Refinancing your mortgage could be a good choice if you can qualify for better terms, such as a lower interest rate ... A 15-year mortgage refinance is a new home loan that replaces your existing ...

Homeowners may decide to refinance for any number of reasons, including lowering their interest rate, changing the term of ...

The mortgage rate you got when you initially financed your home is another major factor. Refinance rates tend to be higher than purchase rates, but the two typically move in tandem, suggesting ...

However, when you finally decide to exchange your old home ... chart. That's important information to have when considering a refinance. Bank of America existing customers may qualify for interest ...

This is a no-closing-cost "rate-and-term" refinance ... the example above. The chart below shows how much you might end up paying for a no-cost refinance on a $400,000 home loan.

Check your current score, and then compare it to the chart below ... falls to 78% of your home’s value. When to refinance a mortgage: Swapping ARMs and fixed-rate loans There can be strategic ...

If you can get a lower rate, you'll save even more. Consolidating debt or paying for a home improvement project The money you get from a cash-out refinance can be used however you like.

Home equity is at historic highs. If you've been faithfully paying your mortgage, you've likely built up quite a bit of it yourself. According to the Federal Reserve, American homeowners are ...