Refinance Quotes

You'd want to refinance to either reduce the monthly cost of your mortgage or to reduce the amount of time remaining on your mortgage... In some cases, you'd actually keep both the payments and loan length the same but refinance to [tap into the equity and pull out some of the appreciated value.] - Michael Strauss

You take this loan and agree to pay a slightly higher mortgage payment because you want the renovations rolled in -- but then since you've got the instant equity you can turn right around and refinance to lower your monthly payments. - Brian Carr

With mortgage rates continuing to slip, a new wave of refinancing has appeared. According to the Mortgage Bankers Association of America, applications for refinance jumped 15 percent last week, near the record high set in March. And according to Freddie Mac's quarterly refinance review, the average age of a refinanced loan fell to 1.9 years in the first quarter of this year. - Frank Nothaft

When taken as a whole, this week's economic data point towards both low mortgage rates and a growing economy, both of which are good news for current homeowners looking to refinance and for families hoping to become homeowners. - Frank Nothaft

When I found out I was pregnant, we refinanced everything. - Nancy Jack

We're concerned for borrowers because they may not fully understand what may happen. In three or five years, we may be in a different credit cycle and they may not be able to refinance as easily as they expected. - Beth Haiken

We expect some slowdown in the mortgage business as the refinance boom fades. - John Devine

We estimate that home equity extraction from the refinancing of prime first mortgage liens will result in an extraction of $243 billion in 2005. However, equity extraction in 2006 will likely fall sharply, by a little more than half to about $117 billion, as we expect lower refinance activity and slower house-price appreciation. - Frank Nothaft

We believe interest rates will continue to rise and therefore believe the timing is right to lock in long-term rates. Accordingly, the company is considering several proposals to refinance approximately $160 million of its current portfolio with 10-year fixed rate financing. We expect to complete the refinancing by July 1st of this year. - Joe Green