Category: Business

Whenever we take a loan, we repay it back along with the interest. Some loans are offered on lower interest rates keeping in mind the need behind a loan. For example, a home loan is given on lower interest because having a house is a necessity for every person. On the other hand, a vehicle…

Why should you take out a second mortgage or a home equity line of credit instead of refinancing?Well…You Shouldn’t!Why Not?1. Second Mortgages usually have an interest rant that is twice or even three times as high as your first mortgage rate. You can refinance instead and keep a very low rate. In the long run…

When you refinance it simply means taking out a new loan in order to cover the cost of a previous loan. Hopefully you walk out with some cash as well! Ideally, the refinanced loan should have a lower interest rate and a lower monthly payment.If you have bad credit, refinancing at times is helpful. Refinancing…

Refinancing is often considered one of the most beneficial ways to save money on your home mortgage.  Refinancing is when you renegotiate the terms of a loan, essentially the refunding or restructuring of debt with new debt, equity, or a combination of both.  Refinancing is basically taking a new mortgage to replace an old one. …

One of the most frustrating parts of being in debt is trying to figure out all of your different payments. It seems like just when you’re on top of your finances, another bill arrives in the mail and throws you off kilter again. For people trying to pay down their debt, this inconsistency can be…

So you have taken a state college loan to finance your college education. Now, you are planning to consolidate the same so that you can reap the benefits of consolidation. Before going in for consolidation of your state college loan, it is imperative that you understand the various aspects of consolidation.You can exercise a choice…

Looking for a way to fund new home renovations, invest in a second property, or pay for a child’s college education? A home equity installment loan might fit the bill. Consumers often turn to home equity loans as a way to finance a large expense or investment using the money they have already invested in…

I have been approached by a swarm of homeowners who are currently facing foreclosure. It saddens me to see so many people in this situation, and how they have been deceived into thinking they can afford these homes. Even until now I hear stories about homeowners being promised false hope that they can be saved…

Are upside down in your home loan? Are you making your payments on time? Have you been refused an application to refinance your loan? This Home Affordable Refinance Program (HARP) just might be able to help you avoid mortgage foreclosure. HARP is expected to be a life saver for 4 to 5 million home owning…