• How Refinancing Works: Pros and Cons of New Loans

    www.thebalance.com/what-is-refinancing-315633 Refinancing replaces an existing loan with a new loan that pays off the debt of the old loan. The new loan should have better terms or features that improve your finances. The details depend on the type of loan and your lender, but the process typically looks like this:
  • Compare Today's Refinance Rates | Bankrate

    www.bankrate.com/refinance.aspx What to know about refinance rates and refinancing a mortgage. What is a mortgage refinance? A mortgage refinance allows borrowers to pay off and replace an existing mortgage with a new loan and ...
  • Refinance Definition - Investopedia

    www.investopedia.com/terms/r/refinance.asp Refinance: A refinance occurs when a business or person revises a payment schedule for repaying debt. Mechanically, the old loan is paid off and replaced with a new loan offering different terms ...
  • Refinancing - Wikipedia

    en.wikipedia.org/wiki/Refinancing Refinancing is the replacement of an existing debt obligation with another debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating ...
  • Beginners Guide to Refinancing Your Mortgage

    www.mortgagecalculator.org/helpful-advice/what-is-a-refinancing.php What is Refinancing? Refinancing is the process of obtaining a new mortgage in an effort to reduce monthly payments, lower your interest rates, take cash out of your home for large purchases, or change mortgage companies.
  • When It's A Good Idea To Refinance Your Mortgage ...

    www.bankrate.com/finance/mortgages/when-to-refinance-your-mortgage-1.aspx Here are the two major types of refinances: 1. Rate-and-term refinancing to save money. The majority of homeowners refinance the rest of the balance on their mortgage for a lower interest rate and ...
  • A Consumer's Guide to Mortgage Refinancings

    www.federalreserve.gov/pubs/refinancings/default.htm Tip: Refinancing is not the only way to decrease the term of your mortgage. By paying a little extra on principal each month, you will pay off the loan sooner and reduce the term of your loan. For example, adding $50 each month to your principal payment on the 30-year loan above reduces the term by 3 years and saves you more than $27,000 in interest costs.
  • Refinance Calculator - Should You Refinance? | Zillow

    www.zillow.com/mortgage-calculator/refinance-calculator Try our easy-to-use refinance calculator and see if you could save by refinancing. Estimate your new monthly mortgage payment, savings and breakeven point.
  • Mortgage Refinancing | Wells Fargo

    www.wellsfargo.com/mortgage/mortgage-refinance A simplified online application makes it easier to apply for home loan refinancing with Wells Fargo. Use our mortgage payment calculator to find your rate.
  • When (and When Not) to Refinance Your Mortgage

    www.investopedia.com/mortgage/.../when-and-when-not-to-refinance-mortgage There are both good and bad reasons to refinance, and they are not just based on interest rates. Find out when refinancing makes the most sense and when it could be a bad move.