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refinancing

  1. Debt Reduction & Money Management
    I need advice. I currently owe $118,000 on a 30 year fixed mortgage at 4.375% having paid 2 years on it. I can refinance down to a 15 year for 3.75% increasing my monthly payment by $225. here's the issue. I don't readily have the $225 a month. I do have a car payment of $231. I do have...
  2. Automotive
    I'm so excited! last week I received an email from AAA about auto refinancing. So I called and filled out the application just for the heck of it. I got approved with a 2.79% rate, currently paying over 5%. This will cut my 60 month loan down to 48 months with adding $4 a month to my...
  3. Debt Reduction & Money Management
    I am considering refinancing my home from 6.5% to 4.375%. And most closing costs, etc., would be rolled into the monthly payment. My question is---are there any DISadvantages to refinancing a home?
  4. Debt Reduction & Money Management
    I think we may be refinancing soon. Just to be safe in case of a layoff. There were layoffs yesterday. Approx 15% of the staff. They are talking more in a few weeks. I looked at the numbers due to low rates right now(we're on variable rate) we'd only need to pay a $600 penalty to renew early...
  5. News you can use
    Refinancing after bankruptcy Lenders won't be swarming to refinance a home even after a bankruptcy is discharged, says the Bankruptcy Adviser.
  6. News you can use
    Refinancing: Great deals ... if you qualify If you've kept your credit score up and can prove your income, here's where and how to find the best refi deals.
  7. Debt Reduction & Money Management
    I am posting this from another post I had made on the Stay at home mom board. Here is a little bit of our situation DH and I have a ton of CC debt. What is on my signature is just the tip of the iceburg. We are in CCCS right now and although I have no complaints, we still have about 3 years to...
  8. Debt Reduction & Money Management
    has anyone thought about doing this? I was thinking that this could be benificial to getting rid of some debt.........:toilet:
  9. News you can use
    Avoid rollover and refinancing penalties Do we have to claim our government rebate checks as income on our 2008 tax return? - Dusti, Idaho
  10. Question and Answer
    Does anyone know much about this? What is the point of it exactly? Does it lower your payments but make your mortgage longer? I know its a dumb question but I was wondering. :)
  11. Debt Reduction & Money Management
    YEAH ME! I just refinanced our van. We bought it last year had no choice but to buy it for a safe vehicle (2006 Honda Odessey), last one on the lot and we got a ROCKING price but unfortunately they rocked us in the apr. It was high but we were stuck after two used vans broke down on me with...
  12. Debt Reduction & Money Management
    I need the good, the bad, and definitely the ugly! Anyone go this route on their mortgage? What I owe on my home = $65,400 What it's worth = $120,000 easy, probably more (was appraised for over 100k before we bought it, remodeled and built shop) What other debts I have = less than $50,000...
  13. Debt Reduction & Money Management
    We closed today on our refinancing and are going to save $100 a month on our house payment plus we went from a variable rate to a fixed rate of 5 %. That will really help us out alot. We are also getting back about a $1,000 to pay on our other bills. How many people have refinanced there...
  14. Debt Reduction & Money Management
    DH and I have decided to refinance our home. We have talked to our old loan officer and have already locked in at a new rate of 5.5%. I am very excited as this is almost a 2% drop in our current interest rate plus we will be SAVING $150 per month. Almost too good to be true!!! ;) Just...
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