Thursday, July 19th 2018

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What are refinancing rates?

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11th Nov 2009 by Burt Carlson

Refinancing rates are generally the same as rates for purchases for primary residences unless you are getting cash out in which case the rate may be higher. These rates are determined by "market conditions", credit score, Loan to Value (the amount you owe on your home divided by the value) and the type of property being refinanced (for example, a primary home will have rates lower than a second or investment property).

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28th Oct 2009 by Gary

Refinancing rates are no different than rates asked for when taking out a loan on your home in the first place. With interest rates it's determined by your credit rating and collateral, along with existing market rates. Rates as far as it relates to the costs of refinancing, are just like closing costs when your originate the first loan. The difference is there are no broker fees to pay.

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27th Oct 2009 In Finance 2 Answers | 1965 Views

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