Most people will tell you that right now, there has never been a better time to refinance. And, in most cases, refinancing is a fantastic idea. However, be sure you fully understand the conditions of your refinance-especially if you are doing it out of hardship. Interest and the principal over thirty years In the first  … Read more

You may be eager to lock in a super low mortgage rate through refinancing your existing mortgage. You should be aware that there is a slew of refinancing fees that are common to refinancing despite how good your relationship is with your lender. Many of these fees will look familiar, as you were required to  … Read more

With the Fed prime rate set to remain low for the next couple years, you can expect to continue to hear from banks and other lenders about the glories of refinancing a mortgage. To lock in the super-low rate, there are a few best practices that should help you get a lower interest loan or  … Read more

You know that the prime-lending rate, at the moment, is at a historical low. People are calling you everyday with outstanding refinancing options. Why shouldn’t you refinance? Refinancing means more money, right? Right. Sort of. Refinancing to pay off revolving debt If you are looking at refinancing to pay off revolving debt, refinancing is an  … Read more

With the federally regulated prime rate steady at 3.25, this week saw a 23.1 percent spike in refinancing index. These mortgage indices are used to measure spikes in consumer refinancing, which is a strong indication of lower mortgage rates at banks across the country. In recent months, consumers have been able to take advantage of  … Read more

You have a 30 year, fixed interest mortgage. Your job is secure, income steady and you are effortlessly paying on an auto loan. Regardless, the purse strings continue to be tight as managing expenses related to raising a family only keep rising. Is mortgage refinancing an option? A question of priorities It should be said  … Read more

Many homeowners are understandably frightened by debt in the current unstable economy.  Thousands of people across the country have lost their homes through foreclosure. With a threat so real, many homeowners are taking the opportunity to refinance with the hopes of paying off their mortgage loan sooner.  However, considering that interest rates are currently at  … Read more