Tuesday, July 7, 2020

Top 10 things to know before refinancing your mortgage

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Refinancing your home mortgage could potentially reduce your interest rate and monthly payments or give you access to some of the equity in your home. But that doesn’t necessarily mean it’ll save you money or it’s a good decision. 
If you’re thinking about refinancing your mortgage loan, here are 10 things to keep in mind before you pull the trigger.

1. Your reason for refinancing

Refinancing a home loan can be expensive, so it’s crucial to know why you want to do it. For example, maybe you want a lower interest rate or monthly payment, or you want to do a cash-out refinance to pay off high-interest debt or make some home improvements. 
Whatever your reason, make sure it’s worth the costs and work associated with refinancing your existing mortgage. Online marketplace Credible allows you to find out what rates you qualify for right now. Check it out.

2. The current mortgage rates

It generally doesn’t make sense to refinance your home loan unless they’re lower than what you’re currently paying. Before you start submitting applications, check the current mortgage rates to see how they compare with your existing mortgage. 
Also, keep in mind that just because mortgage rates are lower now, that doesn’t mean they’ll stay that way. If reducing your interest rate and monthly payment are your top priorities, start applying sooner rather than later.
You can visit Credible to compare mortgage rates from multiple lenders in one place.

3. The type of rates advertised

As you compare your current loan with market rates, make sure you’re comparing apples to apples. For example, adjustable-rate mortgages typically start with lower interest rates than fixed-rate mortgages. However, after their initial fixed period, they can fluctuate based on the current market rates. 
So if you have a loan with a fixed rate, make sure you’re comparing it with new fixed-rate loans, unless switching to an adjustable rate is your goal. In general, though, it’s more common to switch from an adjustable-rate to a fixed rate for more certainty.

4. Your credit score

While average mortgage rates can give you an idea of whether or not you can save, your actual rate on a refinance loan will depend largely on your credit history, existing debt, and income. 
Check your credit score to see where you stand. If it’s lower than it was when you first bought the home, you may need to take steps to improve your score before you apply. Credible's online tools can help you compare lenders without any impact on your credit score.

5. Your debt-to-income ratio

Your debt-to-income ratio—how much of your monthly gross income goes toward debt payments—is a major factor in determining your eligibility for a mortgage loan. If you’ve taken on more debt since you obtained your existing mortgage loan, it could make it difficult to refinance. 

6. Your home’s equity

If you’re hoping to tap some of your home equity with a cash-out refinance, the home value is an important indicator of whether you’ll qualify and how much you can take out. 
In general, lenders will allow you to borrow up to 80 percent of your home value. So if the home is worth $300,000, the maximum new loan is $240,000. If your current loan is for $200,000, you could potentially get up to $40,000 in cash with a cash-out refinance. But if your loan is at $240,000 or above, you likely won’t qualify.

7. Closing costs

Closing costs on a mortgage refinance can range from 2 percent to 6 percent of the loan amount, which can run in the thousands of dollars. If you don’t have enough cash to pay those closing costs out-of-pocket, you may be able to roll them into the new loan—assuming the loan still meets the requirement of being 80 percent or less of the home value. 
However, rolling them into the refinance means you’ll be paying interest on them over the life of your new loan.

8. Break-even point

If you’re refinancing to save on your monthly payments, you’ll need to divide the monthly savings by the amount of the closing costs to determine how long it’ll take you to break even on those upfront expenses. If you’re planning to move before that time, it may not make sense. 
For example, let’s say a refinance could save you $100 per month, but the closing costs are $5,000. In this scenario, it would take you 50 months to break even. If you’re planning to stay in the house longer than that, it makes sense. But if not, you may want to stick with your existing mortgage.
Consider using an online refinance calculator to help you determine whether refinancing makes financial sense.

9. Mortgage insurance

If you put down less than 20 percent when you first bought your home, you may be paying private mortgage insurance (PMI). With some government-backed loans, you may be paying some other form of mortgage insurance.
Depending on how much your home value has increased and how much of your current loan you’ve paid down, though, refinancing could help you eliminate mortgage insurance from your monthly payments, increasing your savings.

10. Your new mortgage term

Refinancing not only allows you to get a new interest rate but also a new repayment term. You can generally choose between a 10-year, 15-year or 30-year mortgage. While a shorter term will ensure you’ll be debt-free sooner, you’ll want to make sure you have enough room in your budget for a higher monthly payment.
And while resetting to a 30-year mortgage again can reduce your monthly payment, it will also result in more interest over the life of the new loan. 
Visit an online marketplace like Credible to view refinance rates and loan options. You can get prequalified without impacting your credit score.

The bottom line

Refinancing your mortgage isn’t always a good idea. Take your time to understand your situation, research your options and run the numbers to make sure it’s the right time and the best path forward.

Thursday, July 2, 2020

News Powerful men are scared about what Ghislaine Maxwell will say


Ghislaine Maxwell, the alleged child sex trafficker and abuser in league with Epstein, was finally arrested Thursday morning.
Her guilt, in the court of public opinion, isn’t in question.
The only question is: Will the federal government keep Maxwell alive to stand trial?
There’s good reason conspiracy theories still swirl around Epstein’s suicide, nearly one year ago, in a downtown federal prison — a prison, by the way, that safely housed Bernie Madoff, the 1993 World Trade Center bomber, El Chapo and a terrorist who told the New York Times it was tougher than Guantanamo Bay — and he would know, because he’d been held in both.
It stands to reason that the federal government should be able to contain a socialite.
At the time of his death, Epstein was likely the most high-value prisoner in federal custody. He had ties to incredibly powerful men who had everything to lose if they were exposed. He was that most vile of criminals, a pedophile, a child molester, a rapist and a sex trafficker.
Maxwell is the last chance these victims have at justice. Epstein’s suicide was yet another brutal victimization. The federal government — if only out of its own self-interest — cannot let a prison suicide (or “suicide,” depending on what you believe) happen again.

Maxwell must be treated as she is: as high-value as Epstein, as dangerous and sneaky, kept under the strictest 24/7 suicide watch.
Here’s a detail that should make prosecutors and prison guards nervous: In the recent Netflix documentary “Jeffrey Epstein: Filthy Rich,” a survivor stands outside Epstein’s Manhattan townhouse and points to pockmarks in the edifice.

Sunday, June 28, 2020

News JP Morgan Chase drops foreclosure against 100-year-old WW II Vet


The JP Morgan Chase bank on Friday agreed to drop its foreclosure case against centenarian James Been over a disputed $100,000 home equity loan issued to him and his now late wife, Christine, in 2006.
The stunning turn about by the bank came after The Post reported on its foreclosure suit against Been, a Brooklyn native who celebrated his 100th birthday last week.
“Mr. Been will not be evicted from his home and the loan will be forgiven,” a JP Morgan spokesperson said in a brief statement.
Been, who has resided in the same two-story Bedford Stuyvesant home his entire life, was thrilled that the bank is backing off.
“Oh, great! Thank you,” Been, a retired bus driver and trolley operator, said.
Been, who is black, served in the segregated 93rd Army Infantry Division fighting in the South Pacific during WWII.
“This is fantastic. I’ll truly believe it when I hear it from the lawyers, but I’m cautiously pretty optimistic,” said Been’s lawyer Belinda Luu, who works with Mobilization for Justice, a group that provides  legal services to the needy.
The bank’s lawyers filed the foreclosure case in December 2018 after Been failed to make monthly repayments.
Been’s signature was in the loan statements provided in court documents.
But Been said he could not recall securing a loan and had no reason to. In court papers, he insisted his signature was forged.
Readers who heard about Been’s plight emailed The Post asking if they could donate money to help pay his outstanding loan or related expenses.
Those still wishing to do so can mail a check payable to Mobilization for Justice, Inc. with “James Been” in the memo line. It can be mailed to Mobilization for Justice, P.O. Box 571, New York, NY 10025
Or one could make a credit card donation online at https://secure.qgiv.com/for/mfjiny.
Then click under Additional Information, “I would like to dedicate this donation to someone” and dedicate the donation in honor of “James Been.”

Tuesday, June 16, 2020

Are Easy Financial's installment loans a good deal? (CBC Marketplace)



Affirm is a privately held financial technology company headquartered in San Francisco.[1] Founded in 2012, the company operates as a financial lender of installment loans for consumers to use at the point of sale to finance a purchase.

Label = Get A Home Loan

Tuesday, July 4, 2017

Payday Loans No Debit Card - Classic Loan Solution

Payday loans no debit card is the most sought-after monetary option for availing small cash to meet expenses which happen between two consecutive paydays. There are many salaried people, who have limited income per month are failure to manage their day-to-day expenditures. They need some funds in a hurry but they are worried where they should apply for loan. Landlords are strict with their terms and conditions in lending. Just forget it and move toward the payday loans no debit card which is available online to offer the sufficient money with fewer formalities.

Payday Loans No Debit Card 

Numbers of lenders are working in collaboration with many payday loans no debit card banks in the country United Kingdom. You have to go online to find these loans easily and quickly. You have to opt for one of many lenders in cut-throat loan competition market. Now you have to start completing a simple and cost free application form with all necessary information. Once this process is finished, the lender may take instant decision for approval and he will transfer the money directly into your bank account safely. This medium is free of tricky processes like faxing and lengthy paperwork.

Normal criteria are needed to qualify for payday loans no debit card. You should be adult attaining the eighteen years old of age. You are having a UK residential proof that is valid for at least six months old. You should be employed or self-employed with income at least 1000 per month and you have an active checking account for receiving the applied cash in your bank account via direct deposit.

All of these qualifications assist you finding the best cash deal on payday loans for people on benefits despite your bad credit history. No credit check is required so you marked with adverse credit factors that consist of arrears, foreclosure, late payments, missed payments, country court judgments, individual voluntary agreements, defaults, insolvency or low credit scores are considered perfect to enjoy the loan anytime without the fear of credit checks.

Sometimes, you need some funds without debit card at the eleventh hour. You need to move toward the payday loans no debit card for 100% approval. You can avail an amount ranging from 100 to 1000 without giving your collateral in lieu of the offered finance. This finance is offered for small reimbursement period of 2-4 weeks. Moreover, you are full freedom to utilize the finance to clear off many expenses such as paying for electricity bills, grocery store bills, accidental treatment bills, credit card dues and so on.

Wednesday, April 20, 2016

Personal Bad Credit Loans Free Significant Information

It's difficult to provide accurate Personal Bad Credit Loans information, but we have gone through the rigor of putting together as much Personal Bad Credit Loans related information as possible. Even if you are searching for other information somehow related to Credit Card Offer For Bad Credit, Car Loans Credit Score, Fax less Bad Credit Payday Loan, Check Credit Installment Loan No, Sub Mortgage Brokers or Sadek Quick Loan Funding this article should help a great deal.

Personal Bad Credit Loan


Filing for bankruptcy is not really the end of the world. You can successfully overcome it. Securing a bankruptcy loan is one way of regaining your financial strength. This will help you get your own house and automobile, even after you are declared as bankrupt.

Today, the financial market has provided various alternatives to the debtor for managing debts. The person makes choice between the various alternatives, depending upon his needs and the financial status. The person can go for a debt consolidation mortgage, debt consolidations re-mortgage and the most popular way is personal debt consolidation loan.

Credit history, infect, matters much for secured or unsecured personal debt consolidation loans. You should pay off easy debts before asking an agency to update your credit report. Lenders give you scores based on the report. A score of 620 or above is considered good and qualifies you to ask for a lower further lower interest rate.

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If the fee is substantial, you could be better off by putting your spare funds to another more cost-effective use. Most credit cards and other kinds of debt will charge a higher rate of interest than a personal loan, and so concentrating on reducing these first may be a better use for your money. By clearing your higher-interest debts first, your spare cash will be having the most beneficial effect.

There are hundreds of lenders who offer unsecured loans. You see flashy advertisements and lucrative offers in newspapers, television and online. A borrower should first consider a few things before applying for a loan. These include the amount needed, the repayments that will have to be made and the financial position of the borrower. After this has been done, the borrower should look for a lender who provides the best interest rate. If you choose an Internet lender website, there is usually an online application and approval can be within a matter of minutes. Searching for these lenders is easy and can be done by using any search engine.

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Monday, January 5, 2015

Fast Bad Credit Personal Loans How To Get Money In An Emergency


If you're one of the numerous those who are struggling with financial hardships and also discover a way from these situations, you'll be able to seek help with fast poor credit personal financial loans. This type of loan will help alleviate your financial problems often. With by doing this of borrowing, you'll have the ability to get the money when it's needed probably the most and with no