Refinancing Advice Links

Mortgage Q&A: Running the numbers on refinancing

Q. I'd like your sage advice on whether you think I should consider refinancing. My current loan balance is $250,000 with a fixed interest rate of 5.50 percent on a 20-year term. Our monthly principal-and-interest payment is $2,710. Our property is worth at least $600,000. I have been making an ...

First Person: The New Refinancing Plan Will Save My Home

*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles.

Is a cash-out home refinancing right for you?

Dear Dr. Don,I have a question of whether to refinance. We have been in our home for 21 years and are not close to retirement. Our ages are 49 and 51, and we have a first and second mortgage. The first ...

Mass refinancing: The ‘biggest thing’ Obama can do without Congress

From 2001 to 2003, Glenn Hubbard served as President George W. Bush’s chief economist. Today, he’s dean of Columbia University’s School of Business and one of Mitt Romney’s top economic advisers. But right now, the candidate who could most benefit from his advice is President Obama. Hubbard is an advocate for using Fannie Mae and Freddie Mac to set off a nationwide wave of mortgage refinancing ...

Snag lower rates with serial refinancing?

Dear Dr. Don,Is there any reason not to refinance a mortgage multiple times within a year, provided it comes at no cost? That would mean absolutely no fees, and we would only have to pay for the prepaid ...