factor for refinancing

hi robertsmith,

interest rate is not the only deciding factor for getting a refinance. refinancing a mortgage will depend upon the equity in the property, your credit score and income.

robertsmith2005,

Interest rate is one of the major facotrs why people Refinace. ( This probably will reduce your monthly payment)

But some may do this to remove or add some one to the loan.

Good luck and feel free to ask

Realgeni
-Good credit is easy to achieve, as long as you use it responsibly.