Mortgage Refinancing Guide

Refinancing Consolidating First Mortgage Second Mortgage Section


Refinancing Consolidating First Mortgage Second Mortgage Navigation

Mortgage Guide Home Page
Tell A Friend about us
Home Mortgage Refinancing |
California Mortgage Refinancing |
Mortgage Refinancing California |
Refinancing Mortgage |
Home Mortgage Refinancing Loan |
Refinancing Mortgage Loan |
Mortgage Loan Refinancing |
Refinancing Mortgage |
Home Mortgage Refinancing |
Bad Credit Mortgage Refinancing |
Mortgage Rate Refinancing |
Refinancing A Mortgage |
Refinancing Mortgage Rates |
Mortgage Rates Refinancing |
Best Mortgage Refinancing |

List of Mortgage-Refinancing Articles

Refinancing Consolidating First Mortgage Second Mortgage Best seller

Buy it Now!

Best Refinancing Consolidating First Mortgage Second Mortgage Products

"Legit Online Jobs" - Click Here To Start Earning Today!

Ovation Credit Services
Check out Ovation Credit Services ... Fix your credit profile today! Ovation specializes in credit report repair. This is an awesome program. They get fantastic results and you'll be amazed at the low monthly fee. Highly recommended!

"How To Get A Mortgage"
Terrific resource on obtaining a mortgage, even if you've been foreclosed or filed bankruptcy. On sale now for only $10.00!

Click Here!

Loan Officer 101 Loan Officer Training. Learn How To Make $100,000 Per Year As A Loan Officer With This 18-lesson Training Program, Complete With 28 Marketing Ideas - Now Is The Time To Prepare For The Next Wave Of Lending!

Click Here!

Personal Loans & Visa Approved At Abacus
Offering Personal Loans, Credit Cards For The Credit Impaired.

Click Here!

Mortgage Secrets For Investors
Mortgage Secrets For Real Estate Investors E-book. Stop Getting Bullied By The Banks And Start Closing Your Investor Loans!

Click Here!

Bad Credit Personal Loans Regardless Of Bad Credit - Up To $25,000
Click Here!


Social bookmarking
You like it? Share it!
socialize it


Subscribe to our newsletter AND receive our exclusive Special Report on Mortgage-Refinancing
First Name:

Main Refinancing Consolidating First Mortgage Second Mortgage sponsors


Newest Best Sellers


Welcome to Mortgage Refinancing Guide


Refinancing Consolidating First Mortgage Second Mortgage Article

Thumbnail example. For a permanent link to this article, or to bookmark it for further reading, click here.

The Risks of Refinancing

from: Mortage & Debt Facts

Refinancing your mortgage is a great way to achieve lower interest rates, build equity, and get some much needed cash. There are a number of benefits for those that go through with refinancing but much like a double edged sword, refinancing can cut deeply, usually into the wallet.

It is said that to make money one must take risks and while this may prove true and in many cases, these risks may also be too great and simply not worth it. So, before you refinance take all the risks into consideration and then make a decision that will not make your situation worse.

The most important thing to do is to read the fine print on your mortgage, this will pretty much tell you if you should refinance and if the risks are well worth it. Even if you have to find a high powered magnifying glass the effort is worth it. Some mortgages have penalties associated with early payment of the mortgage which can out weigh the profit you will receive from refinancing.

There are several things to consider before you go through refinancing; the amount of time you choose to spend in your home is an important consideration as this will determine if it is all worth while. If you refinance will you remain in your home long enough to break even and pay off the new closing cost?

If this is the case, then you should go ahead and refinance. This can be determined by taking the profit of the new mortgage and dividing that number into the additional amount you owe. If you plan to move or sell your house before that time period expires then there really is not any reason to refinance your mortgage.

You will have to determine if you are going to refinance using a fixed mortgage or variable mortgage. A fixed mortgage keeps the interest rates at the same level while the variable can flux either up or down, at any given time. If you are going to own your home for decades then using a fixed mortgage rate to refinance will benefit you in the long run. If you plan to sell before interest rates have a chance to increase, a variable rate will be the best.

Another important factor to think about concerning the risks of refinancing is the reason you want to do it. Is the end result of such an action truly worth it? If you are planning to use the money you gain from refinancing as a way of quickly gaining cash to buy a boat, clothes, or to take a trip, you may want to rethink your plan. However, if you plan to reinvest the money or spend it on college or some other pursuit that will yield greater benefit and present little set back, then refinancing may be right for you.

Refinancing mortgages simply will not sit well with everyone's stomachs. And even if you find yourself with a seemingly perfect opportunity to lower your interest rates while keeping your monthly payments down, keep in mind everything that you are putting on the line. Weigh the risks and benefits carefully before deciding to refinance your mortgage.

Other Refinancing Consolidating First Mortgage Second Mortgage related Articles

Best Mortgage Refinancing
Mortgage Refinancing
Refinancing Mortgage
Mortgage Rates Refinancing
Refinancing Home Mortgage

Do you want to contribute to our site : submit your articles HERE

Refinancing Consolidating First Mortgage Second Mortgage Specific links

Refinancing Consolidating First Mortgage Second Mortgage News