As rates are low, many people are trying to figure out if refinancing makes sense in their situation and it can be a challenging task if you do not understand what to calculate. Here is at least one way to figure out if refinancing makes sense -- focus on the net benefits of refinancing from the standpoint of lowering your interest rate. Although there are several reasons to do an AZ … [Read more...]
Should You Refinance? 4 Possible Reasons Why It May Make Sense
A mortgage is generally the largest debt most homeowners have to manage. It's a good idea to give your personal real estate finance portfolio a check-up at least once a year. Since there are many reasons a homeowner may choose to refinance, we'll take a look at the four most common. 1. Mortgage Rates Drop: Typically, the most common reason that homeowners refinance their mortgage is to … [Read more...]
Should I Refinance or Get a HELOC For Home Improvements?
For homeowners interested in making some property improvements without tapping into their savings or investment accounts, the two main options are to either take out a Home Equity Line of Credit (HELOC), or do a cash-out refinance. According To Wikipedia: A home equity line of credit is a loan in which the lender agrees to lend a maximum amount within an agreed period, where the collateral is … [Read more...]