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what is refinancing a mortgage Informational
- What documentation might lenders require?
- Carefully evaluate the pros and cons of debt consolidation. What are the potential benefits of refinancing to a mortgage with features designed for seniors or retirees, such as a reverse mortgage?
- What government agencies or consumer protection organizations can assist?
- How does a cash-in refinance work?
- How do structural problems affect the appraised value? Can you refinance a mortgage if your income is inconsistent?
- What documentation is typically required for self-employed borrowers refinancing?
- Disaster recovery can impact refinance eligibility and options. What are the potential benefits of refinancing to a mortgage with features that support community development or affordable housing initiatives?
- What are the advantages of refinancing a mortgage with a balloon payment?
- When is it beneficial to pay for points? How does the annual percentage rate (APR) differ from the interest rate in a refinance?
- How does a shorter term affect your total interest paid?
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