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News and advice

WHAT’S THE MAGIC INTEREST RATE TO REFINANCE YOUR MORTGAGE?

For consumers who purchased their homes or took out any kind of residential mortgage loan in 2022 the future prospect of refinancing can seem very attractive. Here are some things you might want to consider as to finding what mortgage rate is generally the best to justify moving forward on a refinance when rates drop.

Scott Sheldon's The Mortgage FIles Blog
Refinance to Become More Lendable?

SHOULD YOU REFINANCE TO BECOME MORE LENDABLE?

Most families who own homes generally don’t want to refinance unless they can lower their interest rate, pay off debt, consolidate obligations, and/or fix up their homes. Those are all tangible benefits associated with refinancing your home. There are some other things you might want to consider particularly if your situation has some financial obstacles.

Should you cash out refinance or get a home equity line of credit?

Inflation is hitting consumers right and left. Seems like everything is going up these days and one of the most expensive types of debt has just got even more expensive- consumer loans. If you have consumer loans including student loans, personal loans, even a home equity line of credit, or credit cards expect the costs of such obligations to rise.

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