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 find out if refinancing is right for you and to be aware of refinancing do's and dont's. More resources are available on the mortgage refinancing section of the NeighboWorks Web site. Your local NeighborWorks organization financial counselor can also help you determine your options.
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