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reason to refinance a mortgage

Reasons to Refinance – Fay Mortgage Services – Here are some great reasons why you might refinance your mortgage! There are a lot of great reasons to refinance an existing mortgage loan. And, with today’s low rates, many people are refinancing because it’s a smart way to save and manage money.

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5 Reasons Not to Refinance Your Mortgage | SmartAsset – Refinancing while rates are low can potentially save you big bucks but it’s not always the right move. Before you call up your mortgage lender, SmartAsset has a few reasons why you might want to put your refinance plans on hold.

Some borrowers choose the timing of their refinance loans for different reasons. If you are in an adjustable rate mortgage (ARM) and are nearing the end of one interest rate period with a new adjustment due, refinancing out of the ARM before the new rates kick in is a good idea.

When does it make sense to refinance? In general, if you can save money on your existing mortgage by refinancing, it could make sense to explore. Here are some situations when that might be the case. Use our calculator to see if refinancing is worth it Mortgage rates have gone down.

If You Ever Want To Retire, Here’s The Best Way To Refinance Your Mortgage – The usual reasons to refinance are to reduce the monthly payment or to raise cash. The third option, which is under-appreciated, is to shorten the period of indebtedness. The third option is seldom.

JACK GUTTENTAG: Shortening debt period is under-appreciated reason to refinance – for example – extend the life of their mortgage instead of shortening it. That is not the way to go for anyone who expects to retire someday. A major reason that few borrowers refinance in order to.

Best Mortgage Refinance Lenders of 2019 | U.S. News – A mortgage is a loan from a bank or other lender that helps a borrower purchase real estate. The property you buy is used as collateral, so if you default on the loan, the bank can seize it and sell it to recoup some or all of its losses. A mortgage refinance trades your current mortgage for a new one. The lender pays off the old loan, and you.

Should I Refinance? – mtgprofessor.com – The usual reasons to refinance are to reduce the monthly payment or to raise cash. The third option, which is under-appreciated, is to shorten the period of indebtedness. Evidently many mortgage borrowers fail to understand that mortgage refinances have a variety of possible purposes, and their success depends on a variety of factors that vary.