22/06/2017

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Loan Modification Process most borrowers will stay in their current mortgages, refinancing in a "difficult" market can improve your financial health in different ways. As mortgage Council have consistently held themselves around 5% for fixed-loan products, the idea of mortgage refinancing to a lower rate has appealed to many home owners. Traditionally, obtaining a lower rate should lower the monthly mortgage payment. In many real estate markets, home prices have been falling, making it more difficult to obtain a new mortgage as proposed loan amounts to the home value ratio has changed significantly. Additionally, credit policies with lenders have so changed making it even more difficult to obtain a mortgage. Read more here: David S. Levine. While most borrowers want to stay in their current mortgages, refinancing in a "difficult" market can improve your financial health in different ways. Use home equity to pay down consumer debt. Credit card companies are taking advantage of consumers who have outstanding balances. With interest Council around 20% in many cases, using home equity to eliminate consumer debt is a smart move in a calm real estate market. Fund a retirement plan using home equity. There are many investment opportunities available that will put your home equity to work in a tax free retirement account. Many mutual funds are available that are paying significant dividends and are attractively priced. Take advantage of quarterly and annual dividends for...