Consolidating first and second arm mortgages

Since these are based on your actual credit, finances and home equity, they're likely to be more accurate than generic rates listed in ads or online.

You can refinance your mortgage almost any time you like.

While many borrowers refinance mortgage loans, it's still something that a lot of people are unfamiliar with. Any kind of loan can be refinanced, including mortgages, auto loans, business loans, etc.

But our focus here will be on refinancing mortgage loans.

You do not have to refinance with the same lender who has your current loan.

This means you can shop around for the lender who will offer you the best refinance rate and terms. You can check the advertisements of various mortgage lenders to see which ones offer the best rates and terms, or you can simply visit their websites to see what rates they're currently offering.

A more reliable way is to calculate your break-even point – that is, how long will it take your cumulative savings from a lower rate to exceed the fees you paid to refinance?

You can also buy a lower rate by paying for discount points.By submitting this form, you authorize Bank of America to contact you at the telephone number or email provided here, even if you’ve previously registered on a Do Not Call registry or requested that we not send you marketing information by email. You understand that you are not required to consent to receiving autodialed calls/texts as a condition of purchasing any Bank of America products or services.Any cellular/mobile telephone number you provide may incur charges from your mobile service provider.From then on, your new lender holds your loan and you make your payments to them.You start the process by looking for the best refinance company to meet your needs.

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