Category: Business
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Finding The Best Student Loan Consolidation Program
Many college graduates come out of school with several loans to pay off. This means that after the six month grace period there will be payments for each of your loans. Each of those loans will have their own interest rate which will make the loans themselves difficult to pay off completely. Finding the best…
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Home Equity Loans to Pay Off Consumer Debt – Is It Wise?
You have surely heard about debt consolidation through home equity. Many debt advisors suggest applying for an equity loan in order to use the money to pay off consumer credit card debt. Though the idea of reducing debt by unifying the payment and replacing unsecured debt with a secured loan may sound tempting, there are…
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Refinance a Mortgage With Obama’s Bailout Stimulus Plan
In today’s turbulent economy the housing market is in the worst crisis it has ever seen. Due to the drastic decline in the housing market President Obama has released a new housing stimulus plan. This new stimulus plan will allow millions of homeowners in America to refinance their current home mortgage into a fixed 4.5%…
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Home Improvement: Home Equity Line of Credit versus Mortgage Refinance
Making home improvements, home remodeling, adding onto a home and debt consolidation are some of the most popular reasons people cash out on their home equity. But the question is, which should you choose, mortgage refinancing or a home equity line of credit (HELOC)?A mortgage refinance loan is when you replace your current mortgage with…
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What Are the Pro’s and Con’s of Refinancing a Mortgage?
Over the last 10 years mortgage rates have consistently been at historically low levels. This resulted in a level of mortgage refinancing activity never seen before. Low rates alone, however, do not always mean refinancing is a smart option. It is important to look at your whole situation and both the pro’s and con’s of…
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Obama’s Home Affordable Plan Refinance – Deadline Extended!
Obama’s Home Affordable Plan Refinance was introduced as part of the three-prong plan to help the sagging real estate market in February 2009. The original expiration date was June 10, 2010. Fortunately, for those who qualify, the program will not end until June 30, 2011.This stimulus bill program had three ways to impact the economic…
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Consolidating Credit Card Debt with a Home Equity Loan
A Home Equity Loan is a type of revolving line of credit or loan based on the equity in the mortgager’s property. The property is the collateral for the loan, and it can be usable for any purpose, although most of the time it is used to consolidate credit card debt in order to obtain…
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Debt Specialists Recommend Debt Consolidation
It may surprise you to learn that there are actually various different levels of debt consolidation that you can undertake. How good your credit is will impact the choices that you have and the avenue that you actually pursue. Some consolidating debt can actually help your credit score out right away. With other types, you…
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Home Equity Loans Can Also Be Refinanced!
Lower interest rates and monthly home equity loan payments can make cash available for other usage or make debt more manageable. As interest rates move in cycles, when rates drop, it is the best time for refinancing. This is what most advisors suggest provided that your home equity loan is due in a long repayment…