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Mortgage Refinancing: Everything You Need To Know

With interest rates falling sharply, this is a good time to refinance a mortgage. Just be sure to take the right steps. (iStock)Mortgage rates are going down when the nation starts the long haul back to normalcy as the coronavirus pandemic subsides.That's good news for us homeowners who want to refinance their mortgage and save money on their monthly home payments.If you are planning to refinance your mortgage now or in the near future, read on to see everything you need to know.What are refinancing loans today?In the last week of May 30-year fixed mortgage rates fell to just over…

Complete checklist of mortgage refinancing requirements

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders that we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, referred to herein as "Credible."The process of refinancing your mortgage can feel overwhelming. But as long as you follow the necessary steps, it may be easier to refinance your mortgage than you might think. Follow these steps to ensure that you meet the requirements for refinancing your mortgage: Decide why you want to refinance Wait as little time as possible…

5 times to consider it

The refinancing process can be cumbersome and expensive - but it's worth it in the long run. Before you jump in, make sure you refinance for the right reasons.Some people refinance for reasons that are ultimately not economically advantageous. For example, you can refinance for a longer term for lower monthly payments but end up paying thousands more in interest by extending your loan.However, there are many good reasons to refinance. Here are five ways it can be helpful to refinance your mortgage:Prices are at historic lows right now, so it may be worth switching your current mortgage to one…

Italy calls on ‘Super Mario’ as political crisis deepens

Italy calls on ‘Super Mario’ as political crisis deepens

On Tuesday evening Sergio Mattarella pressed the closest thing Italy’s silver-haired president had to a political emergency button: he called for Mario Draghi.Facing a health and economic crisis that, in the words of the 79-year-old, is “the most serious I can remember” Mr Mattarella will meet the former European Central Bank president in Rome on Wednesday, when the Italian head of state is expected to ask him to attempt to form a new government of national unity.Mr Draghi, dubbed “Super Mario” for his celebrated tenure at the ECB, is credited with having saved the euro from disaster during the continent’s…

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