Rants on the topic of refinance home loan
The new types of non amortizing mortgages that became popular in the last decade or so are part of the reason for the mortgage industry collapse, so if you want, say, a balloon mortgage, be prepared to show strong credentials. * And, of course, interest rates are about as low as they can go. Don't be misled by the fractional ups and downs of the current market; the fluctuations downward are going to stay small, and will be more than balanced out by upward fluctuations. The longer you wait, the greater your chance that rates will have risen and your home mortgage will be that much more expensive. Acting fast is the key to taking advantage of the current volatile economy.