More Than 95 percent of refinancing borrowers choose fixed-rate mortgages. In the fourth quarter of 2011, fixed-rate loans accounted for more than 95 percent of refinance loans.
Obama Helps Underwater Homeowners
February 22, 2012 By
Obama proposes refinancing plan for underwater homeowners. The president aims to help about 3.5 million people with good credit who are unable to refinance at historically low rates because their homes are worth less than their mortgages.
Time To Refinance Your Car
February 22, 2012 By
DETROIT — As we move further away from the credit freeze, some consumers might want to think about taking a blowtorch to high-rate car loans that they took out just two years ago or so.
It may be possible to find and yes, qualify for a lower rate that would make refinancing an existing car loan a great way to save money.
