Question: Is now a good time to refinance our mortgage to a 15 year fixed rate? We currently have a home equity line of credit with an adjustable 4.25% interest rate and balance of $90,000. The loan term has about...
Question: Would most appreciate your opinion on whether to refinance now or take my chances and let my mortgage rate balloon in October. I refinanced my condo with a 5-year 5% rate 5 years ago which saved me about $100...
Because the government is printing money around the clock, we believe long term interest rates will be forced higher. How high? That will be hard to know exactly, but I think a fair estimate is to see the 10 year bond trade with interest rates between 4 and 8 percent (typically mortgages will be about 1.5% -2% higher than that). There is a lower possibility of much higher rates caused from hyper inflation caused probably as a result of the international community refusing to buy our bonds or using another asset as the world reserve currency.
The below answer is posted on behalf of Bill Perryman, CPA, CFP® Question: I have nearly 20,000 in total loan and credit card debt. My question is should I refinance my mortgage loan with cash-out to pay off this debt????...
Question: Hi, I hope you can help me. I know you've heard this sad story about a million times. We were a two income family, I lost my job in Nov. We are paying our house note and equity loan...
I am wondering if I should refinance my mortgage? I have a $333,000 mortgage, with a home improvement loan of $38,500, for a total of $371,500. Both loans are at 6% fixed. The first loan has 22 years left on...
I have been covering my mortgage, semi retired and work a part time job. Age 65. As long as I have the part time job things work OK. If they cut my part time job I will not be able...
Question: In 2000, I purchased my home with a 5 year ARM.....in 2003, I did an interest rate modification which gave me a rate of 4.125% which is good thru 6/1/09...my current balance is $ 123,000.00. What recommendations do you...
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