Comments for Refinancing Wizard http://refinancing-wizard.com Tue, 17 May 2011 23:08:14 +0000 hourly 1 http://wordpress.org/?v=3.0.4 Comment on What government programs are available to refinance if your loan is NOT owned by freddie mac or fannie mae? by BuyingHelp http://refinancing-wizard.com/what-government-programs-are-available-to-refinance-if-your-loan-is-not-owned-by-freddie-mac-or-fannie-mae/comment-page-1/#comment-2504 BuyingHelp Tue, 17 May 2011 23:08:14 +0000 http://refinancing-wizard.com/what-government-programs-are-available-to-refinance-if-your-loan-is-not-owned-by-freddie-mac-or-fannie-mae/#comment-2504 You may want to check this URL below for further help on your query. http://www.first-time-home-buyer-solutions.com/mortgage-library.html You may want to check this URL below for further help on your query.

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]]> Comment on How much interest will refinancing save on my home loan? by Money Girl http://refinancing-wizard.com/how-much-interest-will-refinancing-save-on-my-home-loan/comment-page-1/#comment-2486 Money Girl Wed, 26 Jan 2011 23:14:34 +0000 http://refinancing-wizard.com/how-much-interest-will-refinancing-save-on-my-home-loan/#comment-2486 The following articles will give you links to some online refinance calculators that can help you crunch the numbers: http://moneygirl.quickanddirtytips.com/loan-refinance.aspx http://moneygirl.quickanddirtytips.com/how-to-qualify-for-a-mortgage-or-refinance.aspx The following articles will give you links to some online refinance calculators that can help you crunch the numbers:
http://moneygirl.quickanddirtytips.com/loan-refinance.aspx
http://moneygirl.quickanddirtytips.com/how-to-qualify-for-a-mortgage-or-refinance.aspx

]]> Comment on How much interest will refinancing save on my home loan? by efflandt http://refinancing-wizard.com/how-much-interest-will-refinancing-save-on-my-home-loan/comment-page-1/#comment-2485 efflandt Wed, 26 Jan 2011 23:02:58 +0000 http://refinancing-wizard.com/how-much-interest-will-refinancing-save-on-my-home-loan/#comment-2485 Why didn't you refinance 5 years ago, or were you still improving your credit rating? Web search "amortization spreadsheet". I think I got one from http://www.vertex42.com/ExcelTemplates/excel-amortization-spreadsheet.html that also allows you to enter extra principal payments. If you don't have Excel, you could get OpenOffice http://www.openoffice.org/, soon to be LibreOffice (still under beta testing) http://www.documentfoundation.org/download/ I originally bought my home in 2002 @ 7% and refinanced 3 years later @ 5.99% for 20 years. Since it was with my original lender, total closing costs were $170. Payments are $30 more per month, but it shaved 7 years of payments and $62,000 in interest from my loan. If you refinance for another 30 years, your monthly payments will be much lower, but the longer term will cost you more in the long run than a shorter term. However, as long as you get a loan without a prepayment penalty, you can pay extra towards your principal without being pressured to pay that much every month, which will reduce the number of payments to end the loan earlier (but does not allow you to skip any payments before it is fully paid off). Why didn’t you refinance 5 years ago, or were you still improving your credit rating?

Web search “amortization spreadsheet”. I think I got one from http://www.vertex42.com/ExcelTemplates/excel-amortization-spreadsheet.html that also allows you to enter extra principal payments.

If you don’t have Excel, you could get OpenOffice http://www.openoffice.org/, soon to be LibreOffice (still under beta testing) http://www.documentfoundation.org/download/

I originally bought my home in 2002 @ 7% and refinanced 3 years later @ 5.99% for 20 years. Since it was with my original lender, total closing costs were $170. Payments are $30 more per month, but it shaved 7 years of payments and $62,000 in interest from my loan.

If you refinance for another 30 years, your monthly payments will be much lower, but the longer term will cost you more in the long run than a shorter term. However, as long as you get a loan without a prepayment penalty, you can pay extra towards your principal without being pressured to pay that much every month, which will reduce the number of payments to end the loan earlier (but does not allow you to skip any payments before it is fully paid off).

]]> Comment on What is the best debt consolidation company out there? by graciela http://refinancing-wizard.com/what-is-the-best-debt-consolidation-company-out-there/comment-page-1/#comment-2483 graciela Wed, 26 Jan 2011 11:09:28 +0000 http://refinancing-wizard.com/what-is-the-best-debt-consolidation-company-out-there/#comment-2483 If you want * over 50% of your debt negotiated away * become debt free as soon as possible * Avoid bankruptcy * reduce your total debt balanced * one affordable monthly combined payment * home ownership not required * free quote with no obligation Check this site, http://Debt-Consolidation-USA.com Here you can get free quote from all debt specialists that available in your area. It's free and fast If you want

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* become debt free as soon as possible
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* home ownership not required
* free quote with no obligation

Check this site,

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Here you can get free quote from all debt specialists that available in your area. It’s free and fast

]]> Comment on What is the best debt consolidation company out there? by Debtgurus http://refinancing-wizard.com/what-is-the-best-debt-consolidation-company-out-there/comment-page-1/#comment-2482 Debtgurus Wed, 26 Jan 2011 10:21:17 +0000 http://refinancing-wizard.com/what-is-the-best-debt-consolidation-company-out-there/#comment-2482 You have two very popular programs out there. The first program is Debt Settlement and the second program is Debt Consolidation. Debt Settlement is designed for people that are behind on their payments or if they see themselves falling behind shortly. Usually, with that program your payments could be cut by up to half of what it is now. Debt Consolidation is different, that is designed for people that can afford their payments and just want a lower interest rate. I would look into this company www.rapiddebtsolution.com . They offer both options for you. You have two very popular programs out there. The first program is Debt Settlement and the second program is Debt Consolidation. Debt Settlement is designed for people that are behind on their payments or if they see themselves falling behind shortly. Usually, with that program your payments could be cut by up to half of what it is now. Debt Consolidation is different, that is designed for people that can afford their payments and just want a lower interest rate. I would look into this company http://www.rapiddebtsolution.com . They offer both options for you.

]]> Comment on Where is the best place to take out a personal loan for both debt consolidation and some personal items? by Sane http://refinancing-wizard.com/where-is-the-best-place-to-take-out-a-personal-loan-for-both-debt-consolidation-and-some-personal-items/comment-page-1/#comment-2481 Sane Tue, 25 Jan 2011 23:22:15 +0000 http://refinancing-wizard.com/where-is-the-best-place-to-take-out-a-personal-loan-for-both-debt-consolidation-and-some-personal-items/#comment-2481 Check the site thoroughly. It’s an excellent site with some wonderful options for you. It will definitely help you. Have a look. http://best-online-loans.info/ Check the site thoroughly. It’s an excellent site with some wonderful options for you. It will definitely help you. Have a look.

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]]> Comment on Where is the best place to take out a personal loan for both debt consolidation and some personal items? by Monash http://refinancing-wizard.com/where-is-the-best-place-to-take-out-a-personal-loan-for-both-debt-consolidation-and-some-personal-items/comment-page-1/#comment-2480 Monash Tue, 25 Jan 2011 22:56:06 +0000 http://refinancing-wizard.com/where-is-the-best-place-to-take-out-a-personal-loan-for-both-debt-consolidation-and-some-personal-items/#comment-2480 Bad credit personal loans are a type of loan product that is written just for those borrowers who have damaged credit. These borrowers are often not fully to blame for the situations in life that brought them to the place they are in now; but the lenders of these types of loans do not care why your credit is bad. They only work with bad credit borrowers and offer them a chance to rebuild their credit. http://theloansonline.blogspot.com/ Before applying for your bad credit personal loan, you should be aware that the loan will cost you a bit more than the same loan would cost a borrower with a good credit rating. This cost is to be expected and should be considered as an investment in improving your credit rating. Many borrowers are happy to learn that steady and dependable payments can help them to qualify for better terms on future loans, making the loan that they take out a stepping stone to bigger amounts and more reasonable rates of interest in the future. Bad credit personal loans are a type of loan product that is written just for those borrowers who have damaged credit. These borrowers are often not fully to blame for the situations in life that brought them to the place they are in now; but the lenders of these types of loans do not care why your credit is bad. They only work with bad credit borrowers and offer them a chance to rebuild their credit.

http://theloansonline.blogspot.com/

Before applying for your bad credit personal loan, you should be aware that the loan will cost you a bit more than the same loan would cost a borrower with a good credit rating. This cost is to be expected and should be considered as an investment in improving your credit rating. Many borrowers are happy to learn that steady and dependable payments can help them to qualify for better terms on future loans, making the loan that they take out a stepping stone to bigger amounts and more reasonable rates of interest in the future.

]]> Comment on Where is the best place to take out a personal loan for both debt consolidation and some personal items? by charles t http://refinancing-wizard.com/where-is-the-best-place-to-take-out-a-personal-loan-for-both-debt-consolidation-and-some-personal-items/comment-page-1/#comment-2479 charles t Tue, 25 Jan 2011 22:33:20 +0000 http://refinancing-wizard.com/where-is-the-best-place-to-take-out-a-personal-loan-for-both-debt-consolidation-and-some-personal-items/#comment-2479 Usually credit union banks have the lowest rates. Problem is that if you have outstanding loans you will be considered a risk. Why not try mini loans and pay off your highest rate debts, with a lower loan rate. After that is paid work down switch to the other highest rate loans. You will stand a better chance at small loans to reestablish your credit. This way your debts are paid from the highest first, and the money saved from the switch can be diverted to paying your loans off more quickly. Usually credit union banks have the lowest rates. Problem is that if you have outstanding loans you will be considered a risk. Why not try mini loans and pay off your highest rate debts, with a lower loan rate. After that is paid work down switch to the other highest rate loans. You will stand a better chance at small loans to reestablish your credit. This way your debts are paid from the highest first, and the money saved from the switch can be diverted to paying your loans off more quickly.

]]> Comment on Where is the best place to take out a personal loan for both debt consolidation and some personal items? by MadMan http://refinancing-wizard.com/where-is-the-best-place-to-take-out-a-personal-loan-for-both-debt-consolidation-and-some-personal-items/comment-page-1/#comment-2478 MadMan Tue, 25 Jan 2011 22:32:03 +0000 http://refinancing-wizard.com/where-is-the-best-place-to-take-out-a-personal-loan-for-both-debt-consolidation-and-some-personal-items/#comment-2478 Honestly, I do not think that you will be able to. I do not think a bank will lend you money to be used for consumption if you have bad debt, as you indicate that You might get a loan to pay off your debt but you should concentrate on paying off this debt, not running up more debt. Honestly, I do not think that you will be able to. I do not think a bank will lend you money to be used for consumption if you have bad debt, as you indicate that You might get a loan to pay off your debt but you should concentrate on paying off this debt, not running up more debt.

]]> Comment on Where is the best place to take out a personal loan for both debt consolidation and some personal items? by CatDad http://refinancing-wizard.com/where-is-the-best-place-to-take-out-a-personal-loan-for-both-debt-consolidation-and-some-personal-items/comment-page-1/#comment-2477 CatDad Tue, 25 Jan 2011 22:03:19 +0000 http://refinancing-wizard.com/where-is-the-best-place-to-take-out-a-personal-loan-for-both-debt-consolidation-and-some-personal-items/#comment-2477 Go through a local bank that you know and trust. Stay away from online firms. You need to have good credit to get this type of loan. Many people who get debt consolidation loans quickly find themselves in twice as much debt as when they started....because it's simply too tempting to start using all that newly available credit that was paid by the consolidation loan. Most people do not have the discipline to stop using credit....so if you get this type of loan, contact your credit card companies after the debt has been paid off by the loan and request voluntary credit limit reductions to under $500 to avoid the temptation of using all that newly available credit again. Go through a local bank that you know and trust. Stay away from online firms. You need to have good credit to get this type of loan. Many people who get debt consolidation loans quickly find themselves in twice as much debt as when they started….because it’s simply too tempting to start using all that newly available credit that was paid by the consolidation loan. Most people do not have the discipline to stop using credit….so if you get this type of loan, contact your credit card companies after the debt has been paid off by the loan and request voluntary credit limit reductions to under $500 to avoid the temptation of using all that newly available credit again.

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