Is Refinancing Your Car a Good or Bad Idea

Is refinancing your car a good or bad idea? Refinancing an auto loan doesn’t always save money. Here’s how to tell when it makes sense.  The average car loan in America is now anywhere between $400 – $500 according to an Experian report. Lenders have been stretching loan terms to record lengths to appease borrowers. […]

Student Loan Grace Period

Going to college can be an excellent experience, but paying your student loans after you’ve graduated is not quite as enjoyable. For college graduates who have a job lined up right out of school, starting to pay off your student loans right away makes sense. However, it takes some time for many graduates to find work. […]

auto refinancing requirements

Many people will get an auto loan to purchase a car and then not give it much thought after that, other than the monthly payment. However, it’s possible you could be saving money by refinancing your auto loan. Gary Guthridge, manager of the consumer lending portfolio for Navy Federal Credit Union, advises, “Don’t overlook your […]

auto refinance with bad credit and high mileage

If you have bad credit, you might feel like your options are limited when it comes to getting an auto loan or refinancing your current one. But depending on your credit and financial situation, you may still qualify for a loan with better terms than what you have now. Another roadblock for many is that […]

15-Year or a 30-Year Mortgage

Almost all home mortgages have a term of either 15 or 30 years. The term is the length of time you have to pay off the loan through a pre-set schedule of monthly payments. As the name suggests, the 15-year loan allows 15 years. The 30-year loan allows 30 years. So, which is better: a 15-year mortgage […]

15-Year Fixed Mortgage: Pros and Cons

15-Year Fixed Mortgage: Pros and Cons 

A 15-year fixed mortgage can be an attractive choice for home buyers and homeowners who want to refinance their current home loan. However, it’s not always a smart or even viable option. Here are the pros and cons you should consider before applying for a mortgage refinance. 15-Year mortgage: pros and cons On the pro side, […]

should you switch to a 15-year mortgage

The decision to refinance your mortgage can be challenging, especially when you’re trying to accomplish two different objectives at the same time. Rather than evaluate your term and rate together, let’s break it down and look at these objectives separately to understand whether they make sense for your financial situation. Should I switch from a […]