Keep a copy of your latest credit report at the time of loan application refinance.

Incomplete or falsified information increases the chances of disapproval or takes longer.

This is because home improvements you make, you increase the value of your home.

APR is the total amount of money repayable by the borrower to the lender on a loan, per annum.

Some people may need money not for expenses such as tuition or renovation, but to pay off other debts, such as credit card bills.

Often people who have 20-25 years left on their original mortgage can obtain a refinance loan at lower interest rates.