Posts Tagged ‘Refinance’
How to Get Out of Debt in 2020
For many, paying off debt can feel like an insurmountable task. The most common types of debt for Americans include mortgage debt, student loans, auto loans and credit-card balances. Debt can dent one’s ability to save for retirement, may hamper homeownership and impede overall future financial security. While some may be tempted to ignore debt…
Read MoreMortgage Rates Are at 3-Year Lows—Here Are 5 Questions to Ask Yourself Before You Refinance
Mortgage rates are resting near record lows — and that’s spurring a wave of refinancing activity as Americans look to take advantage of the savings a cheaper interest rate could bring. Refinance loan volume jumped to the highest level since 2013 last week, especially among jumbo mortgage borrowers, on the heels of lower mortgage rates,…
Read MoreHow and Why to Refinance a Reverse Mortgage
Refinancing an existing reverse mortgage into a new and potentially better one could be an option that works for some senior homeowners, but it’s not a universally good solution for everyone. This is according to a new article at U.S. News & World Report by personal finance and business contributor Rebecca Lake. Not only would…
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