With interest rates hovering around historical lows, many people are tempted to refinance their mortgage. While refinancing can be a great proactive approach to dealing with mortgage debt, there are some tax considerations. Mortgage Interest Deduction Currently, owning a home allows you to reduce your taxable income by the amount you paid in interest towards  … Read more

Refinancing a mortgage is a hot topic right now as mortgage lenders are working hard to sell homeowners on the idea of lowering their mortgage payment. While a lower mortgage payment is enticing to any homeowner, refinancing isn’t the best decision for everyone. Considerations The first thing to consider when refinancing a home is the  … Read more

The Home Affordable Refinance Program was designed to help homeowners avoid foreclosure and find a solution to their mortgage debt problems. While the program has gained quite a bit of popularity in recent months, it is important to point out that not all mortgages are eligible to receive help. Qualifications HARP was not designed for  … Read more

You’ve bought your first home, and going through some big career changes.  You recently got married, and now you’re thinking about starting a family in the next couple of years.  As you go through all of these life changes, chances are high that you will move in the next five years or so.  It could  … Read more

Are you wondering what refinancing is?  Would you benefit from it?  What about loan modification?  These questions are just a few of the big ones that nearly every homeowner must face in this economy.  Refinancing can be a great option to consider if your mortgage is starting to feel just a little too burdensome and  … Read more

If you believe you can benefit from refinancing your mortgage, you probably have questions about how to get the process started.  First off, make sure you will benefit from refinancing and not just a mortgage modification.  The two options offer pros and cons to mortgage holders and lenders alike.  If refinancing is indeed the way  … Read more

There’s a lot of talk in today’s financial circles about homeowners refinancing their homes and undergoing other kinds of mortgage modification processes.  The terms can be complicated and confusing for many.  Many homeowners find themselves asking if refinancing or mortgage modification is right for them.  Let’s cover some ground about what these phrases mean, and  … Read more

Not everyone is facing tough times.  For some, situations have remained relatively positive.  Those in a position to do so may consider refinancing in order to lower their payments and/or interest rates.  For those hopeful for a lower payment or who have been thinking of doing some home improvements, this can be a great way  … Read more

Interest rates have continued to remain low for the last year or more. As more people begin to take a proactive approach to their mortgages and lenders become more flexible in lending, refinancing offers have skyrocketed. Does this increase in refinancing offers mean now is a good time to refinance? The Answer It depends. Refinancing  … Read more

Now that mortgage interest rates have hit historic lows, the consumer interest in refinancing offers has peaked. Despite all the trouble with the foreclosure crisis, many homeowners are surviving and have yet to experience any threat by way of mortgage debt. As a result, more borrowers are becoming interested in refinancing as a solution to  … Read more