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Mortgage Refinancing, Home and Mortgage Center, refinancing your home.#Refinancing #your #home


STAY IN YOUR HOME.

CHANGE YOUR RATES.

POPULAR REFINANCING OPTIONS

Your rate, payment, and costs, could be higher. Get an official Loan Estimate before choosing a loan. The following rates are based on a credit score above 740. Payment examples for fixed rate loans on this page include estimated amounts for escrow items, such as property taxes and insurance. Click on the Learn More button for more details.

5/5 ARM

Adjustable Rate Mortgage

*Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of , for new applications only, for a limited time, and subject to change without notice. Example based on $ loan. Other restrictions apply. Rate is variable and can increase by no more than 6 percentage points every 15 years (8.750% for this example). Since the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

30-YEAR

Your rate, payment, and costs, could be higher. Get an official Loan Estimate before choosing a loan. The following rates are based on a credit score above 740. Payment examples for fixed rate loans on this page include estimated amounts for escrow items, such as property taxes and insurance. Click on the Learn More button for more details.

Estimate your costs

REFINANCE PAYMENT CALCULATOR

Once you know how much you can afford to spend on a home, you can use this tool to see how different loan types can change your monthly payment. Different loans offer different features, such as a lower monthly payment or a faster payoff time. See how a typical mortgage payment breaks down, and get the loan that fits your needs best.

The application of additional loan level pricing adjustments will be determined by various loan attributes such as Loan-To-Value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing.


Mortgage Refinancing, Home and Mortgage Center, refinancing your home.#Refinancing #your #home


STAY IN YOUR HOME.

CHANGE YOUR RATES.

POPULAR REFINANCING OPTIONS

Your rate, payment, and costs, could be higher. Get an official Loan Estimate before choosing a loan. The following rates are based on a credit score above 740. Payment examples for fixed rate loans on this page include estimated amounts for escrow items, such as property taxes and insurance. Click on the Learn More button for more details.

5/5 ARM

Adjustable Rate Mortgage

*Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of , for new applications only, for a limited time, and subject to change without notice. Example based on $ loan. Other restrictions apply. Rate is variable and can increase by no more than 6 percentage points every 15 years (8.750% for this example). Since the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

30-YEAR

Your rate, payment, and costs, could be higher. Get an official Loan Estimate before choosing a loan. The following rates are based on a credit score above 740. Payment examples for fixed rate loans on this page include estimated amounts for escrow items, such as property taxes and insurance. Click on the Learn More button for more details.

Estimate your costs

REFINANCE PAYMENT CALCULATOR

Once you know how much you can afford to spend on a home, you can use this tool to see how different loan types can change your monthly payment. Different loans offer different features, such as a lower monthly payment or a faster payoff time. See how a typical mortgage payment breaks down, and get the loan that fits your needs best.

The application of additional loan level pricing adjustments will be determined by various loan attributes such as Loan-To-Value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing.


The Student Loan Report – Private Student Loans, Student Loan Refinancing, Industry News, refinancing student loans.#Refinancing #student #loans


National News

Refinancing student loans

Sen. Warren Doesn t Like Navient Acquisition of Earnest

Senator Warren (center) with a couple of colleagues at a campaign rally in.

Betsy DeVos Breaks Headlines, Suggesting Student Loan Subsidization Paid for ACA

New Tax Bill Spells Bad News for Student Loan Interest Tax Deduction

CFPB Releases New Report with Student Loan Borrower Complaints from Past Year

Regional News

Refinancing student loans

University of Michigan Introduces Free Tuition Policy, Yet Still Struggles with Elitist Label

Pictured above is a building at the University of Michigan, Ann Arbor.“An uncommon education for.

Illinois Senate to Vote on Overriding Governor Veto of Student Loan Bill of Rights

K-12 Bentley School Offers Student Loan Repayment Benefit to Faculty

Washington D.C. Council Proposes New Student Loan Forgiveness Legislation

International News

Refinancing student loans

BBC Investigation Uncovers Shady Student Loan Fraud at UK University

A BBC Panorama reporter presented a 10-month-long investigation on student loan fraud involving.

UK Government Looks to Sell Student Loans Once Again

UK Government Reviewing Student Loan System, Impacting Student Borrowers

UK Graduates Overpaid Their Collective Student Debt by £50 Million in 2016

Industry News

Refinancing student loans

ReliaMax Insures and Services Another $73 million in Private Student Loans from MetaBank

The student loan industry has seen another major deal. ReliaMax, a large private student loan.

SoFi Closes the Biggest Loan Securitization Yet

SoFi Reportedly Discussed Acquisition by Charles Schwab, No Deal

Nelnet Announces Acquisition of Rival Student Loan Servicer

About The Student Loan Report

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The Student Loan Report, LLC was started by Drew Cloud in 2016 to provide unbiased coverage on the latest student loan news and information.

The Student Loan Report also creates resources and guides for borrowers and their families so they make the best decisions when it comes to paying for college and repaying student debt.

If you ever have any questions or need advice, feel free to reach out to us we are happy to help!


Car Refinance, Auto Loan Refinancing, OpenRoad Lending, refinancing car loan.#Refinancing #car #loan


Love Your Car, but Not the Payment?

  • OpenRoad Lending has a 98% customer satisfaction rating
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  2. 2. Get an answer back from us in as fast as one hour.
  3. 3. Save hundreds, even thousands, on your auto loan!

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Refinancing is Easy and Well Worth the Effort

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Lower Rates and Amazing Savings!

Choosing the right Auto Finance Company is now easier than ever. For years, OpenRoad Lending has helped tens of thousands of customers save over $100/month† on average by refinancing their auto loan.

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Refinancing Your Auto Loan With OpenRoad is Easy,

and You Could Save Hundreds, Even Thousands!

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Why OpenRoad Lending?

  • Trusted Across the Nation OpenRoad is a trusted member of the American Financial Services Association, A+ accredited by the BBB, an Inc. 500 fastest growing business and a Dallas Business Journal Best Places To Work Company
  • Low Rates and Amazing Savings OpenRoad has refinanced tens of thousands of auto loans and to our customer’s delight saved an average of more than $100 a month. That’s over $1200 a year
  • Happy Customers Financing solutions for all credit types. For years OpenRoad has set itself apart by providing World Class Customer Service and we are proud to have a 98% customer satisfaction rating.
  • Quick, Easy and Secure Apply online or over the phone from the comfort and privacy of your own home with no cost or obligation. Quick loan decisions, flexible financing options and cutting edge technology for a great experience!

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Vehicle Refinancing – A Simple Process Leading to Great Savings

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Car Refinance Loans – Is a Refinance Right for Me?

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Manufactured Home and Mobile Home Refinancing, Loan, refinancing your home.#Refinancing #your #home


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Refinancing your home

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Is There Any Benefit to Refinancing My Car? #simple #loan #calculator


#refinancing car loan
#

Is There Any Benefit to Refinancing My Car?

Many people wonder whether or not it is beneficial to refinance my car loan. The simple answer is yes. Refinancing can save you hundreds, maybe even thousands over the life of your auto loan. The point of refinancing is so that you can get a better interest rate on your loan.

Lowering your interest rate by even one single percentage point can result in huge savings. Remember, car loans are normally more than three to six years in term length and all those months of interest add up. Here is the process you should follow to go about refinancing your car.

Meet With Your Current Lender

You should first get all of your necessary paperwork together. This includes your insurance, title papers, and any information regarding the car.

Next, you should meet with your current lender to talk about your loan. Don t start discussing better rates with them instead, talk about the amount you need to pay off your loan completely. It probably won t be the same as the total amount you owe. It can be less for paying it off early however there may be prepayment penalties.

Credit Score

Getting a better refinance rate is all about your credit score. Chances are, if you are paying a higher interest rate than the current market, it was because your credit score was less than stellar initially. You should check your credit score using sites such as Experian or TransUnion. You can have one free check per year that will not deduct points from your score. If your credit score is better than it was when you signed the loan, refinancing will definitely get you a better rate.

When you start the refinancing, it adds and subtracts what is called a trade line from your credit. Whenever a loan is refinanced, there is one lender that is being paid off in full and then another one comes into the picture with a new hold on the car. This change is noted on your credit, but it has no negative impact. All credit lines on your credit report will be updated on a monthly basis. This gives the rating agencies an idea on how you might be taking care of your debt load.

Benefits of Refinancing

Another reason you may want to refinance your car is raise yourself above other forms of credit. Once you have equity in your car, you can structure a new loan so the finance company will give you a check to use to pay off credit cards or make an extra payment or two on your house. Since interest rates on credit cards are so much higher than on car loans, it is very advantageous eliminate credit card debt as quickly as possible.

Sometimes lenders offer other types of incentives for opening a new loan with them. This can be an offer to make a payment for you or allowing you to skip a payment, without falling behind in your payments. This can be very helpful when you have a need to make repairs to your house or another car. You could even apply the money you save to the loan and have one less month to make payments or use the money towards a vacation or back to school needs.

Possible Problems with Refinancing

If the new company fails to pay off the entire amount of the old loan then your credit is at risk. Though widely uncommon, if you are not aware of this and the old loan is neglected, it will go into default and your credit will suffer accordingly.

Of course, the biggest effect on your credit is if you fail to pay the new loan and default on it. This will always have an adverse effect on your credit and immediately lower your credit score with rating agencies.

Research Quotes

Next, you should shop around for various vendors to find any better rates. You can use an auto loan refinance calculator to also help you figure out what your new loans would be fairly quickly. Other quotes will break it down for you and can usually be done online and within an hour. These quotes are sometimes inaccurate, so it helps to talk to a lender or even have an appointment with one. You will then need to transfer the title to the new lender and pay the small transfer fee.

In summary, refinancing your car loan is a great idea. Refinancing allows you to trade in your current loan for a new loan with another lender, but with a lower interest rate. This can save you lots of money over the life of the loan.


HARP Refinancing #mobile #home #loans


#hfc loans
#

Now May Be The Time For A More Affordable Mortgage Loan

What is HARP?

In April of 2009, the Home Affordable Refinance Program (HARP) was launched by the federal government with the purpose of assisting low-equity homeowners to take advantage of more favorable mortgage rates.

HARP Eligibility*

The redesigned HARP guidelines are as follows:

  • There is no maximum loan-to-value (LTV). You may qualify even if you owe more than the value of your home.
  • Applicant must be current on existing mortgage at the time of refinance with good payment history in the last 12 months.
  • Available for primary residence, second homes and investment properties.
  • No minimum credit score requirements.
  • Mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009. Note: your loan may have been sold even if your servicer has remained the same.
  • Program available through December 31, 2015.

Ready to apply and find out if you qualify?

Don’t qualify for HARP?

Beneficial Bank may still be able to help you refinance your mortgage. Click here for more information about Beneficial mortgages.

*Other requirements will apply. Some may not qualify if you owe more than the value of your home. Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP. You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites: www.freddiemac.com/mymortgage or http://www.fanniemae.com/loanlookup/. For additional details on the HARP program, you can visit the government website.

**Please note: The use of non-secure e-mail is intended for general questions, inquiries and comments only. Confidential Customer information cannot be accepted electronically.


VA Home Loans, VA Mortgage Refinancing for Veterans #long #term #loans


#home loan rate
#

Real Client Testimonials

Throughout our lifetimes we have had to do business with several different mortgage providers. Each time was a nightmare to say the least- even at our own bank! No one was ever straight forward with us on the paperwork they still needed or what to expect and when to expect it. Due to all of the issues we’ve had in the past we were a bit skeptical of even trying to move forward with our VA Cash-Out Refi with any company. Things with other companies had been so stressful, we almost tossed out the whole idea. But, before we “threw the baby out with the bathwater” we found First Mariner and talked to Dennis.

He is honest, respectful, and REALLY knows what he is doing. Dennis has true integrity, which is so hard to find these days. Most importantly he always laid out the correct expectations for us and for the bank. Everything went EXACTLY as he said it would without a hitch. It went so well (compared to our other experiences), to be honest we feel a bit dumbfounded! In a good way of course. This is the way handling a transaction should work. You can’t change the past, but boy do we wish we could have used Dennis for all our other previous transactions. Moving forward we will never go anywhere else other than Dennis/First Mariner- and we’ll be referring anyone who needs a mortgage his way as well.

Thanks again for the great experience and helping us reach our goals!

BECKEY AND JEROMY, SEPTEMBER 2015

I have closed two loans with Joe. One was a refinancing and the most recent one was a home purchase. With both loans, Joe was great to work with. He was always available to answer questions and on my most recent loan, he gave me great advice on how to best structure the loan in order to give me the most benefit. I have given his name to several of my friends, and I know at least two that have used him or are using him. They have thanked me many times for recommending Joe because of how knowledgeable Joe is and how stress-free he makes the process of getting a loan to closing.

I will definitely keep recommending him to anyone I know who is refinancing or buying a home. He’s the best!

JACOB J. JUNE 2015

I am writing today to express how pleased my husband and I were to work with 1st Mariner Bank in refinancing our income property. Specifically Jon Zemarel and Mary Beth Norwood. They were friendly, professional, and got us through the whole process in less than a month. They were both patient with our questions and quick to respond to e-mails and phone calls. I wish I could say that all of my dealings with mortgage handlers were as pleasant as it was with these two!

Thank you, Jon and Mary Beth for taking such good care of us.

WHITNEY W. APRIL 2015

We just wanted to say thanks to you [Mary Beth Norwood] and the team at 1st Mariner for making our VA IRRRL go so smoothly. We had a difficult experience with another lender that left us a bit hesitant to pursue the refinance any further, but you quickly put us at ease. With a turn around of less than two weeks, we didn’t even have time to worry!

So, again, thank you so much for showing us that there is someone out there willing to put the Veteran first in this process. You and 1st Mariner have helped us to have an easy, positive experience that will save us money and give us peace of mind as homeowners.

It’s truly been a pleasure working with you.

STEVE & JENNIFER A. APRIL 2015

I am writing you to inform that Dennis did a great job with my loan. He was absolutely a pleasure to work with. I have worked with multiple loan officers and Dennis is by far the best I have ever worked with. He was very responsive and took care of all aspects of getting the loan closed. He understood what was needed and told me the first time, so I was not submitting the same information multiple times. He actually cared about customer service. I will do as many loans as I can through your bank because of Dennis.

WILL H. MARCH 2015

I recently refinanced a rental property for a lower mortgage rate. I had checked out several banks both online and through my financial institution. I filled out several inquiries and usually got bombarded with phone calls from overly aggressive loan officers, even though I specifically asked to be contacted via email. I received an email from Joe Scopel (1st Mariner Bank). He was very polite and courteous. Not pushy and aggressive. He asked what I would be interested in and we communicated via email. He happily informed me that I qualified for the interest rate reduction by almost 1%. After reading some of the reviews of 1st Mariner online, I was skeptical about going through with the process. Joe assured me that he had never experienced an upset customer and guaranteed that he would stand by me throughout the entire process.

I decided to go ahead with 1st Mariner. Joe was a tremendous help. He never missed an opportunity to contact me and make sure everything was going smoothly. It took me all of about 30 minutes (total) once the loan was approved. Joe arranged for a local notary to come to my house and sign the paperwork. He gave me all the necessary timelines and let me know every step of the process.

After the process was complete, Joe made sure I had all the necessary information to make my first payment. He still checks in about once a week just to make sure everything is good. As a representative of 1st Mariner Bank, Joe Scopel truly embodies the personal loan officer that everyone wishes for. He went above and beyond to make sure everything was done right. Additionally, he had NO aggressive behavior and took the time to fully explain every detail.

I appreciate 1st Mariner Bank and would HIGHLY recommend them for anyone doing a VA-refi!

WILLIAM Z. MARCH 2015

Working with Joe on my recent mortgage refinance was a walk in the park. He made it stress-free and simple to understand. Joe helped me make a sound financial decision, and took the time to explain all options regarding interest rates and how each [rate] would effect the short and long term payments of my new loan. [I] waited a year looking at different banks and their options and Joe was the only one that did not try to sell me something. He listened and came up with a plan that fit my needs and budget. Thanks again, Joe, it was a pleasure doing business with you and 1st Mariner Bank.

BOYCE F. DECEMBER 2014

I had expected tons of paperwork and weeks, if not months, of delays and back-and-forth clarifications to get a VA refinance for my Virginia condo. But after an initial clear and frank discussion, Dennis did all of the upfront work and made the process basically painless for me.

I still can’t believe how quickly and smoothly the process went — from the assembled papers ready for my review and signature, to the agent’s visit to my home to finalize the refinance. All friendly, but professional, clear and reality based. I’m pleased as punch, and give this transaction a ten out of ten.

DARIAN D. DECEMBER 2014

It was a pleasure working with Dennis from the beginning to the end of the loan refinancing. [. ] When I first called him and discussed that wanted to refinance, he did not try to talk me into doing it or use any high-pressure tactics to convince me. He carefully and meticulously spelled out all the pros and cons of refinancing a house that was “under water” and then gave me a few days to think about it and talk it over with my wife.

In retrospect, every single thing Dennis told me would happen – happened! There were several hoops we had to jump through to get everything done. It didn’t make it any easier that I am in Afghanistan with a 10.5 hour difference. [. ] My wife and I feel really relieved that we were finally able to take advantage of the low interest rates offered now and thanks to Dennis, our out of pocket expenses were much less than we originally thought we’d have to pay. I will definitely recommend Dennis to any of my friends or colleagues who are looking to refinance or purchase a home.

STEVE L. FEBRUARY 2015

[. ] My husband and I recently refinanced using your services. We worked with Dennis Waskiewicz who did an excellent job. From the moment I called he was professional and friendly and answered all of my questions. He explained everything clearly, making the process easier to understand by talking me through each step. Communication with Dennis was so convenient, he was always available by phone and email. Our refinance was done quickly and was a painless process. Thank you very much for everything! We are very happy with our new mortgage!

LINDSAY S. DECEMBER 2014


Tips On Refinancing a Mobile Home Loan #3 #month #loans


#manufactured home loans
#

Refinancing mobile home loan at lower rate

Buying a mobile home, also known as a manufactured home, can be one of the most affordable ways to own.

One decision can make a significant difference in monthly payments: whether to finance the mobile home with a personal property loan or a mortgage.

Personal property loans, known as chattel loans, have much higher interest rates than mortgages. To some owners of manufactured homes, refinancing chattel loans into mortgages could reduce monthly housing expenses.

Refinancing a mobile home

To qualify for refinancing as a mortgage:

  • The home must be on a permanent foundation that meets standards set by the Department of Housing and Urban Development.
  • The manufactured home must be titled as real estate rather than as personal property.
  • The homeowner has to own the land that the manufactured home is on. An important exception to this rule is explained below.

Big difference in interest rates

In 2012, about 68 percent of all manufactured-housing purchase loans were considered higher-priced mortgage loans, and many of them were chattel loans, according to the Consumer Financial Protection Bureau.

More On Refinancing:

“refinance”

Interest rates on chattel loans range from 7 percent to 12.75 percent, says Ken Rishel, founder of Rishel Consulting Group in Chicago. The loans are usually for 15 or 20 years.

In contrast, the average rate for a 30-year fixed-rate loan has been well below 5 percent for all of 2014.

Rishel, whose company makes chattel loans of at least $5,000, says the interest rates are risk-based, and chattel loans are often the only choice for borrowers with poor credit. Chattel loans are the main option for owners whose mobile homes are not permanent foundations.

Converting to a new title

Some states have eased the process of converting a personal property title into a real estate title, making refinancing possible, says Marc J. Lifset, an attorney with McGlinchey Stafford in Albany, New York.

Lifset helped financial institutions lobby for the approval of that legislation in Alaska, Illinois, Iowa, Louisiana, Maryland, Missouri, Nebraska, North Dakota, Tennessee and Virginia.

“The legislation provides a clear definition of when the home is real estate and when it is not,” he says. “It makes the process more certain. In many states, the definition was murky.”

Getting a real estate title

A real estate attorney or title company can help with a title conversion as a first step to refinance. Owners of manufactured homes need to provide:

  • A certificate of title to the home or a copy of the manufactured certificate of origin.
  • The deed to the land where the home with the permanent foundation is located.

Once the owner has the real estate title in hand, the next step is to find lenders that provide mortgages on manufactured homes. The rest of the process is similar to closing a mortgage on any residential property.

Borrowing on leased land

Under some circumstances, owners of manufactured homes leasing a lot at a mobile home community can get mortgages — even if they don’t own the land beneath their feet.

The Federal Housing Administration offers a program known as Title I, designed for owners whose mobile homes are on a permanent foundation but are within a manufactured housing community.

Among the requirements for a Title 1 mortgage:

  • The mobile home must be the borrower’s primary residence.
  • The home has to be on a rental site in a manufactured home park that conforms to FHA guidelines.
  • The lease agreement must meet FHA standards.

It’s not easy to find mobile home communities that meet the FHA’s strict guidelines, says Rishel, whose company makes chattel loans in land-lease communities. “Not many landlords participate on the Title I program.”

Few lenders offer Title I mortgages. One is 21st Mortgage, which is owned by Clayton Homes, one of the nation’s largest manufacturers of mobile homes.

Costs of switching title

When a mobile home is titled as personal property, the owner pays personal property taxes. When it’s titled as real estate, the owner pays real estate taxes. In many states, property taxes tend to be higher.

“The consumer has to do the math on how much they are going to save by lower interest rates, compared to how much more taxes they may be paying and what the closing costs are going to be” in a refinancing, Lifset says.

Another potential downside: If the owner has to build a permanent foundation to refinance a chattel loan, that expense has to be taken into account. Building a new foundation could cost $10,000 to $15,000, Rishel says.

“Refinancing is a valuable thing but for a limited number of people who live in manufactured homes,” he says.


Refinancing Your Car Loan #online #payday #loan #lenders


#refinance car loan
#

Refinancing Your Car Loan

After driving your car for a few months, you might start to feel uncomfortable with your original loan. Maybe you got your loan from the dealer, and now you’re finding yourself paying steeper-than-average monthly rates. Or maybe interest rates have dropped, or your credit has improved, meaning that you’ll be able to secure a loan with better terms.

If any of the above is true, it’s a good time to start thinking about refinancing your car. First things first, check to see if the car is worth more than the amount you owe. Do this by checking the value of your car in the Kelley Blue Book and comparing it to how much is owed on your loan. If your car is worth less than what you owe, you are said to be upside down. Basically, being upside down means that your car is depreciating faster than you’re paying it off. Should that be the case, your best bet is to hang on to the car and try to pay off the loan as quickly as possible.

If, however, your loan is still right side up, you might consider refinancing. Start by shopping around for a better loan. If you obtained your loan with an auto dealer, you’ll likely want to consider refinancing with a bank or credit union. Car makers make lucrative amounts of money off their financing schemes. Ford, for instance, generates more than 80 percent of its revenue from vehicle financing [source: Bradford ].

If you already have debts tied up with a bank, the bank might be able to offer you the best refinancing rate. Credit unions, on the other hand, are non-profit and member-owned, which means you’ll typically end up paying less than at a bank. Although credit unions are only responsible for roughly a fifth of all U.S. car loans, a credit union can typically offer rates up to 1.5 percent lower than banks [source: Credit Union Direct Lending. Dratch ].

It’s not always necessary to finance your auto with a tailor-made auto loan. You could decide to refinance with a home-equity loan. You’d get a lower interest rate, and the interest might be tax deductible. However, a home equity loan can also subject you to higher fees and increased risks: If you default on your car payments, you might be forced to sell your home.

When searching for refinancing, be careful not to shop around too much. If you inquire at more than three financial institutions, it could end up diminishing your credit score.

Read on to figure out how to conveniently bundle your car loan with other debts, and save on your interest payments at the same time.

No Need to Extend

Refinancing can get you a new rate, but it shouldn’t give you a new term. When shopping around, most lenders shouldn’t have a problem in granting you refinancing that matches the term of your original loan.