It can make sense to refinance your home equity loan as interest rates decline, but only in certain circumstances.

For some homeowners, refinancing could be the right move now, but waiting it out could also come with a big payoff.

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

The rate on a 30-year fixed refinance declined to 6.37% today, according to the Mortgage Research Center. The 15-year, ...

Refinancing could make sense if you want to lower your interest rate, get rid of mortgage insurance or change loan terms ...

With expected lower rates, some homeowners might want to refinance. But experts say that this does not pay off for everyone.

Refinancing a home can be a very smart financial move for many homeowners looking to lessen the burden of paying a loan. It involves replacing your current mortgage with a new one that has favorable ...

Refinancing a home equity loan can lower monthly payments and lengthen or shorten your loan term. Drawbacks to refinancing a home equity loan include prepayment penalties and closing costs.

Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.35%. For 20-year mortgage refinances, the average rate is 6.02%. Related: Compare Current Refinance Rates 30-Year ...

A cash-out refinance replaces your current mortgage with a new, bigger one and converts the difference between the two ...

If you’re evaluating your long-term financial health, it might be worth considering the reasons to refinance your home. Homeowners, having a lower interest rate and a more affordable monthly payment ...

Refinancing your mortgage can free up cash by lowering your monthly payments or save you money in the long run with a lower interest rate. However, finding an advantageous refinancing option can be ...