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refinance

refinance, mortgage	8 Apr 2008 12:00 AM
Refinance to reduce mortgage stress by Michelle Kour	Comment (0)

A record number of Australians will suffer mortgage stress and will face difficulty in paying their mortgages this year with a percentage of those risking repossession of their homes. A refinance of your loan may be an option that will assist in relieving this stress. As a matter of course you should review your home loan terms and conditions each year to check that they are the most suitable for

refinance, mortgage	8 Apr 2008 12:00 AM
Common reasons why people refinance by Michelle Kour	Comment (0)

People refinance by moving to another loan but on new terms. Mortgage refinancing is something which can also enable a borrower to borrow more money to consolidate debts or for other purposes taken that they can afford to meet the repayments on the larger loan amount.

Here are some of the common reasons why people refinance:

1. To save money

2. To refinance to a lower monthly repayment – this is

refinance, mortgage	8 Apr 2008 12:00 AM
What is a refinance and what do I need to consider when thinking of a refinance? by Michelle Kour	Comment (0)

A refinance is the process whereby you repay your existing home loan by taking out a new loan. When they refinance borrowers take out a new loan to completely pay out early and thus replace their existing/previous loan.

With home loans being the most significant financial commitment of a lifetime for a lot of people, and with home loans rates being on the move, a lot of borrowers start

refinance, mortgage	8 Apr 2008 12:00 AM
SHOULD YOU REFINANCE YOUR LOAN? by Michelle Kour	Comment (0)

As the global credit crisis continues to play havoc with interest rates in Australia many borrowers are scurrying for relief by seeking to refinance their home and investment loans.

However this refinance strategy does not always achieve its objective and borrowers can often be left in a worse position than that which was the status quo.

It is important that proper research be conducted before a

refinance, mortgage	8 Apr 2008 12:00 AM
Refinance – I took the plunge! by Michelle Kour	Comment (0)

Recently, I embarked on a household budget plan. I began in the usual manner such as accounting for daily, weekly, monthly and to a lesser extent annual expenses and how I could save a ‘buck’ or two or even just trim costs by changing my payment methods. What amazed me the most about my strategic plan was that once I had listed what I thought were my main expense items, I had overlooked the most

refinance, mortgage	8 Apr 2008 12:00 AM
When would I refinance my Mortgage? by Michelle Kour	Comment (1)

Whenever it makes financial sense to do so.

Mortgage Refinancing? In the past, most people who took out a Mortgage continued with it until they had paid it off. These days, people refinance their Mortgage much more frequently. The average duration of a Home Loan in Australia now is just 4-5 years. Here we look at some of the reasons people in Australia refinance their Home Loan.

Mortgage

refinance, mortgage	8 Apr 2008 12:00 AM
Refinance – not always the right decision by Michelle Kour	Comment (0)

Many borrowers in Australia are experiencing mortgage stress for the first time because of the increase in interest rates over the last 2 years. When rates are increasing borrowers often consider a refinance of their existing mortgage because they see lower rates advertised in the newspapers and on TV. The fact is that all lenders obtain funds form much the same sources and certainly the majority

refinance, mortgage rates, mortgage calculator, mortgage, loan calculator	12 Feb 2008 12:00 AM
What to do if you are experiencing difficulty meeting your mortgage repayments by Rocco Reitano	Comment (0)

Hundreds of thousands of Australians are bracing for more mortgage pain following the Reserve Bank’s decision to lift official interest rates by another .25% p.a. in February. Commonwealth Bank borrowers will experience the additional pain of a further .05% increase as the bank has alerted the market that it will be increasing its rates on standard loans by .30 as opposed to simply passing on the

refinance, mortgage rates, mortgage	12 Feb 2008 12:00 AM
Should I Refinance My Mortgage? by Kim Jennings	Comment (0)

Refinancing your mortgage can be a very daunting experience. Am I doing the right thing? Will I recoup the costs involved in the refinance? Am I better off with a lower rate or lower fees? Will the financial institution I refinance with be accommodating and provide ongoing support? These are all questions you need to ask when thinking about a refinance.

The most common reason to refinance a home

refinance, mortgage rates, mortgage	11 Feb 2008 12:00 AM
Refinance by Mark Bonaventura	Comment (0)

To refinance or not to refinance – that is the question. In the current upward interest rate cycle it is natural that home loan borrowers may seek relief from the cash flow pressures caused by increased mortgage repayments. Whether or not relief can be obtained by refinancing their loan with a different lender needs to be carefully analysed and evaluated as any benefits gained can be swiftly

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