when to refinance on sale
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when to refinance FAQ
when you take out equity from a loan what happens to the value?
Apr 22, 2011 by Mark G | Posted in Renting & Real Estate
example: a 100,000 loan that appreciates 5% to value of 105,000. how can you take out that appreciation? also, when you refinance at 105,000 and take out the appreciation (equity) what is the home worth after taking this out if you sell it? in general
100,000 HOME (not loan) that appreciates 5% to 105,000
Your equity in the home is now 5,000
In the old days, you could take a Home Equity Line of Credit Loan (heloc) to get that $5,000 of equity out as cash.
Shopper | Apr 22, 2011
How do I know when its time to refinance my mortgage?
Jan 22, 2008 by Sean T | Posted in Renting & Real Estate
I just bought a home last October. I signed a single 30 year mortgage for 280,000. My interest rate is 6.75%. I have only made 3 payments on this mortgage. With interest rates dropping when is a good time to refinance?
You must have heard about the Fed cutting the interest rates again today :)
The quick answer on refinance timing is that you are not required to wait any period of time before refinancing your current mortgage.
However,
Debt Guru | Jan 23, 2008
you don't have enough time into the mortgage - rates haven't changed enough to benefit you - refinancing usually costs money up front, which could take years to recoup depending on how much you are saving each month after you refi
Doctor Deth | Jan 22, 2008
When is the best time to refinance a car loan?
Mar 16, 2007 by goodfriendoflive | Posted in Buying & Selling
I recently purchased a new car in November and the dealer told me that I can come back in year when my credit excels a bit to refinance with them. Is this true and do I have the option to refinance with another lender?
Yes, you can often refinance a car loan once you have been good with your payment history.
However, the dealership will not refinance you unless you are trading in for another vehicle.
To refinance you need to go to a bank
Tim P | Mar 16, 2007
when to refinance news
Keystone plans to refinance bond issue
23.02.12
LAGRANGE — With interest rates at an all-time low, Keystone Schools plans to save taxpayers nearly $1 million by refinancing the bond issue for the high school built in 2004, said Superintendent Jay Arbaugh.
The Keystone school board plans to take up the issue of refinancing the high school bonds at its meeting 6 p.m. Tuesday in the conference center at Keystone High.
Source: Chronicle-Telegram
Are Mortgage Applicants Forced Into 30-Year Fixed Rate Mortgages?
23.02.12
Tweet
In most countries, 30-year fixed rate loans are in the minority. Here in the United States, though, the majority of residential mortgages are fixed rate loans with an amortization spread over 30 years.
This may be changing.
Customized mortgages aren’t new but industry experts say they are seeing more borrowers opt for fixed-rate loans with terms other than the standard 30 or 15 years, especially when it comes to refinancings.
Source: The Mortgage Reports
Freescale to refinance more debt
23.02.12
J.P. Morgan Chase & Co. on Wednesday, Feb. 15, launched a $500 million senior secured term loan due 2019. Proceeds will be used to repay $500 million of 10.125% senior subordinated notes due 2016, according to a source and ratings agencies. A source said the $500 million loan, which has limited maintenance covenants, is expected to price between LIBOR plus 450 to 475 basis points, with a LIBOR floor of 1.25%, the source confirmed.
Source: The Deal Pipeline
when to refinance about
Lee Enterprises Prepares $1B Note Offering To Refinance Debt
Wall Street Journal - Apr 26, 2011
NEW YORK (Dow Jones)--Newspaper publisher Lee Enterprises Inc. (LEE) is scheduled to price $1.055 billion of junk bonds later Tuesday as part of an effort to refinance all of its existing debt and avoid a
KAR Auction plans to refinance with $1.5B term loan
Indianapolis Business Journal - Apr 26, 2011
KAR Auction Services Inc., a provider of vehicle-auction services, is seeking to refinance existing debt with a $1.5 billion senior secured term loan and a $250 million senior secured revolving credit facility. The company will host a lender meeting at
Cumulus Media to refinance with $610M bond offer
BusinessWeek - Apr 26, 2011
Radio station operator Cumulus Media Inc. on Monday said it will sell $610 million in bonds to refinance debt in preparation for the pending acquisitions of fellow radio station operator Citadel Broadcasting Corp. and station owner Cumulus Media
Refinance Mortgage Rates Today at GMAC
Personal Finance Bulletin - Apr 26, 2011
The 15 year fixed rate refinance loan is 4.125% today, resulting in an APR of 4.418%. Five-year and seven-year ARMs are 3.125% and 3.625% respectively. Jumbo loans at the bank start at a best rate of 5.125% for the 30 year loan and 4.75% for the 15
US Foodservice Said to Seek Refinancing of 2007 LBO Debt
BusinessWeek - Apr 26, 2011
April 26 (Bloomberg) -- US Foodservice Inc., the food distributor bought by KKR & Co. and Clayton Dubilier & Rice in 2007, is seeking to refinance debt, according to a person with knowledge of the matter. The Rosemont, Illinois-based