A Mortgage Refinance Guide for Your Real Estate Clients

Are you getting questions about mortgage refinancing from your real estate clients?  I am, and I recently found a good consumer’s guide to home loan refinancing by the Federal Reserve Board.  One of the reasons I like it is that it  seems to clearly explain some mortgage topics that people commonly get confused about, including:

  • Comparing home loan refinance options
  • Understanding ‘no cost’ refinances
  • Calculating when you recoup the expense of refinancing a mortgage
  • Home mortgage prepayment penalties

There’s also a glossary of home loan refinance terms that’s highly useful.

The pamphlet dates from 2008 and is 29 pages, it opens up in just a few seconds via pdf – here’s the link at the Federal Citizen Information Center:

A Consumer’s Guide to Mortgage Refinancings

Irene Nash
 

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