Saturday, December 15, 2007

refinancing: Why do you need title insurance when you are refinancing?

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For home mortgages in the united states there may be certain tax advantages available with refinancing particularly if one does not pay alternative minimum tax. By refinancing an adjustable rate mortgage into a fixed rate one the risk of interest rates increasing dramatically is removed thus ensuring a steady interest rate over time.

If your home is collateral in a refinancing deal remember that you have three days to cancel. Refinancing your mortgage can be a financially advantageous move particularly for those who would like to go from an arm to a fixed interest rate. Reverse mortgages are available as a refinancing option for older homeowners who have built up substantial equity in their property. There are many situations where home loan refinancing can be a benefit to you.