Thursday, October 19th 2017

Question

What are refinancing rates?

Interesting Question?   (7)   (12)



Answers (2)

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).

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
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.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



27th Oct 2009 In Finance 2 Answers | 1773 Views
Subjects: rates, refinancing,

Answer This Question / Give Your Opinion
What are refinancing rates?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
Which banks offer the best savings accounts rates in India?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
Which banks offer the best savings accounts rates in India?
Unanswered Questions in Finance
What are financing activities?
How to finance a merger?
What is business financing?
How to finance a ring?
Does paying off a car loan help your credit?

Answered Questions in Finance
What is a judgement debt?
How to finance a tv?
How to finance home improvements?
What is a subsidised loan?
How to stay out of debt?
Ask A Question
Get opinions on what you want to know:
Specific to any country?