WATER RATE HIKE SOLUTIONS SPLIT BETHLEHEM LEADERS * ONE PUSHES FOR REFINANCING; OTHER SAYS THAT’S JUST DELAYING TAXPAYERS’ INEVITABLE BILL BLOW. – Bethlehem may refinance its $249 million water debt to soften what is expected to be a huge water rate hike for. "When you lose your job and your house payment is too high, you refinance," Reichard.
What Is Refinancing A House Mean – Homestead Realty – Refinancing a house means obtaining a new loan to cover the previous one and getting better terms on mortgage agreement. Another important point of refinancing mortgage is a necessity to stay in your house during the repayment period.
· Cash-Out Refinance Options for Your Paid-Off Home. With a cash-out refinance, you can take out 80 percent of the value in cash. With an FHA cash-out refinance, the limit is 85 percent plus you have to pay a mortgage insurance premium and upfront premium. For some people, taking out a cash-out refinance for an investment can be quite profitable.
A mortgage refinance can reduce your monthly payments. For instance, a refinance could extend the term of the loan from 15 years to 30 years, which would reduce monthly payments. For example, the.
A mortgage refinance can seem challenging, but if you plan ahead and follow these simple steps, the process can go smoothly. Find out how to refinance, including setting a goal, getting your.
When (and when not) to refinance your mortgage. Refinancing a mortgage means paying off an existing loan and replacing it with a new one. There are many reasons why homeowners refinance: the opportunity to obtain a lower interest rate; the chance to shorten the term of their mortgage; the desire to convert from an adjustable-rate mortgage (ARM).
4 Good & Bad Reasons to Refinance Your Home Mortgage Loan – It can be tempting to refinance your home mortgage when you have the money to make a big purchase. Luxury vehicles, boats, RVs, new furniture, and expensive cruises or vacations are typical large purchases that homeowners may use as excuses to increase a mortgage when interest rates are low.
Think You Paid Too Much For Your House? The Most Common Ways Buyers Overpay Without Realizing It. – If you believe in the saying small leaks sink big ships‘ then you have probably bought a house in your lifetime. Don’t just research what is going on in the few square blocks where you want to buy.
Here are the two major types of refinances: 1. Rate-and-term refinancing to save money. The majority of homeowners refinance the rest of the balance on their mortgage for a lower interest rate and.