www.rcnyc.org » re-financing

Re-Financing with Shorter Loan Terms

admin — Sun, 27 Dec 2009 16:09:58 +0000

For some homeowners there is the possibility of making a sound re-financing decision even when interest rates are stagnant, the homeowner does not have a great amount of equity in the home and the homeownerâ€™s credit score has not increased significantly. You might wonder how this is possible. It certainly isnâ€™t an option for every [...]

Re-Financing with Shorter Loan Terms is a post from: www.rcnyc.org

Re-Financing with a Line of Credit Loan

admin — Mon, 07 Dec 2009 16:06:19 +0000

Some homeowners might consider re-financing with a home equity line of credit as opposed to a traditional loan. There are definite advantages and disadvantages to these types of situations. The key to understanding whether or not re-financing with a home equity line of credit is worthwhile involves understanding what a home equity line of credit [...]

Re-Financing with a Line of Credit Loan is a post from: www.rcnyc.org

Re-Financing to Consolidate Debt

admin — Wed, 02 Dec 2009 16:03:26 +0000

Some homeowners opt to re-finance to consolidate their existing debts. With this type of option, the homeowner can consolidate higher interest debts such as credit card debts under a lower interest home loan. The interest rates associated with home loans are traditionally lower than the rates associated with credit cards by a considerable amount. Deciding [...]

Re-Financing to Consolidate Debt is a post from: www.rcnyc.org

What is a Cash Out Re-Finance?

admin — Sun, 22 Nov 2009 16:16:57 +0000

A cash out re-finance basically enables the homeowner to re-finance their home for an amount greater than the balance of the exiting mortgage. The homeowners than repay the existing balance plus the additional amount over the course of the loan period and are given a check for the amount above and beyond the balance of [...]

What is a Cash Out Re-Finance? is a post from: www.rcnyc.org

Understanding Re-Financing

admin — Tue, 17 Nov 2009 16:15:25 +0000

Understanding the process of re-financing can be quite dizzying. Homeowners who are considering re-financing might initially be overwhelmed by the number of options available to them. However, after taking some time to educate themselves about the process, they will likely find the process is not nearly as daunting as they had imagined. This article will [...]

Understanding Re-Financing is a post from: www.rcnyc.org

When Is It a Mistake to Re-Finance?

admin — Wed, 28 Oct 2009 16:18:28 +0000

Many homeowners make the mistake of thinking re-financing is always a viable option. However, this is not true and homeowners can actually make a significant financial mistake by re-financing at an inopportune time. There a couple of classic example of when re-financing is a mistake. This occurs when the homeowner does not stay in the [...]

When Is It a Mistake to Re-Finance? is a post from: www.rcnyc.org