Posts Tagged ‘Principle’

Los Angeles Mortgage Broker Explains Short Pay Refinance

BillRaymanMortgages asked: www.mortgagehelplosangeles.com If the market value of your home is currently less than you owe your bank, AND if you are current in your payments and your credit is still in good shape, you may qualify for a new mortgage refinance approach that will reduce your principle to 90% of the current market value [...]

Three Rules of Thumb for Mortgage Refinancing

Stephen Nelson asked: You might think that deciding to refinance a mortgage requires only a quick comparison of loan interest rates. Unfortunately, that’s not really true. Refinancing is trickier than that! Fortunately, three useful rules of thumb can often help you make sense of refinancing opportunities.Rule 1: Don’t Ignore Total Interest CostsYou really want to [...]