Refinancing Information from NeighborWorks America
Mortgage refinancing is the process of taking out a new mortgage. As Adjustable Rate Mortgages (ARMs) adjust upwards along with rising interest rates, many homeowners wonder how they can change or improve their current interest rates or the terms of their existing loans through refinancing. Deciding to refinance your home can be a difficult decision, so its important to to contact your local NeighborWorks organization's financial counselor to determine your options. Here's some more information to help you make your decision:
- Is refinancing is right for you?
¿Es la refinanciación conveniente para usted?
- Refinancing do's and dont's
Cosas que debe hacer y que no debe hacer al refinanciar - Understanding Your Financial Goals
- Understanding If Refinancing for a Better Rate or Different Terms Is Right for You
- Understanding If Converting Equity to Cash Is Right for You
- How to Prepare for Borrowing Again
- How to Shop for the Right Lender and Loan
- Understanding the Loan Process
- Understanding Your Responsibilities After Loan Closing
More Resources
Federal Reserve System
Federal Trade Commission