A 15-year refinance is a home loan for homeowners who want to refinance their property. Refinancing is typically done after the homeowners have some equity in it. Various lenders have different policies about loans depending on the amount or equity a homeowner has. In most cases, this type of loan is sought by homeowners who bought their property when it was at a higher value … [Read more...] about 15-Year Refinance: Tips You Won’t Want to Miss!
Filing for bankruptcy can feel a lot like admitting defeat. After months or even years of financial turmoil, it is easy for consumers to feel like they have reached the bottom of a very deep pit when they declare bankruptcy. However, bankruptcy can also be seen as an opportunity to start over. It may not be easy, but it actually is possible to do many things in the wake of … [Read more...] about Can I Refinance with Bankruptcy?
As an increasing number of homeowners find themselves struggling to hold on to their homes, or just to keep up with mortgage payments, there has been more discussion about HARP refinance. HARP is an acronym which stands for Home Affordable Refinance Program. The program is meant to help homeowners refinance their property, even when they find themselves in the unenviable … [Read more...] about Understanding HARP Refinance
You’re thinking about buying your first home. You have been renting for some time, and you have saved some money toward a down payment. Interest rates are attractive, and you may be seeing many reasonably priced homes for sale. If you have never purchased a home, there are advantages and disadvantages of mortgages. One of the biggest benefits of having a mortgage is that you … [Read more...] about Advantages and Disadvantages of Mortgages
When applying for a mortgage, especially for the first time, the wide variety of mortgage types can be confusing and even overwhelming. It is important to understand these different types of mortgages and the implications they carry in order to ensure you will be able to meet your obligations as a homeowner in the long term. Some types of mortgages can make this more difficult, … [Read more...] about Explanation Mortgage Types: What You Should Know