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Refinancing

New Refinancing Option for Commercial Real Estate Launches June 24

Chris Hurn | Posted 06.09.2016 | Business
Chris Hurn

Small business owners scored a big victory recently when the U.S. Small Business Administration announced that the SBA "504" loan refinance program wi...

"A Traffic Ticket Hits Home"

Jerry Zezima | Posted 06.09.2016 | Comedy
Jerry Zezima

By Jerry Zezima Today's Ridiculous Banking Question is: What's the faster way to lose your house: don't pay the mortgage or don't pay a traffic ticke...

Alternative Mortgage Lenders Are Changing Home Buying

NerdWallet | Posted 04.20.2016 | Business
NerdWallet

By Hal Bundrick If you're looking for a mortgage, there's one less reason to walk into a bank these days. Alternative mortgage lenders -- non-bank c...

How Often Can You Refinance Your Mortgage?

NerdWallet | Posted 03.23.2016 | Business
NerdWallet

By Hal M. Bundrick, CFP You were convinced that refinancing your mortgage was the right thing to do -- the first time. Maybe you've even refinanced ...

States Where Refinancing Could Save the Most Money

NerdWallet | Posted 03.10.2016 | Business
NerdWallet

Interest rates have been at all-time lows for years, but millions of people who could qualify for reduced mortgage rates through refinancing haven't taken the plunge.

Should You Refinance Your Mortgage?

Carrie Schwab-Pomerantz, CFP | Posted 01.25.2016 | Business
Carrie Schwab-Pomerantz, CFP

Dear Carrie, I'm thinking of refinancing my mortgage since I know interest rates are going up. Does it still make sense or have I missed the boat? -...

If You Have One of These Degrees, You Could Save Thousands by Refinancing Student Loans

NerdWallet | Posted 11.22.2015 | Education
NerdWallet

Graduates with master's degrees in fine arts, education, business administration or social work also stand to save thousands of dollars.

Differences Between A Reverse Mortgage And Home Equity Loan

Michael Lazar | Posted 06.03.2016 | Fifty
Michael Lazar

If you have owned your home for a long enough time to be able to pay down the balance and free up some equity, both loan options can be viable ones to consider, should you find yourself short on funds. But there are differences between a reverse mortgage and a home equity loan.

The Simple Way to Make Education More Accessible for Tens of Thousands of Americans

NationSwell | Posted 06.02.2016 | Impact
NationSwell

Partnering with the organization Pencils of Promise, which provides education to underserved students in developing countries, CommonBond funds a year of schooling for a child abroad for every degree fully funded through its platform.

Could Your LinkedIn Profile Be Your New Credit Score?

Aryea Aranoff | Posted 05.19.2016 | Money
Aryea Aranoff

If you're a working professional and you're using social media to connect with friends, colleagues and business opportunities, then you need to be aware that your posts, updates, tweets and pictures can impact your financial future.

Dealing With Medical School Debt -- Refinance or Forgiveness?

Aryea Aranoff | Posted 05.14.2016 | Money
Aryea Aranoff

orbearing your loans through all of training is more of an "out of sight, out of mind" option, but can result in a dramatic snowballing as interest piles up. PSLF offers a very attractive potential savings route.

3 Ways To Pay Off Your Mortgage Faster

NextAdvisor.com | Posted 05.24.2015 | Money
NextAdvisor.com

There are a lot of benefits to paying off your mortgage faster. For one, you'll save money on interest charges, which can be tens of thousands of dollars over the course of a loan. Here are tactics you can use to pay off your mortgage faster.

Lending Club's IPO and the Unravelling of the Banking System as We Know It

Jason van den Brand | Posted 03.08.2015 | Money
Jason van den Brand

When history is written, the Lending Club IPO will serve as the tipping point for the disruption of the traditional lending model, and ultimately the unraveling of the banking sector as we know it.

It's All About That Rate: Navigating Your Student Loan Refinancing Options

Aryea Aranoff | Posted 02.18.2015 | Money
Aryea Aranoff

As an employee of a bank offering a national student loan refinance and consolidation program, I often speak with recent graduates looking for guidance on questions regarding their student loans. So, for those of you who still don't fully understand how student loan refinancing works, let me help you out.

Refinance Wisdom: Should You or Shouldn't You?

Jim Gibson | Posted 07.05.2014 | Money
Jim Gibson

Headline news reports that our very own Federal Reserve Board has finally put its foot down. "No more" is the message from the Fed. This announcement is causing some financial pundits along with mortgage brokers to stand up and shout out that you better refinance now while you still can.

When Should You Begin to Aggressively Pay Down Your Mortgage?

Michael Corbett | Posted 06.10.2014 | HuffPost Home
Michael Corbett

I am a big proponent of paying down that ugly mortgage beast as soon as is practical. But, before you go cutting a check to the bank, there is a pecking order of financial priorities you need to address before you consider tackling your mortgage.

In Support of Senator Warren and Student Loan Refinancing

Ethan Senack | Posted 04.14.2014 | College
Ethan Senack

We know students and families across generations are struggling with their debt. High debt can also have serious impact on the economy: causing a generation of Americans to hold off starting a family, buying a house, or even saving for retirement.

What the New Mortgage Rules Mean for Borrowers

realtor.com | Posted 03.31.2014 | HuffPost Home
realtor.com

Whether you're refinancing your home loan or planning to buy a home in 2014, you'll be among the first consumers to apply for a mortgage under new rules.

The Best Gift to Yourself: Refinance a Student Loan and Save Thousands

Charisse Amanda (Conanan) Johnson | Posted 03.05.2014 | Money
Charisse Amanda (Conanan) Johnson

Not to be confused with consolidating a loan, when you refinance a loan, new lender effectively pays back your old loan and you get issued a new loan at a potentially lower interest rate, with a lower required monthly payment.

Will the Latest Fed Meeting Be a Turning Point for Mortgage Rates?

Richard Barrington | Posted 11.25.2013 | Business
Richard Barrington

For the fourth week in a row, 30-year fixed mortgage rates stayed in a tight range between 4.50 percent and 4.58 percent. However, the outcome of the Fed meeting concluded on September 18 raises the possibility that those rates might just fall below that range next week.

Mortgage Rates Are Rising. But When Will It Actually Hurt Real Estate?

Jed Kolko | Posted 11.11.2013 | Business
Jed Kolko

Ever since mortgage rates started their steep climb in early May, we've all been on high alert, watching how higher rates will affect the housing mark...

The President and Housing Finance

Jared Bernstein | Posted 10.07.2013 | Business
Jared Bernstein

Boy, it's a whole different thing to talk about the housing market when it's looking up. President Obama went to Phoenix to talk housing yesterday, a locale no doubt motivated by the double-digit increases in home prices there in recent months. Of course, those gains are off an awfully low base as the state was slammed by the housing bust, but it is well established that the housing market is now reliably rising from the dead, which is pretty much where it was the last time he talked housing out there shortly after he was elected. However, there were a couple of interesting things that came out of the speech.

Mortgage Application Activity Could Stall If Inflation Heats Up

Richard Barrington | Posted 07.03.2013 | Business
Richard Barrington

A continued rise in mortgage rates will impact potential home buyers and refinancers, but it is refinancers who are most likely to scrap their plans altogether. Meanwhile though, a new cloud appeared on the economic horizon which could discourage home buyers as well.

Are You Missing Out on $57,730? Why You Should Refinance Despite Tighter Lending Guidelines

Adrian Nazari | Posted 08.26.2013 | Business
Adrian Nazari

Although stated (self-reported) income mortgage products are no longer available, lender documentation requirements haven't changed all that much in the past 10 years.

Don't Forget the Fed!

Jared Bernstein | Posted 07.29.2013 | Business
Jared Bernstein

Many people's view of economic policy is that "nothing works" be it monetary or fiscal policy. Sometimes it doesn't and sometimes its consequences are unintended. But broadly speaking, such cynicism is dangerously wrong.