Refinance Your House

If you have seen all the advertisements regarding refinancing your house you may be wondering if refinancing can actually save you money. The answer is yes! Interest rates are at the lowest levels in decades and there has never been a better time to refinance your home. Before choosing a lender to refinance your current mortgage, consider a few key factors and analyze your options. Your current interest rate, the length of time you plan to stay in your home, your credit rating, and the value of your home are all important issues to consider when looking to refinance your house.

Refinancing your house can save you thousands of dollars over the length of your mortgage. Depending on your current interest rate, your monthly house payment could drop by a substantial amount. Even if you have adverse credit, lenders are waiting to give you a quote on refinancing your house. There is no need to apply to many lenders to get the lowest rate possible. Online mortgage companies can often give you quotes from multiple lenders, eliminating concerns about multiple inquiries on your credit report.

Refinancing your house can allow you to shorten the term of your mortgage without drastically increasing the amount of your monthly mortgage payments. If your current interest rate is substantially higher than the present prime rate, you could refinance for a shorter term and with the potential decrease in the amount of interest you pay, your house payments could stay the same or increase only slightly. Mortgage brokers are available to give you an accurate analysis of your financial situation. You can receive quotes from multiple lenders, get expert advice on refinancing your mortgage, and save money each and every month.

Now is the perfect time to refinance your house. Interest rates have never been lower and the availability of multiple quotes from different lenders will ensure you of getting the lowest rate possible. If your credit is less than perfect, you can still refinance your home. Sub-prime lenders can help you lower your interest rate, even with adverse credit. If you are considering refinancing your house, get multiple quotes today and you could be on your way to saving money each and every month. Interest rates have never been lower, and even if you have adverse credit, you can still refinance your home and save thousands of dollars over the length of your mortgage.

To view our list of recommended refinance lenders online, visit this page: Recommended Refinance Lenders.

Carrie Reeder is the owner of ABC Loan Guide, an informational loan website with articles and the latest news about various types of loans.

---

Home Equity Loan ? Home Theater Adds Fun and Value

In days gone by, the family typically spent their evenings... Read More

The Top 5 Things You Must Know Before Applying for a Mortgage

You've been thinking about buying your own home for quite... Read More

How to Avoid Paying Mortgage Insurance

In today's world, a borrower should not be paying mortgage... Read More

Finding the Best Homeowner Loans for Your Money

Looking for the best homeowner loans can be stressful, especially... Read More

Reverse Mortgages: When Is One Right For You?

How do you know if a reverse mortgage is right... Read More

6 Helpful Mortgage Tips

Here are some mortgage tips that can help you obtain... Read More

Reaping Financial Rewards ? Bad Credit Home Equity Loans

Home is the place you inhabit. It is the place... Read More

Mortgage Loan Most Bankers Wont Give May Be Exactly What You Need to Buy or Refinance Your Home

A few years ago, a loan officer who worked for... Read More

Mortgage-Refinance Loan Can Put Cash in Your Pocket

Do you need cash? Here's a mortgage for you. If... Read More

Mortgage Cycling ? Brilliant or Risky

With mortgage rates near 20-year lows, competition in the mortgage... Read More

What is a Self-Employed Mortgage?

Self-employed mortgages, as the term implies are mortgages designed for... Read More

Which is Better? Fixed-Rate or Adjustable-Rate Mortgages

The answer depends on several factors including your financial situation.... Read More

Applying for a Home Loan

Applying for a home loan may not be the most... Read More

New Home Loan - Understand The Various Types Of Mortgage Lenders

So, you've decided to buy a house, and you're ready... Read More

Home Equity ? Is it Time to Cash Out and Move?

During the last five years, home prices have increased nationwide.... Read More

Home Equity Line of Credit ? Great for Remodeling Projects

Many homeowners are lucky enough to find a house that... Read More

Home Loans for Credit Challenged Borrowers

Just because you have negative items on your credit report... Read More

Guide to Interest Only Mortgages

Here is a useful guide to interest only mortgages. An... Read More

Advantages and Disadvantages Of A Reverse Mortgage

Betty and John, are in their mid-seventies and are currently... Read More

Refinancing Your Home Mortgage Loan

You're considering refinancing your home mortgage loan to save money.... Read More

Home Loans and Mortgages ? Beware of New ?Mortgage Elimination? Scam

The booming real estate market has allowed many Americans to... Read More

Refinancing After Bankruptcy

Refinancing after a bankruptcy can seem like an especially difficult... Read More

Consolidate Debt With A Home Equity Loan

If you are a home owner who is having to... Read More

Types of Financing for Your Mortgage

When financing a home purchase, the kind of mortgage you... Read More

Mortgage Reduction Solutions

USA ECONOMIC CONDITIONSToday's sluggish economy has left millions of people... Read More

Online Mortgage Brokers - What You Might Not Know About Home Loans & The Internet

You may think that applying online for a mortgage is... Read More

Renters Have Much to Gain by Pursuing Home Ownership

Buying a home vs. renting is a big decision that... Read More

Home Equity Loans Categories

Fixed Rate Mortgages: These loans have a fixed rate of... Read More

Refinancing Your Home - Is the Time Right?

Refinancing your home is a major decision not to be... Read More

Save Yourself from Homebuying Disasters

Whether you are a first time home buyer or a... Read More

Option ARM ? The World?s Most Dangerous Mortgage

Home prices have reached record levels, and in many parts... Read More

Residential Mortgages ? a Step Ahead on the Property Ladder

Doesn't Residential mortgage give the impression that they are a... Read More

Home Equity Loans

Home equity loans are a popular way for homeowners to... Read More