Refinancing is one of the most effective financial management tools at a consumer's disposal, but too few homeowners understand how to use it effectively and strategically.
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Bunnell, FL (PRWEB) January 11, 2008
MortgageLoan.com has launched The Guide to Mortgage Refinancing to help homeowners across the U.S. stay ahead of the curve for mortgage rates, terms, and alternatives. With most consumers focusing on first-time mortgages, and little guidance available on refinancing, many homeowners find the process baffling. But now--thanks to the efforts of one of the leading mortgage information sites in the nation--extensive information about refinancing is available in a concise and convenient format.
The Guide to Mortgage Refinancing explains that a mortgage is a financial tool that might need occasional sharpening. That idea is one of the main premises that inspired the creation of The Guide, one of a series of eight new consumer guides from MortgageLoan.com.
"Our financial circumstances change, and so do the needs of our mortgages," says MortgageLoan.com's Managing Editor, Barbara Bayer. "Refinancing is one of the most effective financial management tools at a consumer's disposal, but too few homeowners understand how to use it effectively and strategically."
Although many consumers have a "one size fits all" view of mortgages--whether they are first or refinanced--The Guide illustrates many ways that a refinance departs from a typical first mortgage. By understanding the nuances of refinancing, homeowners can use them more skillfully to leverage their overall finances in ways they may not have previously imagined.
Within a few easy-to-grasp chapters, The Guide explains how to lower monthly payments, consolidate debt, and tune up a mortgage structure for optimal performance and savings. It also teaches you how to shorten your loan payoff timeline to save you tens of thousands of dollars in interest over the life of the loan, or use a cash-out refinance strategy to avoid paying steep consumer rates on credit cards, auto loans, tuition, weddings, home improvements, and other major purchases.
The Guide also helps readers figure out whether it's more advantageous to refinance or keep an existing loan, how to estimate and anticipate closing costs for a "refi," and how to avoid the biggest mistakes and risks that sometimes befall uninformed homeowners when they decide to refinance.
The Guide to Mortgage Refinancing leaves no stone unturned, and can educate and illuminate your mortgage loan possibilities to leave you not only better informed, but also better off financially.
Visit The Guide to Mortgage Refinancing or see more about Refinance: Mortgage Refinancing Rates and Information.
MortgageLoan.com (mortgageloan.com) is the premier mortgage resource for consumers, providing current rates, news, and advice since 1995. MortgageLoan.com features one of the most extensive mortgage broker and lender directories, covering all 50 states. In addition, MortgageLoan.com provides consumers with financial calculators and glossaries, as well as daily articles related to personal finance -- covering topics as mortgages, credit cards, auto financing, investments, and more.