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Is This a Good Time For an HEL?
7 June 2004 "I have a first mortgage for 161K at 7.125%, a second for 40K at 7.5%, and 50K of credit card debt at 13-19%. We could refinance the first and second mortgages into a fixed-rate loan at 6.25%. But we could also refinance them into a home equity loan at 4% (prime ... more...

Can Mortgage Refinance at a Higher Rate Make Sense?
April 8, 2002, Revised November 17, 2004 "Does it ever make sense to refinance into a mortgage carrying a higher interest rate than the mortgage you already have?" Very often it does not. Mortgage borrowers refinancing at higher rates ought to use the 72 hour ... more...

low rate refinance credit history refinancing loan mortgage related definitions

Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more...

Refinance
Refinance Refinancing refers to applying for a mortgage loan intended to replace an existing loan secured by the property. Homeowners usually consider refinancing for the purpose of getting a better interest rate, loan term, or to draw cash from the equity. ... more...

More about low rate refinance credit history refinancing loan mortgage

Subprime Mortgage Lenders - Sub-prime Loans Now Available Through Traditional Lenders
Sub-prime loans are becoming more readily available through traditional lenders. Even with a bankruptcy or foreclose in your credit history, you can still find financing for the purchase of your home. The key to sub-prime mortgages is to do your research and compare both terms and rates.Your Credit ... more...

Bad Credit Home Mortgage Refinance Should You Refinance
A bad credit home mortgage refinance is possible for people with previous credit problems. The interest rates will not be as low as those for consumers with good credit but you can still end up saving in the end.There are several questions you should ask yourself when considering a home mortgage ... more...

Lower Mortgage Payments Increase Wealth
Creating and maintaining wealth is a very difficult task. Ask any millionaire!!! The delicate balance of living a dream lifestyle and holding expenses tight creates this difficulty. As a financial advisor, I have assisted people accumulate monies to live their dream life while discovering ways to ... more...

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 end up spending more on converting your mortgage than you would save with a locked in interest ... more...

Cash Out Refinance Mortgage Loans Home Equity, 2nd Mortgage or Cash Out Refinance Loan
There are some definite benefits to doing a cash out refinance. Just make sure that overall you are not going to be spending more money in fees and interest doing a cash out refinance as opposed to a home equity loan. When you do a cash out refinance, you are refinancing your entire loan. Let's ... more...

Refinance Your FHA Home Mortgage Loan - Refinancing With The Streamline Process
You can now refinance your FHA loan with their streamlined process. With reduced paperwork, your lender can process your mortgage much quicker. There are some unique requirements to refinance your FHA loan, but you continued to be backed by the FHA through this process.Basic RequirementsIn addition ... more...

Shop Around for the Best Mortgage Interest Rate
If you are currently on the market for a new home, or you are looking to refinance your current mortgage, one of the most important things to you when shopping around for a home loan will be the mortgage interest rate.Of course you will want your mortgage interest rate to be as low as possible, so ... more...

100% Financing or No Down Payment & Bad Credit Mortgage Loans
Sub-prime lenders now offer financing packages with zero down. Interest rates are higher on these types of loans, but they make purchasing a house easier. And unlike a conventional loan, there is no private mortgage insurance required. There are two types of zero-down mortgage packages, each with ... more...

Low Credit Score Mortgage Loans
Because credit scores are a huge factor in determining our approval for a loan and the interest rate received, many people put forth great effort in protecting their score. This involves paying bills on time, minimizing debt, and so forth. Of course, situations beyond our control may occur which ... more...

Home Mortgage - Reasons to Refinance Your House
Refinancing can have other financial benefits besides lowering rates. Locking in rates can protect you from higher rates, saving you money on future interest costs. You can also change your ARM for better caps to prevent huge monthly increases. Consolidating your bills with your equity saves on ... more...

Home Mortgage Refinancing - Things to Consider When Looking to Get Cash Out on a Refinance
When you refinance your home mortgage, lenders often tempt you with the option of cashing out part of your homes equity. Cash at a comparably low interest rate may seem like a good option, but make sure you will financially benefit from it first.Raising Your Homes ValueOnly some home improvements ... more...

Home Equity Line of Credit or Second Mortgage Loan Online - Things To Do With Your Homes Equity
If you are wanting to get a home equity loan, rates are still low enough that you may want to make use of that equity in your home. Do you need some ideas on what you could do to multiply your equity or make some extra money off of the capital that could be available to you?Here are some ... more...


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