Understanding the Non-monetary Benefits of Debt Consolidation

It’s easy to get all caught up in the financial benefits of debt consolidation. After all, the reason why people go through the consolidation process in the first place is to get out from under the crushing monthly bills that they have to deal with. Nothing is more depressing than seeing tons of bills that…


Removing Spouse From Mortgage Loan After Divorce

Do I Need To Refinance The Home After Divorce To Get His Name Off The Loan? When couples are applying for a joint mortgage, the lender typically uses both credit scores and incomes to determine if they qualify. Dual incomes are actually required in many cases to qualify for particular amounts. Both parties are thus…


What is a Cash Back Refinance

All About Cash Back Refinance If you have some equity in your home and you need cash for something, you have the option to refinance your mortgage in a manner that puts cash directly in your pocket. This type of refinance is called cash back or cash out refinance. Cash back refinance has gained a…


How Much Does it Cost to Refinance a Home Mortgage

Getting a new mortgage to replace the original mortgage is called refinancing. The purpose of refinancing is to allow a borrower to obtain a better interest term and rate. The first loan is paid off, allowing the second loan to be created, instead of simply making a new mortgage and throwing out the original mortgage.…


The Number One Factor You Should Consider When Taking Out Mortgage Loans

Make no mistake about it, most Americans have to take out mortgages. There’s really no question about it. How many neighbors do you know have a few hundred thousand dollars lying around? Most people have to go to the bank or some other lending institution and take out a mortgage loan. It’s quite a rare…


Why Refinance a Mortgage

If you want to refinance your mortgage be sure to know why you are doing it and the consequences of doing so. Refinancing your mortgage can be a great idea if it will save you money in the long term. Most people seek out a mortgage refinance to take advantage of lower interest rates. Yes,…


What Are Refinance Closing Costs

The idea of refinancing a current mortgage sounds good for several reasons. Refinancing can allow the homeowner to take advantage of lower interest rates, lock in lower monthly payments, or maybe even provide both of these benefits. When considering the idea of approaching a lender about refinancing the existing mortgage, it helps to understand there…


What is a Mortgage Broker

What does a mortgage broker do? Answering the question will make it easier for you to determine whether using the services of such a professional is a good idea. Shopping for a mortgage can be a difficult task. A mortgage broker can potentially take the guesswork out of the equation. What does a Mortgage Broker…


What is HARP Refinance

Since 2009, qualified homeowners in the United States have been able to benefit from refinancing their existing mortgages using what is known as the Home Affordable Refinance Program. Launched as a federal program in March of that year, the focus of HARP is to provide a viable means of refinancing to homeowners who find that…


A Guide to Cash Out Refinancing

Are you interested in a refinance with cash out option? In simple terms, this is a mortgage refinance tool that involves more than you currently owe and that allows you to keep the difference. Is refinance with cash out the right option for you? Examining the cash out refinance rules, the pros and the cons…