Deprecated: Creation of dynamic property edit_flow::$helpers is deprecated in /var/www/html/content/plugins/edit-flow/edit_flow.php on line 139 Deprecated: Creation of dynamic property EF_Calendar::$max_weeks is deprecated in /var/www/html/content/plugins/edit-flow/modules/calendar/calendar.php on line 30 Deprecated: Creation of dynamic property EF_Calendar::$module_url is deprecated in /var/www/html/content/plugins/edit-flow/modules/calendar/calendar.php on line 32 Deprecated: Creation of dynamic property edit_flow::$calendar is deprecated in /var/www/html/content/plugins/edit-flow/edit_flow.php on line 286 Deprecated: Creation of dynamic property EF_Custom_Status::$module_url is deprecated in /var/www/html/content/plugins/edit-flow/modules/custom-status/custom-status.php on line 30 Deprecated: Creation of dynamic property edit_flow::$custom_status is deprecated in /var/www/html/content/plugins/edit-flow/edit_flow.php on line 286 Deprecated: Creation of dynamic property EF_Dashboard::$module_url is deprecated in /var/www/html/content/plugins/edit-flow/modules/dashboard/dashboard.php on line 26 Deprecated: Creation of dynamic property EF_Dashboard::$module is deprecated in /var/www/html/content/plugins/edit-flow/modules/dashboard/dashboard.php on line 44 Deprecated: Creation of dynamic property edit_flow::$dashboard is deprecated in /var/www/html/content/plugins/edit-flow/edit_flow.php on line 148 Deprecated: Creation of dynamic property EF_Editorial_Comments::$module_url is deprecated in /var/www/html/content/plugins/edit-flow/modules/editorial-comments/editorial-comments.php on line 18 Deprecated: Creation of dynamic property edit_flow::$editorial_comments is deprecated in /var/www/html/content/plugins/edit-flow/edit_flow.php on line 286 Deprecated: Creation of dynamic property EF_Editorial_Comments::$module is deprecated in /var/www/html/content/plugins/edit-flow/modules/editorial-comments/editorial-comments.php on line 44 Deprecated: Creation of dynamic property EF_Editorial_Metadata::$module_url is deprecated in /var/www/html/content/plugins/edit-flow/modules/editorial-metadata/editorial-metadata.php on line 40 Deprecated: Creation of dynamic property edit_flow::$editorial_metadata is deprecated in /var/www/html/content/plugins/edit-flow/edit_flow.php on line 286 Deprecated: Creation of dynamic property EF_Notifications::$module_url is deprecated in /var/www/html/content/plugins/edit-flow/modules/notifications/notifications.php on line 29 Deprecated: Creation of dynamic property edit_flow::$notifications is deprecated in /var/www/html/content/plugins/edit-flow/edit_flow.php on line 286 Deprecated: Creation of dynamic property EF_Settings::$module_url is deprecated in /var/www/html/content/plugins/edit-flow/modules/settings/settings.php on line 15 Deprecated: Creation of dynamic property edit_flow::$settings is deprecated in /var/www/html/content/plugins/edit-flow/edit_flow.php on line 148 Deprecated: Creation of dynamic property EF_Story_Budget::$module_url is deprecated in /var/www/html/content/plugins/edit-flow/modules/story-budget/story-budget.php on line 35 Deprecated: Creation of dynamic property edit_flow::$story_budget is deprecated in /var/www/html/content/plugins/edit-flow/edit_flow.php on line 148 Deprecated: Creation of dynamic property EF_User_Groups::$module_url is deprecated in /var/www/html/content/plugins/edit-flow/modules/user-groups/user-groups.php on line 35 Deprecated: Creation of dynamic property edit_flow::$user_groups is deprecated in /var/www/html/content/plugins/edit-flow/edit_flow.php on line 286 Deprecated: Creation of dynamic property EF_Editorial_Metadata::$module is deprecated in /var/www/html/content/plugins/edit-flow/edit_flow.php on line 317
Refinancing means replacing one loan with a new, better loan. Improving the terms of a loan can mean obtaining a lower interest rate, a lower monthly payment, replacing an adjustable or variable rate loan with a fixed-rate loan or increasing the size of the loan and taking the difference in cash.
Refinancing means replacing one loan with a new, better loan. Improving the terms of a loan can mean:
Auto loans, student loans, credit cards and other types of debt can be refinanced, but most of the time when people discuss refinancing, they are referring to mortgage refinancing.
Mortgage refinancing can take several forms. Here are the most common:
When refinancing a mortgage, homeowners should make a point of comparing mortgage quotes from several competing mortgage lenders. Home loan rates and terms can vary a great deal between mortgage lenders, and studies have shown that obtaining at least four loan quotes significantly increases the homeowner’s change of getting the lowest rate available.