Savings Corner

APRIL 4, 2024

Key takeaways Refinancing replaces your current mortgage with a new one, adjusting the rate, term or both. With refinancing, you can change the loan type as well as your lender. Here’s how refinancing a mortgage works, the common options available to you and pros and cons to consider. What is refinancing?

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Savings Corner

APRIL 4, 2024

Images by Getty Images; Illustration by Hunter Newton/Bankrate Although interest rates aren’t as favorable as they were in recent years, refinancing might make sense for homeowners who want to pull out cash to renovate their homes. Steer clear of any lenders that push refinancing even if it isn’t financially advantageous for you.

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Savings Corner

DECEMBER 27, 2023

Simplify your payments Many lenders offer rate discounts between 0.25 Watch for refinancing opportunities If you’ve set up automatic payments and are sure you’ve gotten the lowest rate on a personal loan, it’s possible you’ll still find a diamond-in-the-rough refinance opportunity.

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Savings Corner

DECEMBER 27, 2023

Refinance if you have good credit and a steady job Refinancing replaces multiple student loans with a single private loan, ideally at a lower interest rate. For example, refinancing a $50,000 student loan with an 8.5% Would refinancing save you money? But it will help you pay the debt faster and save money on interest.

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Prairie Eco-Thrifter

OCTOBER 15, 2011

Yeah, There’s a Calculator for That Refinancing your mortgage to a lower rate and paying the same amount is an interesting sound-byte from Personal Finance Bloggers – but has anyone really run the numbers? You will learn exactly what settings, plugins, and themes he uses. Novel Investor: Do You Know Who Your Beneficiary Is?

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Savings Corner

APRIL 4, 2024

Credit card refinancing loans: Some companies specialize in loans for people looking to pay off credit card debt. If you’ve been a longtime account holder with your bank or credit union, see if it’s willing to give you a better rate or offer you any perks or discounts. Some lenders even offer interest rate discounts if you use autopay.

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