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PRWEB) April 18, 2007 -- LoanPage.com offers homeowners several informative articles that explain the process of refinancing a mortgage as well as a free mortgage quote to compare home loan products. With interest rates on the rise, but still remaining far below historic highs, refinancing home loans continues to be popular with homeowners. LoanPage.com, a complete source of mortgage loan tools and lenders, offers help to homeowners who want to learn how to refinance their mortgage.
“ How to Refinance: Find Flexibility with an Interest Only Loan ”
Three new how-to articles from LoanPage.com highlight important information for homeowners who want to know how to refinance:
* "How to Refinance: Is the Timing Right For You?" reviews several reasons why homeowners should consider refinancing now instead of later (
http://www.loanpage.com/how-to-refinance-is-the-timing-right-for-you.aspx).
* "How to Refinance: Points vs. Rates" explains the best way to evaluate and compare loans by determining their cost (
http://www.loanpage.com/how-to-refinance-points-vs-rates.aspx).
* "How to Refinance: Find Flexibility with an Interest Only Loan" describes how interest-only loans can free up money and under which situation these loans work best (
http://www.loanpage.com/how-to-refinance-find-flexibility-with-an-interest-only- loan.aspx).
Refinancing home loans continues to be popular with homeowners who want to trade in a higher interest rate and lower their payments. Others are hoping to avoid a big jump in their monthly payments. "Among those borrowers who are choosing to refinance now, a large share are doing so to avoid an adjustment to their monthly payment as the initial period on their adjustable-rate loan expires or to extract equity through a cash-out refi," according to a statement by Frank Nothaft, Freddie Mac's chief economist.
Using the free mortgage quote tool and mortgage calculators at LoanPage.com can help homeowners compare refinancing options such as interest-only, fixed-rate and variable home loans. For homeowners who choose to refinance their mortgages, knowledge is power, and the resources at LoanPage.com can help them avoid mistakes when shopping for home loans.
LoanPage.com is a complete source of mortgage loan tools and resources, including calculators and a mortgage glossary. Visitors can find answers to the most common loan questions, download a loan application or find lenders in their area.
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