How to Refinance Your Mortgage for a Newly Purchased Property

If you don’t have enough money to buy a new property then mortgage refinancing is a great solution. Financing can provide the support you need to buy the house you want. Financing in the form of mortgage refinancing can reduce your expenses and help you pay off your mortgage faster. When you refinance your mortgage

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When is the Right Time to Refinance to Pay Off Debt?

People have many reasons for refinancing their homes. Right now, taking advantage of low-interest rates to lower monthly payments is a good reason. Another good reason is when you need to raise cash for another purpose such as your child’s college tuition. Interest rates have been at historic lows for the past year but are

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Black Knight: More than 19 million could benefit from refinancing

With mortgage rates still at record lows, many homeowners are in a position to save hundreds of dollars a month on their mortgage payments. Black Knight, a mortgage technology and data provider, said this week that it believes a record number of homeowners – some 19.4 million in all – are now eligible to refinance

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Refinancing Opportunities

Clearly, the new historically low interest rates offer many, if not most, homeowners an opportunity to refinance mortgages. If you are considering refinancing, make sure you have clear goals about what you want to accomplish because this opportunity isn’t likely to come around again during your lifetime. Generally, refinancing is done to accomplish one of

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Refinancing these Loans can save you Money

Sometimes when debt gets too high, refinancing is in order to give your savings a bit of relief. While cutting unnecessary expenses throughout the month such as the cable bill when you typically use streaming services, a gym membership where you haven’t showed up for in months, or consistently going out to eat when meal

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5.9 million homeowners could benefit from refinancing

The recent fall in mortgage rates won’t just benefit those looking to buy a home, but also those who’ve already purchased a property, should they decide to take advantage and refinance, experts say. Around 5.9 million borrowers in the U.S. could see their mortgage rates fall by at least 75 basis points if they decide

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Ginnie Mae warns against repeated refinancing

Although many lenders continue to advocate the apparent benefits of refinancing on a mortgage, Ginnie Mae has come out with advice to the contrary, suggesting that repeated refinances could actually be harmful to many borrowers and investors. Ginnie Mae, which is a government-backed entity similar to Fannie Mae and Freddie Mac with a focus on

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Mortgage demand falls as higher interest rates bite

Mortgage companies are seeing lower demand from would-be homeowners and refinancers after interest rates hit their highest level in almost five years last week.

Airbnb hosts can now use rental income for refinance applications

With many major U.S. cities busy trying to work out what kind of impact Airbnb has on local rental markets, the home sharing company is forging ahead with a new initiative that could further weave itself into the homeowner’s mindset.

Buyers rush through mortgage applications ahead of expected interest rate increase

Mortgage rates are moving higher, and that has some home shoppers rushing to locking in rates before they edge up even more, according to a report in CNBC.

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