Refinancing Mortgage Loan - Get The Lowest Interest Rate You Can When RefinancingWritten by Carrie Reeder
Refinancing can be a very simple process. You fill out a few applications, take best offer and you’re done. You already own your home, so, depending on your broker, whole process can be fairly simple. Just be careful and make sure you do your homework before you accept a refinance loan offer. You will want to make sure that you get as many refinance mortgage loan offers as possible and talk to as many mortgage loan brokers as you can. Mortgage loan brokers will usually insist that if they can’t help you, no one can. That is simply not true. All mortgage loan brokers or loan officers have access to many different types of programs. A refinance loan program that is impossible for one broker to do, may be completely possible for another broker. When refinancing, one of most important factors to pay close attention to is interest rate. There are many ways to make sure that you get lowest interest rate possible. 1.Do your own research online. Find out what current interest rates are. 2.Apply for your refinance loan with companies that will submit your application to multiple lenders, in order to get them to compete and give you best rate. (For a list of our recommended mortgage companies that will get you multiple offers, click on link below) Most of these companies will offer you up to 4 refinance mortgage loan offers. Most of companies do not even initially pull your credit, so there is no harm in applying to a few of them, to make sure you can get as many offers to work from as possible.
| | Debt and Bill Consolidation - Signs You Need To Consolidate Your DebtWritten by Carrie Reeder
If your debt is becoming difficult to get on top of, here are some questions to ask yourself to help you determine if you need some help managing or consolidating your debt. If you answer yes to any of these questions, you should probably consider applying for a debt consolidation loan or seeking help from a debt management service.1. Do you borrow from one credit card to pay another? 2. Are you unable to pay down any principal on your loan balances and can you only afford to make minimum monthly payments? 3. Do you make your loan payments on very last possible day that you can get away with making your payment? Are you unable to make your payments even a week ahead of due date? 4. Do you find yourself putting necessities like groceries and gas on a credit card without being able to pay it back by end of month? 5. Are you continually seeking new loans or loan sources in order to keep up with your expenses and bills? 6. Do you have more than 5 credit card payments? Are you paying your debt payments to many different companies every month? If your income is maxed out with debt or credit card payments every month, it can be very discouraging to work all month and only be able to keep up, or not even quite keep up with your bills and debt. Debt can be manageable and livable if you are making progress with paying down your debt balances.
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