As the US economy slows and many experts are predicting a recession, many homeowners are looking for ways of easing the strain on their monthly budgets. Refinancing your mortgage to get a lower payment is an excellent way to free up cash in your budget with a lower payment if you go about it correctly. [...]
Posts Tagged ‘Duration’
June 9th, 2010
How to Lower Your Mortgage Payment by Refinancing
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Tags: Adjustable Rate Mortgage, Amount Of Time, Cash Budget, Duration, Economy, Fifty Year Mortgages, Finance Charges, Loan Refinancing, Money, Monthly Budgets, Mortgage Payment, Mortgage Rate, Mortgage Refinancing, Peace Of Mind, Recession, Refinance Mortgage, Refinancing Mortgage, Refinancing Your Mortgage, Thirty Years, Two Ways 
No Comments »May 23rd, 2010
How to Get Cash Back on a Refinance
There are two ways to get cash out of a mortgage refinance. The first is a traditional cash-out refinance where the loan amount is higher than what it takes to pay off the previous mortgage balance based on a new appraisal of the home or an increase in the value of the home as it [...]
Posted in Article Tags: Cash Out Refinance, Closing Costs, Credit Card, Credit Score, Duration, Home Value, Interest Rate, Loan To Value Ratio, Loan Value, Mortgage Balance, Mortgage Broker, Mortgage Refinance, Par, Percentage Rate, Period Of Time, Refinance Loan, Two Ways, Wholesale, Yield Spread Premium, Ysp No Comments »May 15th, 2010
Should I Refinance My First Time Home Mortgage?
Buying your first home is definitely a huge first step and you will probably never forget the experience of applying for that first loan and closing on it. For many people, there is an assumption that they will always have the same loan and their mortgage payment now will be the same in 30 years. [...]
Posted in Article Tags: 10 Years, Assumption, Bad Credit, Credit Rating, Duration, Finding A Home, First Time Home, First Time Homeowners, Fixed Interest, Hard Time, Home Mortgage, Home Ownership, Home Refinance Loan, Interest Rate, Loan Mortgage, Loan Payment, Mortgage Payment, Mortgage Refinance, Refinance Mortgage, Refinancing No Comments »