Can I refinance my reverse mortgage

Yes, you can refinance your reverse mortgage, if you’re qualified, and your new loan meets the guidelines. Some good reasons to refinance are: Borrow more money Get a lower rate Add your spouse as a borrower Remove your spouse as a borrower (e.g., after divorce) You can’t have two reverse mortgages at the same time, […]

pros and cons of refinancing mortgage

Your home is one of the most expensive things you’ll buy in your life. They’re so expensive that most people need to use a mortgage to borrow money to buy their home. Some people call mortgages “good debt” because they help you buy an asset. Real estate is valuable, and owning a home can help […]

Beware of these hidden costs mortgage refinance

This article looks at the hidden costs of refinancing a mortgage. Click here if you’re interested in a step-by-step guide to calculating the total cost of a mortgage refinance. Getting a mortgage used to involve a lot of unwelcome surprises – mainly big fees – at closing when it was often too late to walk […]

calculate home affordability. Home affordability rules of thumb

Refinancing a home loan can help you save money or accomplish other financial goals. But refinancing isn’t free. How much it will cost you to refinance your mortgage depends on the type of loan you choose, your loan amount, and where you live. Here are the details. How much will it cost to refinance my […]