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Drawbacks of Consolidating Debt

Drawbacks of Consolidating Debt

Here are some risks that debt consolidation caries: Some Loans Have Prepayment Penalties- Prepayment penalties aren’t as common as they once were, but they remain a factor in debt consolidation decisions. Where they exist, prepayment penalties may erode the case for...

When is Debt Consolidation a Bad Idea?

When is Debt Consolidation a Bad Idea?

The biggest problem with debt consolidation is that it doesn’t address the reasons why you got into debt in the first place. If you don’t change your spending habits, then consolidating debt is only going to be a short-term fix.  Debt consolidation is also may not be...

When is Debt Consolidation a Good Idea?

When is Debt Consolidation a Good Idea?

Depending on your circumstances, debt consolidation may or may not be right for you. For every benefit of borrowing to pay down your debts, there’s a drawback or caution to keep in mind.  Here are a few scenarios when you might consider debt consolidation: Your...

Debt Consolidation – Everything You Need To Know

Debt Consolidation – Everything You Need To Know

While debt is never ideal, many of us find ourselves in that situation at one point or another in our lives. You may have heard of the term debt consolidation floating around and if this has sparked your interest, it’s important to know all of the details surrounding...

How to Refinance Your Mortgage

How to Refinance Your Mortgage

Refinancing your mortgage can help you obtain lower interest rates or tap into your equity to pay off outstanding debts. Below, we walk you through the necessary steps if you decide that refinancing your mortgage is a great option for you. What Is Mortgage...

First Time Home Buyers Mortgage Guidelines

First Time Home Buyers Mortgage Guidelines

Buying your first home is a very big step that is both exciting and overwhelming. As it is a very large investment, it’s important to have all of the information beforehand so that you’re well prepared. There are several aspects you need to consider when buying a...

What is Mortgage Refinancing?

What is Mortgage Refinancing?

Mortgage refinancing is a term used for a new mortgage on your property when it replaces the old one. It generally comes with a set of new terms and conditions. However, the word is often misunderstood by many who associate it with a second mortgage, which is not the...

Things You Need to Know Before You Get a Mortgage

Things You Need to Know Before You Get a Mortgage

Buying a house and taking on a mortgage is a big deal, so you need to have all of the right information before jumping into an investment of this magnitude.  The following information will come in handy when you’re trying to obtain a mortgage and help you make the...

How to Choose the Best Mortgage Broker

How to Choose the Best Mortgage Broker

An increasing number of homebuyers are flocking to mortgage brokers instead of banks to secure themselves the best mortgage. Brokers, also called mortgage advisers, act as the mediator between homebuyers and lenders. They have insider knowledge of the industry, and...

Why to Use a Mortgage Broker?

Why to Use a Mortgage Broker?

A Mortgage Broker is an independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs. The primary expertise of a Mortgage Broker is locating funding for mortgage financing. Brokers have the knowledge required to...