Real Estate Law

A Free Service Provided By www.FactsOfLaw.com
Home

 

 

Legal Topics

Arbitration and Mediation
Bankruptcy
Bextra
Car Accidents
Celebrex
Child Support
Child Custody & Visitation

Copyright Law
Criminal Law
Dangerous Drugs
Death
Divorce
DUI Drunk Driving

Elderly Laws
Employees' Rights
Estate Planning
Family Law
Fen-Phen
Immigration Law

Lawsuits
Lemon Law
Marriage
Medical Malpractice
Megan's Law
Meridia
Mesothelioma & Asbestos

Mold
Probate & Estates
Product Recalls
Real Estate

Statute of Limitations

Taxes & the IRS
Traffic Violations
Vioxx
Wills
Workers' Compensation
Work Related Injury

Privacy Policy

Contact Us

About Us

 
Facts - Books - News    U.S. Facts Of Law:


Real Estate Refinancing

Real Estate refinancing is the replacement of the present mortgage secured by the property with a new mortgage using the same property as collateral.

Real estate refinancing can be used to take some built up equity out of the property, to replace the existing mortgage with one having a lower interest rate or to move other debt that is not tax favorable to the mortgage which does have tax advantages.

An alternative to refinancing to take some equity out of a property is to take out a second mortgage.  A second mortgage is subordinate to the first mortgage and usually has a higher interest rate than can be had with a new first mortgage.

A second mortgage offers the advantage of not altering the original mortgage and usually involves less scrutiny and paperwork.  The advantage is that it is an easy way to move high rate credit card and other non-secured debt to a lower second mortgage rate with tax advantages.

A second mortgage can also be structured in the form of a credit line.  In this type of second mortgage the loan amount is in place but interest is only charged on the amount of the credit line being used.  It also has the flexibility to be used, paid down and used again.

In conclusion, if your objective is to reduce the interest rate on your first mortgage or you wish to use the lowest rate available to pull equity out of a property, then real estate refinancing is for you.  However, if you just need a quick, easy way to access some equity to pay off some credit card debt or use equity as a credit line, then a second mortgage might better fit the bill.

 

Real Estate Refinancing Best Sellers from Amazon.com

(no title)

 

Newsfeed display by CaRP

Real Estate Refinancing News
GN News

This RSS Feed URL Is Deprecated
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Purefy Review: Student Loan Refinancing With Flexible Solutions Student Loan...
Student Loan Hero blog Purefy Review: Student Loan Refinancing With Flexible Solutions Student Loan Hero blog From a less than stellar GPA to a high student loan rate, your college era mistakes have a way of sticking with you. But even if you never earned a spot on the dean39s list, you can get a second chance at a low cost student loan. Refinancing your Should You Refinance or Consolidate Your Student Loans HuffPostHuffPost all 7 news articles raquo

PDL Applies For USDA Refinancing Holmes County Times Advertiser
PDL applies for USDA refinancing Holmes County Times Advertiser PONCE DE LEON The town of Ponce de Leon hopes to save nearly 130,000 by refinancing two existing USDA loans. Council members voted to make application for a consolidation refinance during a called meeting Jan. 11. The Town originally applied for the

Why It May Be Unwise To Refinance A Low Home Mortgage Balance Washington Post
Washington Post Why it may be unwise to refinance a low home mortgage balance Washington Post Q: Is it wise to refinance my mortgage if it has a balance of just 26,000 The loan was for 30 years at a fixed interest rate of 7.5 percent. I purchased the home and took out the loan in 1996. My payments each month include insurance and taxes. A

The One Big Reason Itaposs So Hard To Refinance Your Student Loans Money Mag...
Money Magazine The One Big Reason It39s So Hard to Refinance Your Student Loans Money Magazine Looking to refinance your student loans to get a better deal Be prepared to pass what turns out to be a very high bar set by lenders, or you39ll wind up rejectedlike the majority of applications. More than half of borrowers who applied for

IMPORTANT NOTICE: This webpage is Copyrighted content.  No portion of this page may be copied to any other webpage, forum, blog or other domain page or offline publication without written permission from FactsOfLaw.com. Violators will be prosecuted to the fullest extent of the law.

The information provided by FactsOfLaw.com does not constitute legal advice or any other type of advice and is provided for educational purposes only without warranty of any kind. FactsOfLaw.com has not reviewed the information on this page for accuracy and is not responsible for any errors, omissions or inaccuracies.  For legal advice you should consult a licensed attorney.

 

Copyright All Rights Reserved - FactsOfLaw.com
No Portion of This Page May Be Copied Without Written Permission

Facts of Law about real estate refinance

Facts of Law - Refinance