Q U I C K E N L O A N S G U I D E
Refinancing
Home Loan U is a free educational series from Quicken Loans,
created to help you make the most of your home, and home
financing, at every stage of life.
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TABLE OF CONTENTS
A Short Course in Refinancing Your Mortgage
Welcome to the Home Loan U Guide to Refinancing from Quicken Loans. Here, you’ll
learn the important advantages of refinancing, as well as information about your
options and home loan products that can better your situation. If you’re looking for
the tools you need to make an educated decision on refinancing your mortgage and the
knowledge you need to achieve your financial goals, you’re in the right place. Here’s
what you can expect to learn:
Prep School:
Why Refinance? ............................................................................... 4-5
Do the Math:
Equity + You = Power ............................................................................ 6
Do Your Research:
Go Bigger or Go Home ........................................................................... 7
Study Guide:
The Short Course in Home Loan Options ..................................................... 8
Learning from Others:
Case Studies in Refinancing as the Solution to Financial Hurdles ........................ 9
Never Stop Learning:
Count on Quicken Loans for Life ............................................................10
Contacts at a Glance .........................................................................11
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PREP SCHOOL:
WHY REFINANCE?
Your life changes, and your mortgage should change with it. Whether you
are moving, staying put, have a lot of expenses, or experience a change in
your finances, it’s important to make sure your home loan is keeping up with
you. Here are some of the most common reasons that homeowners choose to
refinance:
Your Mortgage Interest Rate Is Higher than the
Current Market Interest Rate
Even a small reduction in int