Everything you need to know about home loans in one place. Use our "frequently asked questions" section to learn everything about mortgages, refinancing, home equity lines of credit and more.
When you refinance a home, you replace your mortgage with a new home loan with different terms. Many people decide to refinance to get better terms -- and, while there are a variety of refinancing options, if you like your mortgage, you probably don’t need to refinance.
Read MoreYour mortgage is great, but sometimes you wish you had something a little bit different. Maybe you’d like one that’s a little shorter, or one that had a little bit less interest or perhaps it’s not even about the mortgage itself, you just want to cash out your home’s equity. Before you tell your current mortgage that it’s not it, it’s you, it’s smart to figure out how much it will cost to get into a different loan.
Read MoreWhen it comes to getting a mortgage refinanced, you generally have plenty of options. Do you want an FHA or a conventional? Would you prefer a cash out refinance or do you just want to get a change in your terms? Do you want fries with that?One of the more common questions people have when they’re considering a refinance is if they can magically change their 30 year mortgage into a 15. And the answer, from pretty much every banker ever, is a resounding yes -- with some qualifiers.
Read MoreIn theory, you can refinance as many times as you want. Some lenders will want to see that you’ll make the payments first, so they’ll require a short period between mortgages to establish that you are actually capable of paying (six months is a common seasoning period). Others will charge you a penalty for paying your existing mortgage off before it was due.
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