In today’s market of higher inflation, most people are looking for ways to save a little money. One way you might be able to put more cash in your bank account is by refinancing your mortgage. Even if your mortgage is only a few years old, there may
The Federal Reserve announced on September 20, 2023, that they are leaving interest rates at the same level, while also saying they have not beat their inflation target of 2.0%. Then, what rattled the markets was a statement that the Fed will keep r
With so much equity flowing freely these days, getting a home equity line of credit (HELOC) can be a great way to pay for home renovations, help pay for a child’s college tuition, or finance other important financial goals. Unlike a traditional mort
In today’s world it can be easy to rack up lots of high interest debt: credit card bills, student loans, auto loans, unexpected home repairs, etc. On top of all the debts, you have suffered through pre-recession and your utility bills, food bills, g
When market interest rates are lower than your current mortgage rate, it often makes sense to refinance into a new home loan to take advantage of the savings from lower interest. However, you don’t actually start saving money from day one, thanks to the c
If you are ready to refinance your current loan, there are actually several types to choose from. The right one for you will depend on your purpose for getting a new loan and your eligibility for specialty programs. Here are the most common types and how