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In order to refinance a home after bankruptcy, most lenders want to see a minimum of 24 months since the d… More
Do you need to reduce your mortgage payments? Is your interest-only or adjustable rate mortgage about to c… More
The most primary reason to refinance is that the mortgage payment under the new mortgage would have a lowe… More
The best time to refinance is when considering consolidating an existing debt or after credit has been cle… More
Refinance an automobile when the interest rates are at least 2 percent lower than what is currently being … More
Deciding whether to refinance a mortgage can be a difficult and confusing process. In addition to the many… More
Refinancing student loans right after graduation is an important step to getting a better interest rate, a… More
Auto loan interest rates fluctuate almost as much as the weather; one week they're at an all-time high, wh… More
Erasing bankruptcy is a misconception because the Fair Credit Reporting Act declares what is acceptable fo… More
Getting a bankruptcy off a credit report is an impossible task due to the fact that the Fair Credit Report… More
People who have filed for bankruptcy are eligible for FHA financing two years after their bankruptcy case … More
The number of homes that have been foreclosed in the last two years is breathtaking. In addition, the numb… More
To get a loan after filing bankruptcy, be upfront about the bankruptcy and demonstrate a stable income and… More
When filing for bankruptcy, the law provides for an automatic stay, which is essentially an injunction iss… More
The process of refinancing a house is straightforward. However, motivations for refinancing vary. Refinanc… More
Summary: Refinance an automobile when the interest rates are at least 2 percent lower than what is currently being paid. Avoid refinancing over a longer period of time than is appropriate for the age of the vehicle. Consult a lending institution for more information on car loan refinancing with advice from a registered financial consultant in this free video on auto loans.
Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more
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"This is financial adviser, Patrick Munro, talking about how to refinance an automobile. Refinancing an automobile is an opportunity available to you to lower your payment on one of your most important assets, which is your automobile. You can refinance your home when interest rates come down. Why not your automobile? But in this particular case, you do not want to move forward with the refinancing of an automobile unless a couple of things are clear. Number one, the refinancing must be to two percentage points lower than the prevailing rate that you do now have. Otherwise, it won't be worth the time or the effort. Also, make sure that they don't refinance your vehicle over a longer period of time than is appropriate for the age of the vehicle. If your vehicle's already five years old, you don't want to refinance it over a period of an additional five years. The interest you will pay is, well, significantly ridiculous. And you don't want that. So bear those two factors in mind. And if there are two full percentage points difference from your prevailing rate and you get an appropriate term to do so, by all means, it's going to save you money. And if you've saved your money, you can invest more for your future. This is Patrick Munro talking about how to refinance your vehicle."
eHow Article: How to Refinance an Automobile
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.
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