Tag Archive | "Refinancing"
DollarsDirect Protections with VeriSign, McAfee Reassuring to Borrowers
With the increase in overall market size for payday loan borrowers – particularly since the advent of faxless payday loan borrowing online – it’s been a bit of the Wild West for any lender looking to set up a paycheck advance shop. What newcomers to the industry didn’t anticipate are the security concerns of [...]
Continue reading...Why Should I Consider Refinancing?
Friday, August 21, 2009
Homeowners who consider refinancing do so in order to save money on interest payments. If you intend to refinance, the rule of thumb is to ensure that the new interest rate is below two percentage points from what you are currently paying towards your mortgage. There are other reasons why a homeowner would consider refinancing. Let’s [...]
Continue reading...Watch Out For The Prepayment Penalty
Wednesday, August 19, 2009
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 [...]
Continue reading...Free Application Cost Does Not Mean Great Deals
Monday, August 17, 2009
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, [...]
Continue reading...Five Great Reasons To Refinance Before It Is Too Late
Monday, August 17, 2009
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 [...]
Continue reading...Ten Remortgaging Tips
Thursday, August 13, 2009
Here are ten remortgaging tips to help you secure the best rate for your home. 1. There are many types of remortgage deals available. Speak to several lenders to find the most appropriate and low cost deal for you. 2. Ask the lender what the interest rate will be for a remortgage. If it is a fixed [...]
Continue reading...Points or No Points: That Is the Question
Thursday, August 13, 2009
In order to ascertain whether or not to opt for points or no points when refinancing, let’s first describe what mortgage points are. Mortgage points are fees paid in order to obtain a mortgage. Each point is based on 1% of the total amount of the loan. The most commonly known points are called discount points. According [...]
Continue reading...When Is It a Good Time to Refinance?
Wednesday, July 29, 2009
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 [...]
Continue reading...Why It Is So Important to Know Your Rescission Rights
Wednesday, July 29, 2009
Not to be confused with the word “recession,” rescission is defined by the law dictionary as “an equitable remedy that wipes out the existing contract and restores the parties to their situation prior to entering into the contract. In general terms, rescission refers to the cancellation of a contract. Therefore, if money has been paid [...]
Continue reading...Finding the Best Company to Refinance With
Friday, July 24, 2009
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 [...]
Continue reading...Refinancing Tips You Must Know
Wednesday, July 15, 2009
Interest rates today may be lower than in past years, and refinancing allows you to apply for a new loan based on those lower interest rates. However, there are several new concerns you need to be aware of. First, do you have excellent credit – not good – but excellent? Is your FICO score well into [...]
Continue reading...Finding the Best Company to Refinance With
Tuesday, June 30, 2009
Finding the best company for the refinancing of 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 [...]
Continue reading...Refinance in Foreclosure
Friday, June 26, 2009
Source: http://all-real-estate-tips.blogspot.com Refinancing is one thing which is quiet important to fight with the money factor. It has been found that the refinancing is one of the best weapons in our hand to fight with the money problem. If you are facing foreclosure then you can fight with it through refinancing. But the question arises [...]
Continue reading...Three Refinancing Mistakes You Don’t Want to Make
Friday, June 19, 2009
If there are any lessons to be learned from the sub-prime mortgage crisis, it is that there are lenders out there who are keen on taking advantage of consumers by utilizing bait and switch methods. So here are three common refinancing mistakes. Deciding to refinance your home takes a great deal of research. It requires that [...]
Continue reading...3 Reasons to Refinance Before it is Too Late
Monday, June 8, 2009
Source: mortgages.lifetips.com There are many reasons that people today are choosing the refinancing of their home loans. Many of these reasons are specific to the person’s situation; however, there are some general reasons why people across the country are rushing to refinance their mortgages. Here are three of the most popular reasons, and there is nothing [...]
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Tuesday, April 5, 2011
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