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Understanding Refinancing:
What is Refinancing|
Is Refinancing Right For You? | The
Process |
Streamline & No-Cost Refinancing >
Is Refinancing Right For You?
Refinancing is a fact of life if you are a homeowner. Do I want
to reduce my monthly payments or reduce the number of years I
have to pay on my loan? Should I take my equity and pay off higher
interest rate debts? Do your home work and not just refinance
to refinance. Accomplish your financial goals as your home remains
a source of your personal wealth building.
Discuss with your Lender your concerns:
| • |
Can you save enough money
in your monthly payment to offset the closing costs you
will need to pay again? |
| • |
Is it important to you to pay your loan
off faster? |
| • |
Do you have the equity or cash to pay
closing costs? |
| • |
How long do you plan on remaining in your
home? |
| • |
Are there different refinancing options
available to you? |
You may not want to refinance if:
| • |
You have been in your home
for a number of years |
| • |
You want consumer debt relief |
| • |
You will be selling and moving from this
home. |
Next: The Process
What is Refinancing| Is Refinancing
Right For You? | The Process
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Streamline & No-Cost Refinancing >
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