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Top Ten Reasons People Refinance A Home

Here's the top ten reasons people refinance a house or their mortgage:

Top Ten Refinance A Home

10. Divorce Situation or Change of Title

9. To Shorten the Term of a Note

8. Convert from Principal and Interest Payment to Interest Only Payment

7. Convert from Adjustable Rate to Fixed Rate Mortgage

6. Convert from Fixed Rate to Adjustable Rate Mortgage (ARM)

5. Consolidate Consumer Debt

4. Take out equity for investment needs

3. Combine 1st and 2nd Mortgage

2. Eliminate Private Mortgage Insurance ("PMI")

1. Lower Interest Rate

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