by maria | Oct 11, 2016 | Exclusive QA |
Many people flock to refinance while mortgage interest rates are low, particularly when rates are two percentage points below their existing home loans. Other factors, like when to finance, will depend on how long you plan to hold on to your home and whether you have...
by maria | Oct 11, 2016 | Exclusive QA |
Check with your state. It may provide special protection through the filing of a homestead exemption, which exempts some or all of the value of your equity in the homestead—or home that you live in and the land on which it sits—from claims of unsecured creditors....
by maria | Oct 11, 2016 | Exclusive QA |
Talk with your lender immediately. The lender may be able to arrange a repayment plan or the temporary reduction or suspension of your payment, particularly if your income has dropped substantially or expenses have shot up beyond your control. You also may be able to...
by maria | Oct 11, 2016 | Exclusive QA |
With a refinancing, you pay off an old loan on your home and take out a new one, usually at a lower mortgage interest rate. To refinance, you will generally need to have equity in your home, a good credit rating, and steady income. You can borrow a percentage of the...
by maria | Oct 11, 2016 | Exclusive QA |
According to the Millennial Housing Commission, few lenders are willing to administer home improvement loans. Most prefer to make home equity loans or unsecured consumer loans because they are easier to manage. Home improvement loans usually require inspections and...