How Rising Interest Rates Impact Mortgages, Car Loans, and Credit Cards
As you navigate the financial landscape, you may have noticed a significant shift in interest rates over recent months. Rising interest rates can have a profound impact on various aspects of your financial life, from the cost of borrowing to the returns on your savings. Central banks, such as the Federal Reserve in the United […]
Can I Refinance My Husband’s Mortgage By Putting My Name on the Deed?
A reader of AskTheMoneyCoach.com wanted to know whether or not they could do a certain maneuver in order to refinance a home mortgage. Here’s the person’s question: Q: Is it possible to temporarily transfer the title to my husband’s home into my name? This way, we could refinance with my credit scores. A: Unfortunately, what […]
Should You Walk Away from Mortgage Debt You Can’t Afford?
If you’ve been struggling to keep up with mortgage payments for a while and simply can’t afford your home loan, walking away from your mortgage may be a last resort. In the wake of the recession, millions of Americans have had to give up the American dream of living in their own house and have […]
When to Refinance Your Mortgage
Q: We have a 5% loan and we owe a little over $132,000 left on it. It was appraised at $168,000 in June 2010. We are now looking at refinancing it at 4.25%, and it was appraised at $148,000 dollars. Since the appraisal was low, we will have to take out PMI but it is […]