My husband says we could maybe save money if we’d refinance our house. We currently pay 8% on our loan which is a fixed rate. Isn’t there closing costs involved when you refinance at a lower rate? Would it really be worth it?? Since we’d have to shell out money to do it? We’re not [...]

I know APR loans are a terrible thought, but how would an interest-only loan work? Would it still be a 30 year note, or do they extend the loan? Would I be able to get a fixed rate with an interest-only mortgage loan?

Tags: apr loans, bad idea, fixed rate, interest only loan, interest [...]

I’ve seen a tv show about a neighborhood that had financing with a fixed rate and then it changes to variable and they can’t afford their house payment. Nearly everyone in the neighborhood had their house taken away. We plot on refinancing when our 3 years is up (2 years left). Was [...]

What would the downfall be if the government would give each mortgage holder ,000 to place towards their primary residence? It seems to be the money would be used twice instead of once. The banks would still get the money and the American consumer would be helped out as well. People in [...]

For some people, taking a quick cash payday loan is not a excellent thought, but there are many situations where taking payday loans is a smart go. Realising that no matter who your borrow money from, there is a excellent chance it will cost you something, even if it’s a relationship (borrowing from friends or [...]