Assuming you have a credit score of 720+ and a good debt-to-income ratio, how do you refinance your conventional fixed-rate mortgage without paying any closing costs from your pocket while staying under the nation’s average interest rate?
If you’ve been anywhere near buying or refinancing a home, you must’ve definitely heard of the term ‘Loan Estimate’. If you’ve ever wondered what items appear on the loan estimate from a potential lender and how to calculate the actual closing costs for your loan, we have the answers for you. So, let’s dive right in.
Last month, Bank of America opened up the Alaska Airlines 65,000 bonus miles credit card offer via a public link. Upon approval, you can get 40,000 miles after spending $2,000 in the first 3 months and another 25,000 miles after spending $8,000 in total, in 6 months.
It’s the age-old debate. Should I refinance my mortgage? Some people say ‘yes, why would you let low interest rates slip by?’ Yet others say, ‘No, you’ll only add years to your mortgage which you’ve worked so hard to pay down.’
Through this blog, we at The Finance Pill aim to share essential financial ideas and hacks that can make your wallet and even your bank account a lot heavier.