Mortgage rates started to climb in late 2021. As a result, refinance activity decreased gradually and subsided altogether by 2023. During the initial quarter of 2023, the number of new loans initiated ...

Lender requirements vary, but you generally need the following to refinance a car. With positive equity, your vehicle’s ...

The FHA streamline refinance program makes it easier and cheaper for borrowers who have a Federal Housing Administration-insured mortgage to refinance their loans at lower rates. FHA streamline ...

When someone gets a VA cash-out refinance, they are applying for a new loan, a new interest rate and new monthly payments. Veterans who qualify can apply for this loan in order to receive cash based ...

A jumbo mortgage refinance is similar to refinancing a conventional home loan, though it comes with stricter eligibility requirements. A jumbo home loan is a mortgage that exceeds Freddie Mac and ...

Refinancing your mortgage loan could take between 30 and 45 days on average. The timeline covers finding a lender, applying, fulfilling lender requests and closing on the loan. You can speed up the ...

Home equity loan refinances can reduce your monthly payments, though there are some risks to be aware of. As home equity loan rates continue to decline, homeowners may consider a home equity loan ...

Refinancing a federal Parent PLUS loan can be a smart way to save money on interest or reduce your monthly payments. Typically, private lenders handle Parent PLUS refinancings, and that means you will ...

Student loan refinancing involves taking out a new loan to pay off one or more of your current student loans and streamline the repayment process. It can provide a lower interest rate, extend your ...

A mortgage refinance replaces your current home loan with a new one. Often people refinance to reduce the interest rate, cut monthly payments or tap into their home’s equity. Others refinance a home ...

You have hefty financial goals or need to make a big-ticket purchase but don’t quite have the cash on hand. A cash-out refinance could be an option if you have a sizable amount of equity in your home.

Maurie Backman is a personal finance writer who covers topics ranging from Social Security to credit cards to mortgages to REITs. She also has an editing background and appears on live podcasts to ...