Is It Time to Refinance?
Some economists predicted that mortgage rates would be higher by now compared to last year, but low interest rates continue to tempt homeowners to refinance. Deciding whether the time is right to apply for a mortgage refinance depends on three factors:
How long you plan to stay in your home. If you know you will be [...]
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The Cost of No-Cost Refinancing
Refinancing your home to a better interest rate may save you lots of money over time, but many homeowners struggle with how to pay the upfront fees. One solution is a no-cost refinance–a term that refers to a number of ways the closing costs can be bundled into your refinance loan. While no-cost refinancing options [...]
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Can Debt Management Improve Your Financial Health?
Debt management (not to be confused with debt settlement) involves restructuring your debts to lower your payments and interest rates. The idea is to help you pay off your consumer debt faster. Debt management typically involves some counselling to help you learn about budgeting, making your payments on time, and managing your bills. Debt management [...]
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The End of the McMansion? Smaller Homes and Smaller Home Loans Are a Popular Trend
New homes, which have doubled in size since 1960, are finally shrinking. In 2008, the average square footage of newly-constructed single-family homes plunged from 2,629 in the second quarter to 2,343 in the fourth quarter, census data show.
Going Small: Home Buyers Want Smaller Homes and Smaller Home Loans
According to USA Today, less is more when [...]
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Mortgage Payments: Taking The Long View
You may currently be looking at the possibility of refinancing your mortgage but I am pretty certain that this does not mean that you would like to be paying off your mortgage as long as you have breath in your body! You should therefore consider some strategies that will help you shave years of your [...]
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