From the monthly archives:

April 2008

April 30, 2008

Refinancing (Part III)

Today I suggest we talk about the so-called “no-cost” refinancing. First of all, this commonly used name for a refinancing option one can find very useful under certain circumstances is in fact rather misleading, because: No-cost does not mean free from any costs; No-cost refinancing helps you only with the Non-Recurring Closing Costs; No-cost refinancing [...]

April 17, 2008

Refinancing (Part II)

 Why do people refinance? All for different reasons, of course, but the most common ones are: To obtain a lower interest rate, To build the equity of their property faster, To change the type of their loan, To take advantage of an improved credit rating, To get some cash out of the equity already built [...]

April 7, 2008

Refinancing (Part I)

Refinancing your mortgage means basically that you stop your current mortgage and take a new one in its stead on better terms. The goal is to save money by getting a better deal on the home mortgage loan. People tend to refinance when mortgage market interest rates drop below the lowest rate they can have [...]