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Home mortgage, refinancing, equity

 

Thinking of refinancing your home?

Many people today are trying to find ways to refinance their homes to take advantage of the equity and for other reasons. Here are some:

1. Lower your monthly mortgage payment.

2. Convert from an adjustable rate mortgage to a fixed rate.

3. A balloon payment is due.

4. Eliminate the private mortgage insurance (pmi).

5. Cash out on your home equity and use the money for current needs.


To help find the best methods and most practical refinancing options, try these resources:

Mortgages and Home Loans - terminology

Eloan

Fool.com

Lending Tree Mortgage

DiTech

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