ASK & ANSWER | Browse questions and answers from our community experts
Showing 1 - 3 of 490 results.
What are the advantages of refinancing home loans?
Asked by unknown
1 Answers
There are many ways in which a refinancing home loan can prove to be financially advantageous for the borrower. By refinancing, the borrower will be required to pay a low interest rate which means a lower monthly payment. It also allows the borrower to shorten the loan term. You can also cover large expenditures using home equity i.e., the differen
What documents are mandatory to apply for refinancing home loans?
Asked by unknown
1 Answers
The documents that you will have to provide for home loan refinance may vary from lender to lender. However, in general there are few mandatory documents that you must have in place. They include pay stubs, current tax returns, insurance documentation like homeowners insurance and title insurance, tax forms like W-2s and 1099s, credit report, as we
What does refinancing home loans mean?
Asked by unknown
1 Answers
Refinancing home loans is a way of replacing the old home loan with a new one. It allows the borrower to pay off the old loan and start with a new one. A lot of people, especially the ones with good credit, refinance their home loans to reduce the burden of the debt. It is an easy option for borrowers looking for a lower interest rate and shorten t