When you purchase a home, remember that you marry the house, not the interest rate.
You can always refinance your mortgage for several reasons. You might want to change the term lessen the years, extend the years, get cash out, or change the interest rate. I made this video just for you to know how to refinance your home mortgage.
Home Financing how to Refinance your home Mortgage: the Merriam-Webster Dictionary says that to refinance means to reorganize the financing of something. So when you're refinancing a home, you're extending the debt that's already there.
Now, if you paid cash for a house, you can refinance as well and take cash out.
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Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497
💻Visit My Website - www.loanwithjeneducation.com/
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00:00 Refinancing
01:19 Documents you need to start the refinance process
02:37 Choose the lender to do your refinance, make sure it's someone you trust
03:15 Understand all the costs involved and what your new interest rate and payment will be
03:55 Understand that there are fees to refinance
05:18 You will need to re-qualify for the loan
05:51 Lock in your interest rate
21 июл 2024
