Savings Corner

APRIL 4, 2024

Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access BR Tech Services, Inc.

Consumer 52

Consumer Ranges Credit Home 52

Savings Corner

APRIL 4, 2024

What is mortgage refinancing? Mortgage refinancing is when you replace your current home loan with a new one. When you refinance, the borrowed money from your new loan pays off your existing loan. Most people refinance to lock in a lower interest rate and lower their monthly payment, or to shorten the term of their mortgage.

Calculators 40

Calculators Refinancing Insurance Homeowner Insurance 40

Savings Corner

DECEMBER 24, 2023

Tony Anderson/Getty Images: Illustration by Issiah Davis/Bankrate If you’ve never owned a home before, you might qualify for a first-time homebuyer loan. Types of first-time homebuyer loans and programs Eligible first-time homebuyers have several options when it comes to getting a mortgage and purchasing a home.

Insurance 52

Insurance Finance Home Education 52