New answers tagged

1

Typically in the US, you can easily get quotes for both the interest rate and the APR of a loan. While the figures are similar, the APR gives you a better indication of the total cost of the loan, since it essentially combines the interest rate and the closing costs into a single figure, which makes it a good way to compare different loan offers. So, the ...


3

I am an old person, and over the years I’ve had a number of rental properties as well as those that I’ve lived in. With that, came a number of refinances. When I was trying to buy rental properties and had trouble getting a mortgage from a local bank I went through a broker. Yes that came at a cost. for the home I am in now, nearly 25 years, I have ...


0

I strongly advise you to reconsider whether this is the right time for you to take on additional debt, even for a worthwhile purpose to earn rental income. It is highly unlikely that you can achieve higher returns, or lower risk returns, compared to just paying off your credit card and auto loans. If you pay those off even by consolidating at a 4.5% loan, ...


1

I'm going to answer based on my own personal perspective on financial decisions - ultimately, you need to determine your own criteria (risk tolerance, goals, etc) and decide the answers to your questions for yourself. Personally, I don't think it makes much sense to invest money when you have outstanding high interest debt, because from a pure numbers ...


3

per one of the title insurance company If you're considering refinancing your mortgage, you may be surprised to see that you are required to purchase a new lender's policy of title insurance. This is because a lender's policy only provides coverage for the life of a loan. When a home is refinanced, the life of one loan ends and another begins. ...


0

Purchase Rate means exactly what is says. It is the loan rate you get if you are buying a house. Refinance Rate is the rate you get if you have an existing loan and you want to refinance. Apparently Wells Fargo is not really interested in doing many refinances right now. As of today (3-10-2020), I've seen ads for refi rates as low as 2.99% (in the US), so ...


Top 50 recent answers are included