Here's how to determine whether you will benefit by refinancing your mortgage 2 major types of refinances are: Rate-and-term refinancing to save money. Typically, you refinance your remaining balance for a lower interest rate and a term you can afford. (The term is the number of years it will take to repay the loan.) Cash-out refinancing, in which you take out a new mortgage for more than you owed. You take the difference in cash or you use it to pay off existing debt. Other reasons people refinance: to … (0 comments)
southern california home loans: Examples of how to buy a home with your tax refund
- 01/28/16 10:10 AM
The end of the year can be a very joyous time for many of us. It is a time when we can spend some quality time with our families, experience the joy of giving to others, and reflect on how thankful we are. The end of the year also allows us to reflect on our previous year and come up with next years goals. Some people may have goals and aspirations to try to lose weight, others may try to find a better job or start a small business, and still others may want to buy their first home or even … (0 comments)
southern california home loans: How to buy a home with no down payment
- 01/20/16 09:54 AM
Don't have tens of thousands of dollars in savings? That doesn't mean there's no hope of becoming a homeowner. Home prices are on the rise, making it harder for buyers to cobble together a 20% down payment. With the national average listing price for a four-bedroom, two-bathroom home at $302,632, according to Coldwell Banker Real Estate, home buyers need to come up with $60,526 to put 20% down. But there are options for buyers who don't have that kind of cash sitting in the bank.
A number of factors are coming together, making next year a good time to buy: Don't have tens of … (0 comments)
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