refinancing: How does a home equity line of credit work?

You can install this refinancing calculator on your web site and allow your web site vistors to explore refinancing without leaving your site. If youre unsure how much longer you might live in a particular locale use recouping your refinancing costs in five years or less as a good rule of thumb. 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. Your refinancing cost is the total of any points closing costs and private mortgage insurance pmi premiums that you pay when you take out the new loan.

refinancing: Can you refinance after bankruptcy?

Even if the lender does not give you the appropriate form you may cancel by sending a signed dated letter to the lender indicating your desire to cancel the refinancing. From saving thousands consolidating debt to tapping into your home equity refinancing could be the solution to your problems. However if you are in the midst of financial difficulties if you have too much debt or if you have bad credit refinancing is loaded with pitfalls.