Typically home refinancing is done when you have a mortgage on your home and apply for a second loan to pay off the first one. While taking the decision to go for the home refinancing option, it is important to first determine whether the amount you save on interest balances the amount of fees...
It is a general conception that getting a refinance loan after filing a bankruptcy is quite difficult. But you can avail a home loan provided you pay the interest at a slightly higher rate. Generally, lenders do not prefer taking the risk of offering mortgages to someone who has filed...
How A Mortgage Calculator Can Make Your Annual Bonus Count
An annual bonus can be a wonderful windfall at the end of the year to do with as you please. It could go into savings, a special purchase, paying down your credit cards or into your house as a prepayment on your loan. When your...
Practically everyone has refinanced or thought about it at one point in time. We’ve seen the dozens of commercials that urge us to do it. With rates at record lows over the past few years, refinancing has helped many borrowers lower their monthly payments.
Refinancing your mortgage...
Planning for a new home, new property and other finances for the first time is not only a question of gathering money– it is a building a dream to create heaven for you and your loved ones. Though it is a hard fact that getting a mortgage loan is always a question of...
Refinancing Your House Mortgage – 3 Reasons To Refinance While Rates Are Low
Before mortgage interest rates begin to rise, homeowners should consider the advantages of refinancing now. Although were witnessing record low rates, these rates will not last forever. Unfortunately, many...
The growth of English house prices is slowing. In contrast, both Scottish and Northern Irish house prices are heading for boom periods, according to new figures.
Nationwide predicts that house prices in Scotland and Northern Ireland are set to become increasingly dislocated from trends in...
Refinancing Your Home Mortgage Loan – Refinance Your Adjustable Rate Mortgage
Refinancing an adjustable rate mortgage (ARM) is a common practice for borrowers. However, it may not always be the best option. Depending on how high interest rates climb, there are cases when you could...
Honey, I Shrunk The Mortgage Interest Deduction Plan 1
The political landscape this year has been nothing but ugly. It promises to come to full boil with the proposed tax reform eliminating or reducing the mortgage interest deduction.
Tax Reform or Raising Taxes
There is...
Bankruptcy is the last step for most people who are undergoing tough financial times. Many people fear that by declaring bankruptcy they will ruin their credit for the rest of their lives, but they find that they are able to begin rebuilding credit immediately after the bankruptcy becomes final....
Honey, I Eliminated The Mortgage Interest Deduction Plan 2
A bipartisan committee has made two recommendations to President Bush regarding tax reform. In this article, we take a look at the second option.
Tax Reform
A year ago or so, President Bush decided to spend his...
If you have lived in your home for a reasonable amount of time, you may be considering refinancing.
Refinancing can be done in a few different ways. One of the most popular recently has been the home equity loan.
A home equity loan is a loan used to pay off your existing mortgage...