Refinancing your mortgage is a great way to consolidate debt or get cash to make home improvements. A homeowner in their early 50s could refinance to shorten the term of their mortgage. This could help them pay it off before they retire to eliminate the monthly payment. A first-time homeowner might refinance to switch from [...]
Let’s face it: housing supply is limited right now. Even if you wanted to move on to bigger, greener pastures, you might have a hard time finding the right property — at least at a price you can afford. Fortunately, picking up and moving on isn’t the only option if you’ve grown tired of your current [...]
You own a home, you have a mortgage and you know that, after some time, you’re supposed to consider refinancing that mortgage. At least that’s what friends and neighbors are doing. But what exactly does it mean to refinance? And why should you do it? You’d be hard-pressed to find a clear-cut answer to those [...]
Most homeowners assume that if they’re going to refinance, it needs to be at a lower rate than they’re currently paying. But in reality, rates fluctuate often — and financial situations change just as much. In many cases, refinancing is the best (or only) option, even if it means paying slightly more in interest for [...]
If you’ve been in your off-base home for more than a few years, you may want to look into refinancing. In many cases, refinancing can lower your monthly payments, shorten your loan term, give you funds to use toward upgrading your home (or cover other expenses) or all of the above. But when do you [...]
Whether you’re renovating to add convenience, improve your home’s aesthetic, or increase its overall value, one thing’s for certain: VA refinancing can help make it happen. Rather than scrimping and saving, pulling money from your 401K, or cutting corners and DIYing it, a VA refinance can tap your existing home equity to give you cold, [...]
One government-backed loan that doesn't get a lot of attention, but features a number of great benefits, is the United States Department of Agriculture (USDA) Rural Development Guaranteed Home Loan. According to their website, the USDA provides approved lenders a 90% loan guarantee so that they in turn can offer rural homebuyers of, "low and [...]
For most of us, our mortgage payment is the biggest monthly bill we pay. The best part of that payment is that it builds equity that can be used to improve your financial situation. It's what separates your mortgage payment from a car loan and credit card bills. So, when those monthly bills begin to [...]
Whether your credit card balances have gotten out of hand or you’re just tired of tracking 15 different bills and payments every month, debt consolidation can be a great option—saving you both money and hassle over the long term. Put simply, debt consolidation allows you to roll all of your debts (everything from medical bills [...]
A VA refinance loan can be a great option for qualified veterans, military personnel, and their spouses. Whether you're looking to refinance for a lower interest rate, a shorter payment term, or to take cash out, as a veteran you have a number of options to lower monthly payments, consolidate debt, or find the cash [...]
Send this to a friend