Typically one only rationally considers refinancing if the potential for a substantial cost savings exists or if there is a need to extend the loan due to weak cash flow or other non recurring committments. Points can be paid out of the cash saved by refinancing the loan in the first place. 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. Refinancing involves great potential for hidden costs fees security interests and other unfair loan terms. If the value of your home has increased you may want to look at the possibility of refinancing more than the value of your current mortgage. We do need for you to apply online if you are not buying or refinancing in texas.
