Question : Is it possible to refinance a home equity loan to be able to get a lower rate?
Just wondering if anyone had any information about being able to refinance a home equity loan to receive a lower rate and if so, how to go about doing that.
- asked by CHRISTINA N
All Answers:
Answer #1
Hi there,When it comes to refinancing a homeequity loan you reall have to shop around to makesure you get the best deal. You your deciding onyour option you make to make sure you get thefollowing*Competive Rate*Lower you repayments*Great Customer ServiceYou must not forget the lastpoint, remember your the customer and the customeris always right !!!!Give these guys a go, I thinkyou will be pleasantlysupprised
http://tinyurl.com/yqnx37
- answered by Answer G
Answer #2
Yes, it is not uncommon. A home equity loan is asecond mortgage, and the process is essentiallythe same as refinancing your primarymortgage.Depending on your financial goals, youmay want to consolidate your first and secondmortgage into a single, low interest primarymortgage.This can be beneficial since secondmortgages (home equity loans, HELOCS, etc) alwayshave higher rates than first mortgages.However, ifyou are certain you want a new second mortgage,keep your credit clean, as second mortgage ratesare heavily dependent on your credit score (evenmore so than first mortgages)Feel free to checkout my mortgage information site (no, it's not asales site)
http://www.mortgagemystery.com/ -it containts a good deal of useful informationabout every aspect of the loan process
- answered by robert_byrne
| 
measure and fulfill your financial needs
