard of a ... more... Are Lenders Responsible For a "Tangible Net Benefit" 18 April 2005 "I understand that in pending Federal legislation aimed at predatory lending, lenders will be prohibited from refinancing a mortgage unless there is a ?tangible net benefit? to the borrower?Is this a good rule?" It is not a good rule, because it ... more... |
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reasons to refinance related definitions |
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Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more... 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... |
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More about reasons to refinance Refinancing Your Mortgage Can Open Up A Lot Of Options For You And Your Family Refinancing Your House Mortgage - 3 Reasons to Refinance While Rates are Low Home Mortgage - Reasons to Refinance Your House Bad Credit Mortgage Refinancing - 3 Reasons to Refinance for a Better Rate Why You Should Refinance Your House Online Why Refinance Back into a 30-Year Loan? Reasons to Refinance Your Home Refinancing Your Home Mortgage Loan With Bad Credit Mortgage Refinancing Get It Sorted and Save Should You Refinance?
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