Posts Tagged ‘Refinancing’

We all know that so many things rely on our credit score, and without good credit, it can be difficult to get approved for loans and credit cards. But borrowing money isn’t the only thing that is dependent upon good credit. Many consumers are surprised to learn that their credit score can affect the following […]

For most homeowners, their mortgage loan payment is the largest bill they’ll have coming in every month. Because traditional mortgage loans will also usually mean 30 years of monthly mortgage loan payments, it can be difficult to anticipate how life will change. What may have once been affordable may no longer be the case—for example, […]

After years of hard work, saving, and planning, your retirement is finally right around the corner. It’s likely that you have a retirement plan in place already, and the last thing you’d want is for something to happen that can potentially derail that plan. If you plan to retire in the not-so-distant future, the following […]

  Although the surefire way to eliminate PMI from the beginning is to put down 20 percent, there are some other ways you can get out of this extra cost, whether initially or later on during your mortgage term: Refinance the mortgage If you’re paying a lot each month in PMI and interest, you could […]

There are several different costs that make up a monthly mortgage payment, and for many homeowners, one of those costs is private mortgage insurance (PMI). PMI was designed to protect lenders should the borrower default on their mortgage payments, and borrowers who put less than 20 percent down on their home purchase will usually have […]

If your mortgage payments have become a bit overwhelming, refinancing your home loan may be a way to lower your interest rate and reduce your monthly mortgage payment. Before you decide whether refinancing is the solution to your current financial situation, it’s beneficial to weigh both the pros and cons first. Pros Lower interest One […]

  The average monthly car payment in the United States ranges anywhere between $380 and $460, but can greatly exceed this amount depending on the cost of the vehicle, your loan terms, and the amount of money you put down. Aside from rent or a mortgage, this can easily be one the largest payments that you […]

Have you thought about refinancing your home? Before doing so, there are six questions you should ask yourself, so you can make an informed decision about whether or not it’s the right choice for you and at this time in your life. Question #1: Do I have the time to spare? If you’re already preoccupied […]