Tag Archives: refinance mortgage

How to Speed Up Refinance Process

Tips to make the home loan refinancing process go faster and avoid delays. If you are considering to refinance, taking quick steps to accomplish it may be important if you want to take advantage of the current financial situation. Here are a few ways if by which you can speed up your refinancing process. Fill […]

2 Reasons To Refinance An ARM When Interest Rates Fall

Refinancing an ARM when the Cap Limit Is More Than Current Interest Rates All good adjustable rate mortgage is come with a limit on the interest-rate. This is known as a Cap. This is an interesting point of view which many people with adjustable-rate mortgages do not consider. Someone with a fixed-rate mortgage has no […]

How Long Will It Take To Recover the Refinance Costs?

Calculate how long it takes to recover fee financing cost. In order to calculate how long it will take you to recover the refinancing cost with your reduced monthly payment, the calculation is quite simple. You divide your refinancing cost with your after-tax monthly savings and that will give you the number of months in […]

12 Strong Reasons Why It Might Be Time To Refinance Your Mortgage

Reasons for refinancing a mortgage There are many situations and reasons to refinance your current existing mortgage. Most of the people think that refinancing should only be done in order to reduce the interest rate on the mortgage and to cut down on the monthly mortgage payment. However, there are other situations as well which […]

3 Questions Before Closing a Remortgage Deal

Three Basic Things You Should Know About Your Refinance Deal Some very basic things that you should know about your refinance and ask your mortgage lender about before you sign on the dotted line. What are the terms and conditions of the refinance contract? You should fully understand the terms and conditions of the re-finance […]

Problems with Applying for a Self-Employed Mortgage

Applying for self-employed mortgage can be problematic as you will find a lesser number of mortgage lenders willing to deal with the self employed people. In some cases it becomes a problem to verify a stable and regular income. In such a case the mortgage lender does not feel safe in giving out a mortgage […]

Basic Steps for Remortgaging a Home Loan

When planning to remortgage a home loan this is the basic outline of how you should go about the process. If you’re planning to remortgage it is a good idea to go about the process in a systematic step by step manner. In order to get the best remortgaging deal you need to consider several […]

Pros And Cons Of Refinancing With Your Current Lender

Refinancing your mortgage with your current mortgage lender both has its advantages and its disadvantages. First let us consider the advantages. Advantages Of Refinancing With Your Current Lender Avoid Extra Paperwork Many people feel comfortable working with their existing lender. Since the current lender already has most of the paperwork and information concerning the client, […]

FAQ for Mortgage Refinancing

When should you refinance a home-loan? The timing of remortgaging a home loan determines how much you can get from such a venture. Usually it is advised that you should go for a difference of at least 2% between your current mortgage and the new mortgage before you decide to refinance. However, many people see […]

Income Taxes Applicable On Refinancing A Home Loan

Usually there are no income tax repercussions of refinancing a mortgage. When you take out a cash out refinance on a mortgage you generate extra income. But since you are going to have to pay back you may not think of it as pure income. The IRS knows this and hence makes the money that […]