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RSS Feeds : Community Contributed Articles - Mortgagefit.com :
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Is Refinancing 5/1 Year Arm With a 30 Year Frm Worth It? -
I wanted to sell the sell the home before I could get the new home as I have sufficient equity in the old house which I could put into the new home when the former sells. I am thinking of going for a 5/1 year ARM on the new home while the old property is up for sale. I would then refinance the new home with a 30 year FRM when I am able to get the sale proceeds and hence my equity from the old home. Am I on the right track?
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Refinance or use home equity for a Reverse mortgage? -
If you are old enough to qualify for a reverse mortgage, better go for it instead of taking out a refinance loan. However, you can also look out for a home equity line of credit as an alternative option.
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Paying Off Credit Card Debt Using Your 401k Retirement Money -
If you are thinking of withdrawing money from your 401K account, be prepared to make tax payments on the cash taken out. Apart from tax payments, you will have to pay a penalty if you.re under 59 and 1/2 years of age at the time of cash withdrawal.
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Do I need an appraisal if I combine ARMs and then Refinance? -
What.s more important is that, as a borrower, you should be careful of what the fine print of the program says. That.s what is going to ensure that you benefit from the program in the long run.
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Should I Refinance Now Or Wait For Higher Scores? -
I am looking to refinance from 8.5% 30 year fixed rate mortgage to lower 30 year fixed loan. I owe $70,000 on $150,000. My credit scores are 725, 680, and 695.
