Steps in refinancing your home
If your financial position has changed or the value of your home has gone up since you purchased it, you may be considering changing the terms of your home loan. If you want to get more favorable terms, lower your…
When to Consider a Second Mortgage (And When to Avoid It)
Over half of American homeowners financed their home purchase and have a mortgage. Banks and lenders like this arrangement because they earn money in the form of interest payments when they loan money to buyers. Buyers like it because they…
When to Refinance Your Home
When you purchase a home with a mortgage, part of the terms of your loan include an interest rate. This rate is the percentage of the loan value that you will be charged in interest, should you take the entire…
