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Home loan refinance

How Refinance Can Save A Homeowner’s Money

Why inadvertently pay thousands and thousands of dollars on a mortgage when you can save money by choosing the proper time to refinance your loan? Here’s how it works: Lower interest rate Refinancing makes financial sense, as the new loan may result in at least a 1 percent decrease in your interest rate. If you are currently paying a mortgage with an 8 percent interest rate, and you found a new mortgage with an interest rate of 6 percent, you’ll be saving 2 percent! Let’s say, your current mortgage is $100,000 with an APR of 8 percent per annum, payable […]

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How To Satisfy Credit Judgements Without Going Bankrupt

Learn a few short tips on managing your finances, especially when you are in the process of satisfying credit judgements. Here are five financial tips for judgement debtors: 1. Establish SMART Goals Setting a goal isn’t as easy as planning out a trip for the weekend. You set the place, the time, drive, and then, done. In order to achieve a goal, you must learn how to set it properly. Goal setting is the process of making an action plan to motivate yourself to pursue your goal. It consists of criteria or set of rules that will serve as your […]

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Second Mortgage: Alternative to Bankruptcy

Many borrowers think that bankruptcy is a practical option to solve their debt problems. But, the truth is that second mortgage is an affordable and practical alternative to bankruptcy that would help you reduce your debts without going to court. Why take a second mortgage When you are faced with multiple debts and you no longer have enough money to pay for them all, and creditors as well as credit collectors are knocking at your doorstep, use your house as a shield. Obtain a second mortgage to consolidate your debts. It is an easy way to pay off debts and […]

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Should I Refinance My Home Before Retirement?

Is retirement lurking around the corner and you’re worried that your savings are not enough to maintain your lifestyle? Read on to learn whether it is wise to refinance your home when there’s little time left at the workforce, and the tips on how to use this type of financing wisely. Is it too late to start all over again? Refinancing your home could mean a lot of things. It can be a debt consolidation strategy to help you start with a clean slate. Perhaps you want to make sure that you have enough money to save and you don’t […]

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4 Signs That You Can Keep Your Debt Agreements

The following signs indicate that you can manage your money like a pro, abide by your debt agreements and that you can develop a strong financial strategy to withstand the hurdles in life. If you are in a relationship  You share financial responsibilities with your spouse or partner. If only one person carries the ball in marriage when it comes to money management, things may be a bit rocky when times get hard. But couples, who don’t easily jump into financial decisions-but take time to make a decision, create a budget and a bill payment strategy will do better than […]

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Why Refinancing Is Better Than Self-Employed Personal Loans

If you need instant money, you may have considered personal loan. They’re often faster to approve, but you can get high interests over a short period of time. Well, if you are expecting to receive money to pay on the scheduled due date-let’s say in a month, or in less than two weeks-then go on. But, if you’re not sure, you may have to skip payment until your principal loan and interest charges balloon. In such case, refinancing will be a better option. Here are some of the key reasons why refinancing is a better choice than self-employed personal loan: […]

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How to Apply for First Home Super Saver NSW (FHSS)

Important things to keep in mind when applying for FHSS – First Home Super Saver NSW. If you’re a home buyer for the first time, you may qualify for first home super saver NSW. It is government assistance amounting to $15,000 grant for new homes as long as the purchase price does not exceed $650,000. You can also apply for a $7000 Regional Relocation Grant if your new location is in the regional area, provided that you have relocated from a metropolitan area. What qualifies as a new home?  It was not previously occupied – If you rented it out to […]

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Benefits of Purchasing a New Vehicle Using No Credit Check Loans

If you want to a buy a new vehicle in cash, to avoid the heavy interests of auto loan, no credit check loans can help. Many car buyers contemplate whether buying a brand new car is far better than getting an auto loan. If you are willing to part with your car the moment you default on the loan, then you can opt for the latter. But, if you want to keep your car, without fear of being dragged out of you, you can opt for loans which will not use it as collateral. There are also many personal loans […]

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Top Mortgage Refinance Mistakes to Avoid

  Mortgage refinance is a serious financial strategy that should be carefully thought about. Learn about the common mistake that borrowers make when refinancing their mortgage and learn to avoid them.   Not planning head of time.   Mortgage refinance is a strategy, and must not be taken lightly. Why do you want to refinance your home? It is important to list all your reasons before you take the plunge. If you want to lower your payment, then think about ways on how you can lower it. Maybe you can call your mortgage company and negotiate a deal. Or, you […]

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The Practical Benefits of Refinancing for Parents

  Financial problems combined with the constant demands of caring for your young children can test your limits. The financial challenges of starting a family can also take a toll on your health. Here are some ways refinancing can help you take care of the needs of your new family.   Self-control: If you took out refinancing to pay for your debts, you will realise that there is always a price to pay in every decision you make. That means, you can lose one of your most prized possessions – your house in case of default. With this in mind, […]

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