No-closing-cost mortgage loans were extremely popular during the late 1980s and 1990s. From a mortgage lender'therefore perspective, they were occasionally overly popular, as some creditors refinanced multiple times during a 12-month period. Closing costs are occasionally more than a bothersome fact to mortgage borrowers, as they can prevent cash-strapped possible buyers from owning a new… Continue reading What Are No Closing Costs?

By refinancing a home mortgage, homeowners can save a significant amount of money every month on their home loan payments. A homeowner with a 30-year fixed-rate mortgage loan of $165,000 would save more than $100 every month by refinancing from a loan with an rate of interest of 6 percent to one having a rate… Continue reading The Way to Refinance a House