Ten years ago, prospective home-buyers and existing homeowners looking to refinance were positively giddy about the interest rates. Hovering around 8%, the rates were a refreshing change from the double-digits of the 1980s. Who could have guessed that now, in 2006, even with interest rates on the rise, we are a far cry from the [...]
Posts Tagged ‘Home Equity Loan’
June 15th, 2010
Mortgage Interest Rates – A Look at the Last 10 Years of Refinancing
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Tags: 30 Year Fixed Mortgage, Adjustable Rate Mortgages, Alan Greenspan, Attractive Option, Current Rate, Double Digits, Federal Reserve Board, Frakes, High Interest Rates, Home Equity Loan, Home Improvements, Homeownership Alliance, Last Several Years, Low Interest Rates, Mortgage Interest Rates, Predecessors, Prospective Home Buyers, Rate Surveys, Refreshing Change, Year Fixed Mortgage 
No Comments »May 14th, 2010
Home Mortgage Refinancing – Why Do People Choose This Path
OverviewA home mortgage refinancing is an option open to homeowners with equity in their home that is accessible in the form of cash. Homeowners can obtain a loan which essentially means the amount of equity that is in their property can be removed in the form of cash or payoffs of debts. The additional equity [...]
Posted in Article Tags: College Bills, College Debt, Credit Card Debt, Credit Cards, Drastic Plan, Equity Funds, High Interest, Home Equity Loan, Home Mortgage Refinancing, Interest Credit Card, Late Fees, Maxed Out, New Appliance, Outstanding Debts, Payoffs, Refinance Mortgage, Small Debts, Thousands Of Dollars, Tooth Extraction, Trip To The Bahamas No Comments »April 21st, 2010
Refinance Or Take Out IRA Money – Which is Better and Why?
Scenario:I’m at 65 and would like to repair my home. The approx cost of repairs is $75000 and I’m yet to pay for $255,000 of home equity loan balance. Should I refinance with an interest-only loan for low payments or get a reverse mortgage or do you think I’ll be better off with using my [...]
Posted in Article Tags: 30 Year Fixed Rate, Accrued Interest, Cash Flow, Cash Out Refinance, Conventional Loans, Fixed Rate Loan, Heirs, Home Equity Loan, Interest Only Loan, Ira Money, Ira Tax, Loan Balance, Loan Period, Lump Sum, Monthly Payments, Refinance Loans, Repayment Period, Reverse Mortgage Loan No Comments »