refinance

States Where a Refi Could Help Homeowners the Most

Forty-three percent of 30-year mortgage holders are eligible for a refinance that would lower their mortgage rates, a new study shows. That means their credit rating is at least 720, they have at least 20% equity in their homes, and they can reduce their mortgage rate by at least 0.75% through refinancing, according to data compiled by research company Black Knight.  Read more.