Refinance Your Second MortgageWritten by Carrie Reeder
A 2nd mortgage is a secured loan on your property, with your home serving as collateral. Depending on particular terms of your second mortgage, you could be able to refinance if you wish to reduce your monthly payments or are in need of extra cash. Refinancing a 2nd mortgage can be an option for those who want to pay off their mortgage (excluding any home equity lines of credit), reduce interest rate they currently pay on their second mortgage, or simply want reduce their monthly payments. Refinancing a 2nd mortgage can also be an option if homeowner wants to pay off mortgage, including home equity lines of credit, and receive cash.You can refinance your second mortgage even if your credit is less than perfect. Second mortgages are an excellent means of reducing monthly payments and getting extra cash for bills, remodeling needs, or any reason homeowner sees fit. If your interest rate on your 2nd mortgage is substantially above current interest rates being offered by most lenders, you may be able to refinance your second mortgage. Sub-prime loans are available for second mortgage refinances and even with adverse credit, you may be able to lower amount of interest you pay on your second mortgage. A poor credit rating is no reason not to explore possibility of refinancing your 2nd mortgage.
| | Why Now Could Be The Best Time to Make Money On The Stock Market?Written by Cory Bain
Do you wish to make money on stock market? Would you like to know why there could be no better time then now to make money on stock market? The answer is demographics. Demographics is statistical study of human population. No doubt you have heard of baby boom generation. These are individuals born between years 1946-1964. They are important because they make up a large percentage of most western civilizations. In fact, Canada has largest percentage of baby boomers per capita.The baby boom generation has been influencing our economy throughout their entire lives. For example: ·The baby food boom of 1950’s ·The large increase in new schools built in North America during 1960’s ·Inflation in 1970’s ·The real estate boom of 1980’s ·The explosive growth of mutual fund investing in 1990’s Also consider these scary facts from a recent study from US Department of Labor: ·Only 57% of all households have a retirement account. ·The average total financial assets is $101,518.85 ·The average retirement savings is $49,944.82 ·The median retirement savings is $2,000, which suggests majority of households are below average. You can read study yourself at http://www.bls.gov/opub/cwc/cm20050114ar01p1.htm We have a large percentage of population approaching retirement and on average not prepared financially. It is only human nature to procrastinate, to enjoy present and wait till last moment to prepare for future. How can this information help you make money on stock market? The baby boomer generation is entering their most financially productive years. Most have completely paid off their homes and have a great deal of income to invest into their retirement savings. The influx of capital into stock market will cause market as a whole to increase. That is why many leading stock market forecasters, such as Harry S. Dent, see a very strong boom in stock market starting around 2005-2006. During this boom Dow Jones is predicted to increase to 40,000. This is nearly a 400% increase from its current value of roughly 10,600.
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