refinance without closing cost
refinance without closing cost
refinance without closing cost

 
In case if a person has bad credit, it is difficult to refinance a home loan.

Getting a mortgage with good interests is easier now, than it has ever been.

todays 30 year mortgage rate recast mortgage income calculator mortgage

Home refinancing is very easy for those who have a good credit rating, but for those who have bad credit, it can increase the difficulty when the home owner looking for a home loan.

You put your home as equity to receive a lump sum, which you pay, plus interest within 10 to 15 years.
A fixed rate of interest remains unchanged throughout the period of the loan.

This means that if your initial rate was 8%, although rates have declined by 7%, you still have to pay 8% as your "floor rate".