Comments on: Is Now the Time to Refinance? http://www.everyjoe.com/articles/is-now-the-time-to-refinance/ Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Tue, 08 Dec 2009 03:55:48 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Refinancing: Foreclosure Prevention Plan : Bizzia http://www.everyjoe.com/articles/is-now-the-time-to-refinance/comment-page-1/#comment-315754 Refinancing: Foreclosure Prevention Plan : Bizzia Sat, 07 Mar 2009 01:05:17 +0000 http://www.yieldingwealth.com/?p=809#comment-315754 [...] I could qualify to refinance my home. I have less than 20% equity (we’ve only been in the house for a year and a half), I have good credit, I didn’t take on more than I could handle and I’ve been paying consistently. Indeed, the President’s plan may reward me for being somewhat responsible. I could save thousands of dollars by refinancing to a lower rate — and maybe save more by going to a 15 year loan. [...] [...] I could qualify to refinance my home. I have less than 20% equity (we’ve only been in the house for a year and a half), I have good credit, I didn’t take on more than I could handle and I’ve been paying consistently. Indeed, the President’s plan may reward me for being somewhat responsible. I could save thousands of dollars by refinancing to a lower rate — and maybe save more by going to a 15 year loan. [...]

]]> By: The Carnival of Personal Finance Is Up! : Yielding Wealth http://www.everyjoe.com/articles/is-now-the-time-to-refinance/comment-page-1/#comment-314741 The Carnival of Personal Finance Is Up! : Yielding Wealth Tue, 03 Mar 2009 00:33:28 +0000 http://www.yieldingwealth.com/?p=809#comment-314741 [...] of course, I’m glad that my musings on refinancing were included in this week’s [...] [...] of course, I’m glad that my musings on refinancing were included in this week’s [...]

]]> By: Miranda Marquit http://www.everyjoe.com/articles/is-now-the-time-to-refinance/comment-page-1/#comment-314728 Miranda Marquit Mon, 02 Mar 2009 19:32:40 +0000 http://www.yieldingwealth.com/?p=809#comment-314728 That's what I've been thinking. There will be few opportunities like this to cash in on low interest rates. For those who are ready, this recession is actually providing a number of opportunities. That’s what I’ve been thinking. There will be few opportunities like this to cash in on low interest rates. For those who are ready, this recession is actually providing a number of opportunities.

]]> By: Jim http://www.everyjoe.com/articles/is-now-the-time-to-refinance/comment-page-1/#comment-314725 Jim Mon, 02 Mar 2009 17:47:05 +0000 http://www.yieldingwealth.com/?p=809#comment-314725 Now is the best time in the past 50 years to buy a house. It doesn't mean they won't get cheaper, but this is a great time to buy as long as your personal finances are sound and you can afford the payments. As far as refinancing goes, if you can get an interest rate under 5%, take it. If the economy improves at all and once these deficits really kick in, rates are going much higher. Maybe not James Earl Carter high, but significantly higher than they are today. Now is the best time in the past 50 years to buy a house. It doesn’t mean they won’t get cheaper, but this is a great time to buy as long as your personal finances are sound and you can afford the payments.

As far as refinancing goes, if you can get an interest rate under 5%, take it. If the economy improves at all and once these deficits really kick in, rates are going much higher. Maybe not James Earl Carter high, but significantly higher than they are today.

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