Refinancing
When Does Refinancing Make Sense? The Break-Even Calculation
Use the refinance break-even calculation to see how many months lower payments take to repay closing costs. Includes examples and hidden factors.
Refinancing
Break-even math, streamline programs and when a new loan actually pays off.
Refinancing
Cash-Out Refinance vs. HELOC: Which Is Cheaper?
Compare a cash-out refinance and a HELOC for tapping home equity: rates, costs, payment impact and when each makes sense if your first-mortgage rate is low.
Refinancing
FHA Streamline Refinance: Requirements and Benefits
The FHA Streamline Refinance lowers your rate with less paperwork and often no appraisal. Learn the seasoning rules, net tangible benefit test and MIP refund.
Refinancing
VA IRRRL: The Interest Rate Reduction Refinance Loan Explained
The VA IRRRL lets veterans refinance an existing VA loan to a lower rate with minimal paperwork. Learn eligibility, seasoning, recoupment, fees and costs.
Refinancing
Removing a Spouse From a Mortgage After Divorce
A divorce decree doesn't remove anyone from a mortgage. Learn the options to take over the home loan: refinancing, assumption, modification or selling.
Refinancing
No-Closing-Cost Refinance: What You Really Pay
A no-closing-cost refinance trades upfront fees for a higher rate or bigger balance. Learn how it works, the break-even math, and when it's the smart choice.
Refinancing
Refinancing With Bad Credit: Realistic Options
You can sometimes refinance with a low credit score through FHA Streamline, VA IRRRL or FHA cash-out. See realistic options and steps to improve your odds.
Refinancing
Recasting vs. Refinancing: Lowering Your Payment Without a New Loan
A mortgage recast lowers your payment after a lump-sum principal payment while keeping your rate and term. Compare recasting vs. refinancing, fees and rules.