Whether the purpose is to work on home improvements, pay off debt, or avoid paying PMI (Private Mortgage Insurance), second mortgages let you borrow against the value of your home, using your home as collateral. However, second mortgages often come in at a higher interest rate than your first mortgage. Why is this? Well, there… Read More
Refinancing
Calculations regarding the duration and amount of the loan coupled with changing interest rates can make it a scary prospect. Get familiar with your current agreement with your lender to make sure you are making an educated choice.… Read More
Something needs to be done. If you are struggling to find a solution to financial problems, then you should cash in on your biggest investment: your home. It might not seem obvious at first. There are a lot of expenses associated with refinancing, but it could prevent foreclosure and help in other ways, too. Refinancing… Read More
Knowing just how refinancing your home will help or hurt you is important. Talking to a lender that can show you just how refinancing a mortgage will affect you, both good and bad. What are some of the options to consider when deciding to refinance? Let’s take a look.… Read More
The surest way to see the benefits of refinancing your home is to know as much as you can about your current mortgage and the loan that will be replacing it. A lender can help you sort out the details, but when should you speak to one? Knowing the potential benefits of refinancing can give… Read More
