Are you in debt, burdened by the heavy load, and unable to find a solution? For many, homeowners are turning to an FHA mortgage refinance. By moving into a low rate mortgage refinance, homeowners are able to lower their monthly mortgage rate that then provides them with a smaller monthly mortgage payment. This in turn [...]
Archive for 'home equity loan'
If you have a Federal Home Administration (FHA) loan and are looking for the lowest mortgage rates for refinancing, you’re in luck. Just because you have an FHA loan doesn’t mean you can’t take advantage of the best mortgage rates. In fact, in many ways, FHA borrowers are better-positioned than their more conventional counterparts when [...]
The arguments for and against refinancing existing consumer debt into a home equity loan are readily made. There are fundamental differences between home equity loans and consumer debt. However, beyond the characteristics of each form of debt, there is an impact on borrower behavior that might be a strong argument in favor of refinancing. So, [...]
If you have bad credit, you may still qualify for refinancing. Mortgage lenders typically adhere to certain credit guidelines, but these can be more flexible than expected. For example, if you’ve filed bankruptcy, and your debts were discharged by the bankruptcy court more than two years ago, you may qualify for standard mortgage terms. Another [...]