Key takeaways A cash-out refinance replaces your current mortgage with a new, bigger one that converts some of your home’s ...

After bobbing around for a week, rates on 30-year refi loans have now dropped for a second consecutive day. Rates fell for many other refinance loan types as well.

Several benchmark refinance rates have decreased. If your mortgage rate is 1% higher than today's rate, a refinance might be ...

Whatever your situation, refinancing is a way to make sure your home loan is suited to your financial needs. The new lender (or your mortgage broker) prepares all the paperwork you need to read and ...