Are you thinking about refinancing your existing home mortgage? If so, there’s a handy guide to home loan refinancing from the Federal Reserve Board that covers some important topics, such as:
- Comparing home loan refinance options
- Understanding ‘no cost’ refinances
- Calculating when you will recoup the expense of refinancing your mortgage
- Home mortgage prepayment penalties
There’s also a glossary of home loan refinance terms that’s highly useful.
The pamphlet dates from 2008 and is 29 pages, it opens up in just a few seconds via pdf – here’s the link:
A Consumer’s Guide to Mortgage Refinancings
By the way, if you would like recommendations to two mortgage professionals who I think are extremely good, just call or drop me a line. (They are also listed on my Resources page.)
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