Refinancing your home involves replacing your old mortgage with a new one. This can lower your monthly payment, but the costs may outweigh any potential savings.

The key difference is that, with a simple refinance, you can defer closing costs by rolling them into the mortgage and paying ...

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Natalie toggles between news stories and enterprise reporting to bring timely personal finance topics to readers. Her mission is to help inform people of all financial backgrounds about events ...

Mortgage modification and mortgage refinancing can both accomplish that, although they don't work in the same way. If you want or need to make a change to your loan terms, it's helpful to ...

Refinance your FHA mortgage without an appraisal, minimum credit score or income verification. That's the FHA streamline refi ...

If you’ve bought a home with a mortgage, you know how the refinance application process works. It’s nearly identical to financing a purchase, minus all the complexities of buying a property.

Refinancing a mortgage may be a good move for you if you can lower your current interest rate or shorten your term to save on your monthly payments. But those aren’t the only reasons.

Before you apply for a new mortgage, you need to determine whether it’s worth paying to refinance and figure out when you’ll break even — the point at which the savings on your new mortgage ...

To make matters worse, the 30-year mortgage rate has held steady above 6% over the past year. On that last point, however, buyers were advised not to worry: They can always "buy now and refinance ...