Tag Archive: second refinance

Why More Homeowners are Refinancing to Shorten Their Terms

August 17, 2016 by Leave a comment

Most people refinance for one of three reasons: Reduce their interest rate Reduce their monthly payment Convert some of their equity into cash Recently, however, equity has built up in millions of homeowners’ properties thanks to three years of rising home values. This has lead to an incread many owners are also using equity to... View Article

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Refinancing Redux: What Happens the Second Time Around?

September 28, 2015 by Leave a comment

Given persistent low-interest rates, some homeowners are asking if it’s worth it to refinance a second time before rates creep back up. Counting all types of refinances, Freddie Mac, the government-sponsored mortgage outfit, says the average loan refinanced in the first quarter of 2015 was about 5.6 years old, and homeowners cashed out a total... View Article

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