refinancing: Are FHA Refinance Loans a Great Option Right Now? - 07/17/20 06:43 AM
With mortgage interest rates at historic lows, now is an excellent time to refinance an existing home loan. Refinancing makes sense for borrowers who have fixed-rate loans at much higher rates than what lenders are currently offering. FHA refinance loans are a popular option due to their favorable terms for borrowers.
 
What is Refinancing?
Refinancing replaces an existing mortgage with a new mortgage. The new loan may have a lower interest rate or a shorter term, helping borrowers save money in the long run. Refinancing can also help borrowers eliminate their private mortgage insurance premiums or take out cash for home improvements, making … (0 comments)