Posted by Elizabeth Dennis on January 5, 2010 | No Comments
An eye-opening look at consolidating your debt through a mortgage refinance. Learn that although the idea of consolidating your debt into a low interest mortgage loan is tempting, Â it can be a bad idea.
See how with closing costs your savings may not be as much as you forcasted. View how you are putting your home at risk if your bad spending habits continue. Learn that a home equity loan and a personal loan might be an alternative source of funds to consolidate your debts.
From the resource about the risk of using a home loan to pay off debt: “The main reason experts advise against tapping your mortgage to pay off credit card debt is that you’re exchanging unsecured debt for secured debt.”
Source: MortgageLoan
Learn more about mortgage debt consolidation at Newbuyer.com.
Posted by Elizabeth Dennis on January 5, 2010 | No Comments
An insightful look at three sources of funding if you are considering mortgage debt consolidation. Learn how FHA mortgage refinancing, traditional debt consolidation, alternative debt consolidation, and Chapter 13 bankruptcy can help.
A warning from the resource: “You will find consolidating your mortgage will negatively affect your credit report and potentially prevent you from achieving new loans in the near future.”
Source: FinancialWeb
Learn more about mortgage debt consolidation at Newbuyer.com.
Posted by NewBuyer on January 5, 2010 | No Comments
A quick-read presenting six hidden costs of owning a home. In addition to a mortgage payment, first time homebuyers should prepare for property taxes, homeowners insurance property maintance, utilities, ancillary expenses and homeowner fees.
An example from the resource about the increased cost of utilities: “Of course, renters generally also pay their own heating and electricity bills. But in buildings with common walls such as townhouses and condominiums, heating costs tend to be much cheaper than in a single-family home of the same square footage.
Source: RateMarketplace
Read More About Home Buying at Newbuyer.com
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