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)