Should You Refinance to an Adjustable Rate Mortgage?
(via Home Loan Advisor) An adjustable rate mortgage (ARM) is a type of mortgage where the interest rate charged on the outstanding balance varies based on a specified schedule. The interest rate is initially fixed for a given period after which the rate is set periodically. There are many advantages associated with the adjustable rate […]
Refinancing your Home when You Have Bad Credit
You want to refinance your home, but your credit report doesn’t exactly look like a bed of roses. Refinancing surely won’t be easy to get, but don’t get stressed out. Even though banks take a tough stand regarding their lending standards, it’s still not impossible to get refinancing for your home without an impeccable credit […]
