Mortgage Refinancing: Important Facts You Need to Know

What is mortgage refinancing? Mortgage refinancing in a layman language means that you are taking new mortgage loan to replace the existing one. Opportunity to refinance mortgage by homeowners is one of the advantages you can enjoy when you own your own house. Apart from the fact that the home serves as a place of abode for you, it is actually an investment. Besides, if you have a good equity in your home, it can also be a source of cheap loan to you. If you choose to refinance your mortgage, the new mortgage loan usually comes with new terms Continue ReadingMortgage Refinancing: Important Facts You Need to Know

After Paying Off Debt, What Next Must I Do?

“What should I do after paying off debt?” This question is common among those people who are about finishing or have just finished paying off their debts. If you have been in debt and have been paying it down gradually, you must have been looking towards to a date when you will completely be out of debts. By now, you will agree with me that it is easy to get into debts but it is not easy to get out of debt. One thing about debt is that, you will end up paying more than the amount you borrowed as Continue ReadingAfter Paying Off Debt, What Next Must I Do?

4 Cs of Credit You Need to Know Before Applying for Credit

What is 4 Cs of credit? Are you planning to apply for credit very soon? Definitely you will like to put things in order before you apply so that your application will not be rejected. Whether you are applying for personal loans or credit card, no financial institution will just grant you the loan or credit without assessing your credit worthiness. No matter your relationship with a bank, it is not automatic that your application for loan will be granted. Before your application is granted, the bank or credit card company will like to look at certain criteria. The criteria Continue Reading4 Cs of Credit You Need to Know Before Applying for Credit