Of course, you are not restricted from refinancing when you’re over 50. The question lies in whether it is practical or not. For many, being near their retirement years isn’t really a good time to restart a debt anymore. Many individuals wish to be preparing for their golden years when they reach Read more
Five Common Refinancing Blunders and How to Avoid Them
When you think of refinancing, you automatically think of saving. It allows you to lower your current interest rate and reduce the loan term. Some refinancing options even allow some cash-out. The goal is to save more money.While this is true, it is not always that when you refinance you Read more
Is Serial Refinancing a Crime or Not?
During low-rate environments, the clamor to refinance is automatic. There’s no clear-cut answer to how often should you refinance your mortgage and there are homeowners who refinance again (and again) to save more. Are these homeowners guilty of serial refinancing? Is serial refinancing really Read more
Retirement Goal 101: Lower Mortgage Payment
So you plan to retire in the next five or fifteen years and want to reduce your mortgage payments? Today’s rate climate may offer you the perfect opportunity and timing to refinance and minimize the cost that you allot for your mortgage every month.Experts advise that a drop of 1 to 2 percent in Read more
