is it easier to refinance than purchase

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Is refinancing harder than getting original loan? (loan. – Is refinancing harder than getting original loan? (loan officer, interest rate, real estate). my broker never gave me a rate that was better than a bank. On one or two days, he was the same, but for the most part he was higher always.. Approval is much the same for refi and purchase, and.

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Why is it easier to get a new mortgage than to refinance. – A refinance is typically easier than a new mortgage. Think about it: Both loans require the lender to document income sources, credit history, etc. Purchase loans require intensive documentation of the assets used for down payment.

Is a refinance easier than buying a home? – – St Paul, MN: Many people think that refinancing is easier than buying a home for two main reasons: 1) you already have a loan on the home, you make your payments, so it should be easy to refinance. 2) your current mortgage lender already has all their information, so they with easily refinance you, and they are the best place to call ** Sorry.

Home issues tend to crop up at the most inconvenient time. Your equity can give you the funds to buy that new furnace you suddenly need. Sure, interest rates are up a touch, but up from near historically low levels is still pretty low. This makes refinancing still a very viable option for many and it could be that way for you.

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For example, if interest rates are lower today than they were when you obtained your original loan, you might refinance to take advantage of the lower rate. (In fact, this is one of the most common reasons to refinance a purchase mortgage today.) But there are other reasons to refinance your mortgage as well. Here are just a few:

Should I Get a Home Equity Loan or a Cash-Out Refinance to Buy a New Property? [#AskBP 078] I just purchased an 07 Honda Accord EX-L. My current interest rate is 24.99% because I was a first time car buy with a fair credit score. Should I refinance my loan now through something such as Blue Harbor (Provided by Credit Karma) down to 4.99% or should I wait lets say 6-12 months paying it off at the 24.99%?

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