A Look At Refinance.com
Posted on Feb 19, 2008 under Uncategorized |As you most likely have seen yourself, the current mess in the housing market has been in the media quite a bit. There has been a lot of talk about the sub-prime market, the current state of the economy, and the subsequent effect on borrowers with various mortgage products. Well, with the recent lowering of interest rates many people are wondering not only whether right now is the time to refinance but also if they could even qualify to do so.
Refinance.com wants to aid in finding the answers to those and many other refinancing questions. For some people looking to do a home refinance bad credit may be one of the obstacles which stands in their way. While this does present a different situation than great credit would, it doesn’t mean that there aren’t any options available. At this website you can get a free quote for a bad credit mortgage refinance as well as any other type of refinance.
They also have a variety of tools/calculators to help you get a rough idea of what you’re going to be up against. So even if you’re looking for a bad credit home refinance, you can find the information that you’re looking for. The site layout is simple to navigate and provides ample opportunity to get a quote on whatever type of refinance you’d be interested in. If a refinance may be in your future, see what they have to offer.
Subscribe to Fiscal Musings | Digg This! | Stumble it!
by Lee Matthews -- Financial Concepts West, on February 22 2008 @ 7:34 pm
“Well, with the recent lowering of interest rates many people are wondering not only whether right now is the time to refinance but also if they could even qualify to do so.”
It is rarely beneficial for a homeowner to refinance because of the front-end interest load on a mortgage amortization schedule. A far better alternative is to make use of home equity acceleration:
More and more folks are using a Home Equity Line of Credit (HELOC) or a business-line-of-credit (BLOC) or personal-line-of-credit (PLOC) as an interest cancellation account to accelerate their home equity and payoff their home *years* sooner than listed on their mortgage amortization schedule.
Unfortunately, today’s Real Estate market means that folks can no longer count on appreciation to build home equity. Those who realize that they need to pay down their current mortgage debt are looking for alternate ways to aggressively (yet safely) build equity.
And they’ve discovered a perfect online system to do that; they can focus on their wealth accumulation goals while accelerating their equity simply by using an Advanced Line of Credit (ALOC) to ‘power’ the Money Merge Account™ financial solutions program.
A typical 30 year loan (of whatever type) can be paid down in 1/3 to 1/2 the time — it’s a great way to save *huge* amounts of income by eliminating a mortgage amortization front-end interest load. (On a million-plus dollar home, I’ve personally seen where the Money Merge Account™ program will save the homeowner $750,000 in interest charges!)
And the best thing – homeowners don’t have to refinance their existing mortgage or, in most cases, make any adjustments to their lifestyle.
It is unfortunate that most of us were never taught to follow three essential principles: (1) Avoid paying interest, whenever possible, (2) Use other people’s money, whenever possible and (3) Find and use a financial system that will guide you, especially if you have the tendency to go off-track. The Money Merge Account™ software and the program’s counselors use these principles to keep each homeowner focused on their wealth accumulation goals.
I’d be happy to provide further details…