Mortgage & Household Debt

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What Is a Reverse Mortgage?

Is it even daytime TV if you don’t catch an ad or two featuring charming, silver foxes like Tom Selleck, Henry “the Fonz” Winkler, or Joe Namath telling you about the benefits of a reverse mortgage? The spokesperson may change, but the message rarely does: “You’ve worked hard to pay down or even pay off...

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Should You Refinance Your Mortgage To Pay Off Debt?

By the middle of 2021, total U.S. household debt was more than $14 trillion, according to the Federal Reserve Bank of New York. Credit card debt accounted for $0.79 trillion of that total.  While Americans have paid down their credit card balances by $140 billion between the end of 2019 and the first quarter of...

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Should I Refinance My Mortgage and When?

Mortgage payments are the most significant expense for most people, with the typical U.S. homeowner paying $1,944 per month toward their mortgage. In certain cases, refinancing can help save you money or reduce the size of your monthly mortgage payments. Some homeowners who refinance do so because interest rates are lower and they want to...

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3 Tips To Get The Best Refinance Rates

After you’ve lived in your home for a few years, it’s normal to start thinking about what’s next for you and your money. Do you want to try your hand at DIY home improvements? Is it finally time to go back to school or maybe pay off student loans? They’re all great ideas — but...

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2 Mortgage Refinance Options For Those Without Income

Are you experiencing a sudden financial hardship such as a loss of employment? Discover how refinancing can help reduce your monthly mortgage payment.

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4 Reasons Not To Pay Off Your Mortgage Early

Learn why paying extra on your monthly mortgage payments and reducing your principal early may not be a good idea.

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Refinance Your Mortgage To Lower Monthly Expenses

Learn how to lower your monthly mortgage payments and the interest rate on your home loan by refinancing.

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Refinancing Your Mortgage To Pay Off Debts

With growing consumer debts, should consumers refinance their mortgage to pay off debts? Discover some of the pros and cons.

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