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3 Simple But Powerful Off-Line Advertising Strategies
There are several ways to advertise and get the word out about your business online and the best of them include f-ree search engines, pay per click search engines, writing articles, utilizing press releases, doing joint ventures/ad co-ops, and...
How To Balance A Job, A Life and A Home Business!
For most of us Internet entrepreneurs the reality of starting our own home business on a full time basis is not a reality. With financial and/or family commitments a priority it is hard work to get a home business off the ground and nurture it...
How To Do A Family Financial Assessment
How To Do A Family Financial Assessment Not starting a business with enough cash, known technically as being "undercapitalized", is probably second only to not researching your business concept as a major cause of small business failure. This...
Lessons In Leadership: What Not To Do... From A Canoe!
When it comes to fishing, my husband takes the lead. But his lack of leadership ability in a recent canoe trip on the Boundary Waters in Northern Minnesota offered wonderful lessons on how leaders can unknowingly screw up.
(1) Assign...
Positioning For Profits
Last Friday, I was spending one last day of freedom with a dear friend who was expecting to have her first baby at any minute. We decided to hang out by the pool. On the way there, we stopped to pick up some lunch to eat pool-side. Given the choice...
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Refinancing Your Home - IS the Time Right?
Refinancing your home is a major decision not to be taken lightly, even in this era of low interest rates and easy money. While every mortgage company in town is touting the strategy of getting a new loan before rates rise again, there are several things you'll want to be mindful of before you go about refinancing your home.
In my view the key to refinancing your home isn't just the rate they're offering you: it's the total package looked at not only in terms of today, but a few years down the road. Many people have taken out new loans that really weren't quite right for their long term situations, thinking they'd be able to refinance again in the not-too-distant future. That may or may not prove to be true. No one has a crystal ball that'll give you a definitive idea of just where rates will be even a year from now, so try to approach this with a somewhat more long-termed view. It's very easy to get tempted by the prospect of easy, fast cash, but in the end you end up giving it all back in terms of higher payments, and worst case, be unable to make your payments and lose your home. Just look at all the costs associated with this new loan, determine what the payments will be in 2, 5 and 10 years, or whatever your timeline is, and make an informed decision unfettered by a mortgage broker's "opinion" what's "best" for you. They have a vested interest in getting you into a
loan, any loan, and WILL NOT, repeat, WILL NOT, have your best interests at heart when you go about refinancing your home.
Some things to consider when refinancing your home would be the type of loan, (fixed, ARM, etc.) the rate, the term, the costs associated with the loan, any cash equity you'd like to take out, and the time and documentation necessary for refinancing your home. This is a wildly competitive market, and please do yourself a favor and shop around. The same loan one lender will offer you can vary greatly from another just down the street as far as total costs go. Don't be afraid to say no: they're not doing you a favor by "giving" you this loan. They're reaping many thousands of your dollars in interest, so make sure you get what you want, not what they want to sell you. Remember, you're refinancing your home, not their summer vacation!
All in all, when refinancing your home, take your time. Shop around, compare, and you are the customer, and what was that they say about the customer always being right? You are, as long as you do your homework when refinancing your home.
About the Author
Keith Thompson is a real estate investor and webmaster at href="http://www.mortgage-loans-today.com"> Mortgage Loans Today where you can find more information and resources for refinancing your home
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