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How Soon Can a Mortgage Company Foreclose?
How to Become a Mortgage Lender
How to Work Out Mortgage Repayments
What is Mortgage Refinancing?
About Best Mortgage Rates
What Is APR Mortgage?
What Is a Mortgage Margin?
How Are Mortgage Rates Set?
How to Negotiate Low Mortgage Interest Rates
How to Get Low Home Mortgage Interest Rates
How to Compare Low Mortgage Rates With No Down Payments
How to Find Low Interest Rates 30 Year Fixed Mortgage
How to Compare Mortgage Rates
About Low Fixed Mortgage Rates
When Do Mortgage Rates Fall?
How to Make Mortgage Rate Predictions
How to Refinance a First & Second Mortgage
Mortgage refinancing is any mortgage activity, usually when a home owner takes out a second mortgage for r… More
There are several ways to lower your mortgage payment and keep cash in your pocket. Ordinarily, you would … More
In order to refinance a mortgage, it's important to shop for rates at different banks, as well as to turn … More
Mortgage refinancing is an excellent financial tool for reducing mortgage payments in certain circumstance… More
When trying to figure out if refinancing a mortgage will save money, it's important to look at reducing th… More
Refinancing a house is a great way to get a lower interest rate on a fixed-rate mortgage. Apply for a new … More
Before a foreclosure process starts, read a mortgage closely to find out a specific financial position. Re… More
If you want to obtain a lower interest rate or borrow money from your equity, a mortgage refinance is the … More
Refinancing involves being keenly aware of prevailing rates and terms in the marketplace. Better understan… More
Noticing a drop in interest rates and then making the decision to refinance are the first steps in refinan… More
Fixed rate mortgages will normally be the lowest rate that is available on a property. Better understand w… More
Summary: Mortgage refinancing is any mortgage activity, usually when a home owner takes out a second mortgage for repairs, to pay for large bills or to consolidate debts. Understand when to refinance a mortgage with advice from an experienced mortgage broker in this free video on personal finance.
Matthew McKillen brings 21 years of industry experience in arranging loans for his clients. He has worked in financial services senior management positions in mortgage banking...read more
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"Hi, this is Matt McKillen with Innovative Financial Group. I had a question posed to me today, "what is mortgage refinancing?" There's two types of loans that you can get when you're involving your property. One is a purchase loan, obviously that's a loan that you take to buy your home in the beginning. A mortgage refinance is basically the same process is that, it's just that what you're doing is you're either paying the old loan off because you may be borrowing additional money over and above, or you may even be borrowing money to do improvements on the property, or you may be taking a second mortgage out to do improvements on the property or consolidate debts. Anytime you do any mortgage activity on the house, aside from when you bought your property, it's considered a mortgage refinance. So to set the record straight, the loan that you take out when you buy your home, is called a purchase loan. Any type of financing that you do after you've purchased your home, whether it be a new first mortgage or taking a second mortgage or home equity line, that is considered mortgage refinancing. Thanks for asking the question, my name is Matt McKillen with Innovative Financial Group."
eHow Article: What is Mortgage Refinancing?
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.
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