Regulations aside, it’s very important to make sure that refinancing helps you meet your financial goals.
Deciding if it makes sense to refinance your home depends on a number of factors: Does your current lender have a prepayment penalty? Are interest rates lower now than they were when you first got your home loan? Use our refinance calculator to see if refinancing your home can help you meet your goal.
Talk to a Home Loan Expert or use our refinance calculator to see if refinancing your home can help you consolidate your debt.
Some states have limits on how soon or how often their residents can refinance a home loan; these limits are often designed to ensure that the refinance process benefits the homeowner.
The average credit card interest rate is around 15%.
By comparison, mortgage rates are currently in the 3–4% range.
Many homeowners take cash out to pay off high-interest debt or make home improvements.