Ask 5 Questions Before You Refinance to a Shorter Mortgage » Mortgage Masters Group

The Four Best Questions To Ask Before Refinancing Your. – The Four Best Questions To Ask Before Refinancing Your Mortgage.. shorter term mortgages save you money since you pay less interest over their lives. They also get you out of debt sooner, at least with regard to your house.. If you have an adjustable rate mortgage, you may want to switch.

5 Questions to Ask Before You Refinance Your Mortgage. – If it costs you $3,500 to refinance your mortgage, it would take you about two years to break even. If you sell your home before you break even, refinancing may not have been worth it. Are you.

4 Factors To Consider Before You Refinance.. Lenders do not ask about current value, even if home values have dropped.. Factors To Consider Before Refinancing. Low mortgage rates are a great.

5 questions to ask before investing with refinance money. "If you can get a bond that is paying 5 percent a year and your mortgage is 3.5 percent, then you are making money, earning.

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When buying a home, selecting a mortgage lender is a big decision. Many home shoppers opt to use a lender that’s recommended by their real estate agent, but that doesn’t guarantee you’ll get the best rate, or that the lender will have experience in loans for your unique scenario.

Mortgage Basics – – The term of your mortgage is the amount of time you have to repay the mortgage loan. A 30-year fixed mortgage is a common term. However, shorter-term mortgages, say 15 years, are also available. A longer-term mortgage may mean lower monthly payments. A shorter-term mortgage means you’ll pay the loan off faster.


Before refinancing, shop around for the most competitive rates and terms. Ask your loan officer or mortgage broker to crunch the numbers for you to determine the bottom line outcome. If your lender can’t answer your questions, find one who can. As a consumer, you deserve full disclosure. As a prudent homeowner, never sign up for a loan that you can’t manage. Further information: Mortgage refinance faq; mortgage refinance; fannie Mae ; fha streamline refinance; fha Loans

“Ask Brianna” is a Q&A column for 20-somethings or anyone else starting out. I’m here to help you manage your money, find a job and pay off student loans – all the real-world stuff no one taught us.

At NerdWallet, we strive to help you make financial decisions with confidence. Kevin Brasler recalls barraging an obliging salesperson with questions about car seat safety when he was a concerned.

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