4 Big Refinancing Questions Answered

Mortgages

4 Big Refinancing Questions Answered

4 Big Refinancing Questions Answered

You may have heard about it on the news, your neighbors may be bragging about it or you could have even received eligibility notice in the mail — but what is the real deal behind refinancing? Before you crunch your personal numbers and weigh the costs and benefits of refinancing your mortgage, you need to be… Read More

The Unexpected Ways Refinancing Can Save You Money

Mortgages

The Unexpected Ways Refinancing Can Save You Money

The Unexpected Ways Refinancing Can Save You Money

Refinancing your home can help lower your monthly mortgage payments or get your home paid off faster – if executed properly. Refinancing won’t eliminate your debt, but it can restructure your debt to better suit your needs. If you are considering getting started on the process, it’s important to think about both the immediate and… Read More

You May Want to Refinance If…

Mortgages

You May Want to Refinance If…

You May Want to Refinance If…

Have your finances changed significantly since you applied for your mortgage? Whether you are struggling to make payments or have a greater income each month, you may want to consider refinancing your home loan. It doesn’t hurt to run the numbers to see if refinancing is right for you, especially if you fit into one… Read More

The Key to Buying a Second Home

Mortgages

The Key to Buying a Second Home

The Key to Buying a Second Home

If you’re looking to buy an additional home, you may be facing a big hurdle: your other debts. The percentage of your income that you pay toward your debt is a critical factor in determining how much house you can afford. If your total monthly debt payments, including your current house payment and your proposed… Read More

Should Student Loan Refinancing Be Mandatory?

Students

Should Student Loan Refinancing Be Mandatory?

Should Student Loan Refinancing Be Mandatory?

In a recently published research paper, three professors from the University of Chicago and Brigham Young University asked a provocative question: Should consumer-borrowers be forced to refinance their mortgages when it is in their best financial interest to do so? After studying a random sample of 1.5 million residential mortgages that were outstanding in December… Read More

How to Pull Cash From the Home You Just Bought

Mortgages

How to Pull Cash From the Home You Just Bought

How to Pull Cash From the Home You Just Bought

As this exuberant housing market takes shape, the chance to harvest equity – to tap into idle cash – from your home may prove to be a worthwhile endeavor. In March 2011, Fannie Mae lifted the requirement that you had to hold title to a property for six months before you were allowed to access your… Read More

HARP Extended Through End of 2015

Mortgages

HARP Extended Through End of 2015

HARP Extended Through End of 2015

The federal program designed to help consumers with underwater mortgages avoid losing their homes and make their monthly payments more affordable has been extended for another two years past its original proposed end date. The Home Affordable Refinance Program is designed to help consumers who owe more on their mortgage than their property is currently… Read More

Can I Refinance My Car Loan?

Auto Loans

Can I Refinance My Car Loan?

Can I Refinance My Car Loan?

There are two main reasons why people refinance auto loans: 1) To lower the interest rate they are paying and 2) to reduce their monthly payment. You may be able to do both when you refinance, and save hundreds or thousands of dollars in the process. As you look into refinancing, keep in mind that… Read More

5 Big Things Standing Between You & a Refinance

Mortgages

5 Big Things Standing Between You & a Refinance

5 Big Things Standing Between You & a Refinance

Mortgage rates are beginning to creep up, but they’re still well within the kind of range that makes longtime homeowners shake their heads in disbelief. The average interest rate on a 30-year fixed-rate mortgage hit 3.63 percent for the week of March 10, marking the highest point since last summer. So while a seller’s market… Read More

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