Q:

What are some refinancing options at Nationstar Mortgage?

A:

Quick Answer

Nationstar Mortgage offers multiple refinancing options, including changing the terms of the current loan or lowering the interest rate, according to Nationstar Mortgage. This is all initiated online with an easy application or by calling the mortgage company for more information. Nationstar states that the online form to request a loan is free and easy to fill out.

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Full Answer

Refinancing gives homeowners the options of having a more affordable mortgage, whether it is through having different terms by paying less over time, or saving monthly with a lower interest rate, notes Nationstar Mortgage. There is the option of changing to a fixed loan or choosing an adjustable rate mortgage by converting the old mortgage to the new one. These refinancing options are available to people whose homes have lost value over time.

Another benefit of choosing refinancing at Nationstar Mortgage is that even people who have lower credit scores can qualify for some of the programs, according to the company. The online form allows homeowners to request a loan and get more information emailed to them, or they can call Nationstar to speak to a live representative. The actual application for the refinancing must be completed over the phone. This is also a benefit, since the representative can help the homeowner decide which option is best for his current situation.

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