Help with a few questions/ choosing a new TV
Alright, just a quick bit of backstory, we bought an HLN617W back in June 2004 and loved it when it worked. The problem was, it liked to break a lot, and in a lot of different ways. A quick run down of a few things: August 04 – Power board replaced June 05 – engine [...]
Depression Statistics
Depression is one of the most common mental health problems that hit teenagers in the United States. In fact, according to a study done by mental health institutions, about 20% of teenagers are likely to suffer from bouts of anxiety and depression before they can even reach adulthood.
How can I reduce my mortgage payment as much as possible?
The most common reason for refinancing is to reduce the monthly payment. If you are looking to reduce your payment to the absolute minimum then you may want to consider a slightly different type of mortgage that reduces your payment more than any other mortgage program while still giving you some of the payment certainty [...]
Can I refinance an investment property or second home?
Yes. Investment properties and second homes can be refinanced like a primary residence either to reduce the payment, the loan term or to take cash out.
Will I have to show proof of income? Assets? Employment?
As mentioned before, there are different programs which will require different levels of documentation. Generally speaking, the more documentation you provide the lower your interest rate will be.
Will I have to pay a penalty if I re-finance and pay off my current mortgage early?
There are two questions to consider; firstly, does your current mortgage have a pre- payment penalty? Many mortgage programs do contain a pre-payment penalty and it is not uncommon for a borrower to be unaware of whether their mortgage does have such a clause.