Free Investment Advice

Watch Out For The Prepayment Penalty

What is a prepayment penalty and why is it incurred?  A mortgage prepayment penalty is the means by which a lender can charge more interest when a mortgage is paid during the penalty period. The idea seems ludicrous, but the reason why lenders impose prepayment penalties is because if a homeowner pays off a mortgage in [...]

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Free Application Cost Does Not Mean Great Deals

As you begin researching for the best refinancing deal, you will undoubtedly come across companies that offer “free” or “no cost” applications.  Remember the old saying, “If it sounds too good to be true, it usually is.” Let’s face it - you must come across hundreds of emails offering a host of “free” merchandise, gift cards, [...]

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Five Great Reasons To Refinance Before It Is Too Late

The Federal Reserve has lowered its interest rates several times during this current economic crisis.  As a result, mortgage interest rates have begun to fall and hundreds of thousands of homeowners have sought refinancing for a variety of reasons. Besides being afforded the opportunity to save money (which is critical during this recession), here are five [...]

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When Is It a Good Time to Refinance?

Generally speaking, it may be a good time to consider refinancing your home when you can obtain an interest rate that is at least 2% lower than your current mortgage interest rate. However, there are other considerations that come into play.  With the current economic recession brought about by the sub-prime mortgage crisis, home values have [...]

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Finding the Best Company to Refinance With

Finding the best company for refinancing your home with may take a bit of time and research.  You can check the current mortgage rates online as well as check with bona fide mortgage lenders in order to get an idea of what the rates may be, as well as checking out the company for future [...]

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Are You Burdening Your Family with a Reverse Mortgage?

Except for seniors who require long-term care, most are fiercely independent.  To suggest they are burdening their family with a reverse mortgage is, in their minds, clearly absurd.  In fact, it is just the opposite. With seniors living longer and baby boomers possibly having to take on the added responsibility of caring for them when they [...]

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Save Money while Cleaning around the House

If you take inventory of all of the cleaning agents you have in your home and add up the price of each, you may surprised to learn that you are spending a small fortune on cleaning supplies alone which can be used for household savings. There is a general consensus among consumers that there are only [...]

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