Other posts in the Refinancing Category

When (And When Not) To Refinance Your Mortgage

June 3rd, 2015

Refinancing a mortgage means paying off an existing loan and replacing it with a new one. There are many common reasons why homeowners refinance: The opportunity to obtain a lower interest rate; the chance to shorten the term of their mortgage; the desire to convert from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage, or

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WWFCU DRASTICALLY CUTS LOAN RATES BY ALMOST 50%!

December 28th, 2011

(Westland, Michigan) Wayne Westland Federal Credit Union is pleased to announce the largest reduction in loan rates in their 57-year history.  The Management team at WWFCU approved a reduction of nearly 50% of their current secured rates.   This major reduction was a move directed at the current economic conditions, so the local community can take

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Saving Money through Loan Refinancing

December 29th, 2010

Refinancing can provide relief from unmanageable payments and can add additional revenue to meet other monthly obligations. Refinancing can be utilized for an individual loan, or several loans can be consolidated into a single monthly payment. The actual process of refinancing a loan consists of securing a second loan and applying those funds to pay

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