Refinancing a first and second mortgage requires some extra considerations. Depending on your equity, you may find that combining the two mortgages results in a higher interest rate. You may also find that you have to carry PMI with the refinanced mortgage. Will Refinancing Benefit You? Refinancing two mortgages allows you to consolidate your loans into one payment, often lowering…
Tag: Mortgages
Home Equity Loan 101
Times are getting rough these days. Everyday, the saying the money does not grow on trees seems to increase in value. Countless of individuals have grown bankrupt despite the progress economists have been observing. As life continues its course, needs increase as the money required to fill such needs seem to deplete. In such cases when people are faced with…