can i refinance my mortgage

Bought my home for 345,000 2 years ago with an fha loan. New lender said they can drop my interest rate from 4.5 to 4.125 and drop my monthly mortgage payments by 250 dollars a month by lowering my MIP. Is it worth it, I called my current bank and said they can do the same with a streamline refinance.

Wondering if You Can Refinance a Mortgage? | PT Money – Most people will refinance in order to get a better interest rate on their mortgage payments or to change the length of time they will need to pay down the mortgage. Whatever your reasoning is for refinancing, you need to first take stock of your finances. Getting your first mortgage a few years.

Not all borrowers benefit from a refi. Learn the. A refinance can cost more money in the long run if you start your new loan with a 30-year term.

Not sure which refi lender is right for you? We can help you find the right lender by asking you just a few questions. Let's see which lender you get matched with.

refinance mortgage rates today Compare Today’s Mortgage and Refinance Rates in New York. – Mortgage and refinance rates for New York. Shop the latest mortgage and refinance rates and get quotes tailored to you.

Fixed-Rate Mortgage. The most popular home loan features an interest rate that doesn’t change over the life of the loan. That means the principal and interest portion of your monthly payment won’t fluctuate, which makes it easier to budget for your mortgage from month-to-month.

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 · There are both good and bad reasons to refinance, and they are not just based on interest rates. find out when refinancing makes the most sense and when it could be a bad move.

If your current loan is backed by the FHA and your current mortgage rate is higher than 4.5%, it may be time to explore your refinance options. current mortgage rates are cheap, and FHA MIP is.

Tax breaks for refinancing your mortgage – With mortgage interest rates at historical lows, refinancing. balance from your old loan. This $300,000 part is treated as so-called home-acquisition debt for tax purposes. All the interest on up.

When Should I Refinance My Mortgage Loan? – Money Crashers – Refinancing your mortgage can be a money-saving move, but not in every situation. Since there are costs associated with all refinances, sometimes getting a lower interest rate can actually be more expensive than keeping your current loan.

what do i need for a home loan Can you take a loan with joint account? – With a joint loan, every borrower is usually (but not always) a partial owner of whatever you buy with the loan. Co-signers simply take all of the risk without any benefits of ownership. Co-signers do.interest rate for investment property Even if the property is an investment property or second home that used to be a primary residence, you can get a lower FHA Streamline premium if you took out the original mortgage before May 31, 2009.