If you are a homeowner who was lucky enough to buy when mortgage rates
were low, you may have no interest in refinancing your present loan. But
perhaps you bought your home when rates were higher. Or perhaps you have
an adjustable-rate loan and would like to obtain different terms.
Should you refinance? This brochure will answer some questions that may
help you decide. If you do refinance, the process will remind you of
what you went through in obtaining the original mortgage. That's
because, in reality, refinancing a mortgage is simply taking out a new
mortgage. You will encounter many of the same procedures-and the same
types of costs-the second time around.
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If you are a homeowner who was lucky enough to buy when mortgage rates were low, you may have no interest in refinancing your present loan. But perhaps you bought your home when rates were higher. Or perhaps you have an adjustable-rate loan and would like to obtain different terms.
Should you refinance? This brochure will answer some questions that may help you decide. If you do refinance, the process will remind you of what you went through in obtaining the original mortgage. That's because, in reality, refinancing a mortgage is simply taking out a new mortgage. You will encounter many of the same procedures-and the same types of costs-the second time around.