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How To Consolidate Debt with a Refinance Loan

Americans have a lot of debt. As of mid-2019, U.S. borrowers owed a total of $1.4 trillion in student loans and another $1.07 trillion in consumer credit card debt. And then of course there’s the $1.28 trillion in auto loan debt. Add in first and second mortgages, home equity loans, boat and RV loans, medical bills and personal loans and it's clear that many Americans are carrying a heavy debt burden. If you are a homeowner and fall into that category, you might consider consolidating your debts by refinancing your mortgage. What is Consolidating? Consolidating your debt means ...

August 21st, 2019 | Refinancing a Home, Mortgage Advice, How To Consolidate Debt with a Refinance Loan

Can I Refinance Without Closing Costs?

Homes in Miami can be expensive, and Miami mortgages tend to be expensive too. It may be time to consider refinancing your mortgage. Mortgage refinance loans require fees and closing costs. Is there a way around those fees? Is it possible to refinance without paying closing costs? The answer is yes, although the rest of your loan will be affected. The typical fees associated with refinance loans include lender fees and third-party fees. Lenders fees consist of things like origination, processing and underwriting. Some no-cost refinance programs have the lender pay for all these fees but ...

June 26th, 2019 | Refinancing a Home, Closing Costs, Can I Refinance Without Closing Costs?