• Refinancing To Pay Off Debt, Managing Your Debt, & Using Equity To Refinance

    http://real-101.com Watch more episodes http://www.TraceyBrock.ca Tracey Brock Mortgage Broker When you own a home, it's extremely important to learn how managing your debt will allow you to live without the stress of making monthly payments. When you get into debt trouble, refinancing your mortgage to pay off debt is a step you can take. But by learning how to manage your debt, you can avoid using equity in your home to refinance debt, and save that equity for more important things. Watch this episode with Tracey Brock of Dominion Lending Centres where she explains how to refinance your mortgage to pay off debt, and how to manage your debt. For more information on mortgage financing, or if you need a mortgage broker, contact Tracey Brock of Dominion Lending Centres. http://www.TraceyB...

    published: 24 Jan 2013
  • Cash Out Refinance?

    Check out The Rachel Cruze YouTube Channel for life and money tips! http://www.youtube.com/user/RachelCruze?sub_confirmation=1 ________________________________________________________________ Victoria calls Dave for advice on where she needs to cash out her refinance. Find A Financial Peace class near you! http://www.daveramsey.com/fpu/classfinder?ectid=70.11.1223 Check out Chris Hogan’s book “Retire Inspired” http://www.daveramsey.com/store/books/retire-inspired-by-chris-hogan/prodD078.html?ectid=70.11.1222 Do you want to take control of your money? Get “The Total Money Makeover” book here. http://www.daveramsey.com/store/books/dave-s-bestsellers/the-total-money-makeover/prodtmmoclassic.html?ectid=70.11.1221 Download the FREE EveryDollar App and start telling your money where to go. ...

    published: 11 Nov 2014
  • Can I Refinance My Home To Pay Off Credit Card Debt?

    http://iwantagreathomeloan.com - Do you own a home? Do you have credit card debt you would like to pay off or consolidate? If you answered yes to both of these questions you might want to look into doing a cash-out refinance. This is a great way to consolidate your credit card debts by using the equity in your home. This is not for everyone, but is definitely something you should look into if you are trying to free up some money. In this episode, Don answers some questions that have come up in regards to paying of credit card debt and using the equity in your home to do this. Check out this video and if you have any questions, please visit us online at I Want A Great Home Loan dot Com. There you can submit your questions and get answers. We are here to help!

    published: 15 Apr 2014
  • Benefits of refinancing to consolidate debt

    Like many Australians you could have several debts – probably a home loan, a personal loan, and possibly even a credit card balance. Having multiple debts means juggling lots of different repayments. More importantly, you could be paying more each month than necessary. That’s because your personal loan and credit card could charge interest rates twice as high or more, than the rate you’re currently paying on your home loan. A smart way to save can be refinancing your home loan to consolidate different debts. Let’s see how it can work. We’ll say Sue has a home loan of $200,000 with a rate of 5%. She has a $15,000 personal loan costing 12% and $5,000 is owed on her credit card – attracting interest of 18%. All up, Sue pays around $1,600 in monthly repayments. Now let’s see what happe...

    published: 05 Jul 2016
  • Don't pay off your credit card debt by refinancing

    It is not a good idea to pay off your outstanding credit card debt by refinancing unless you have a solid plan. Otherwise, you could risk losing your home. #5 in a series "Got Debt?"

    published: 10 Jun 2014
  • Current Liabilities Accounting (Refinancing Short Term Debt With Long Term Debt)

    Accounting for the refinancing of a current liability using long term debt or equity (after the balance sheet date & before the balance sheet is issued), when to reclassify short-term debt to long-term debt ?, Refinancing a short-term obligation on a long-term basis means either replacing it with a long-term obligation or with equity securities, or renewing, extending, or replacing it with short-term obligations for an uninterrupted period extending beyond one year (or the operating cycle, if applicable), Refinancing criteria: To exclude short-term debt from current liabilities both of the following must be met: 1-Must intend to refinance the debt on a long term basis so that it will not require use of working capital and 2-Must demonstrate an ability to refinance the debt, Short-Term debt...

    published: 17 Jan 2013
  • Refinance Yourself Out of Debt

    Mortgages of Canada is full service mortgage lending and trading brokerage. We are one of Ontario's fastest growing brokerages, priding our success on exceptional customer service and commitment. We have earned a respected reputation with lenders and clients as leading-edge brokerage that keeps communications active during the entire process of brokered transaction. Mortgage of Canada’s agents are meticulously trained on lender mortgage products and services to provide the highest level of professionalism, knowledgeable and expertise. Commercial Meet the Jones’. They were facing a mountain of monthly bills UNTIL they found Mortgages of Canada. Refinancing their mortgage on their home, they’ve payed off ALL of their credit card debt! Instead of multiple credit accounts with high intere...

    published: 26 Feb 2015
  • Cash Out Refinance for Paying Off Debt

    Cash Out Refinance for Paying Off Debt Call 866-569-8272 In this video Eric with Low VA Rates talks about how to use a VA cash out refinance loan to pay off debt. Credit card debt can add up fast, and when it does it can be overwhelming. In 2016, the average household credit card debt was $16,048. That’s not including student loan debt or even automobile debt. Eric gives some really good examples of why you should try to pay off your credit cards as soon as possible. If you are a veteran home owner you might want to consider the VA IRRRL. The VA IRRRL is fast and easy and can significantly reduce your monthly mortgage payments so that you can put more money toward paying off debt. The other option is the VA cash out refinance. With this option you can use the equity in your homes valu...

    published: 08 Mar 2017
  • Debt consolidation

    Check out The Rachel Cruze YouTube Channel for life and money tips! http://www.youtube.com/user/RachelCruze?sub_confirmation=1 ________________________________________________________________ Carol asks Dave for advice on how to consolidate her debts. Find A Financial Peace class near you! http://www.daveramsey.com/fpu/classfinder?ectid=70.11.1146 Check out Chris Hogan’s book “Retire Inspired” http://www.daveramsey.com/store/books/retire-inspired-by-chris-hogan/prodD078.html?ectid=70.11.1145 Do you want to take control of your money? Get “The Total Money Makeover” book here. http://www.daveramsey.com/store/books/dave-s-bestsellers/the-total-money-makeover/prodtmmoclassic.html?ectid=70.11.1144 Download the FREE EveryDollar App and start telling your money where to go. http://www.daver...

    published: 28 Nov 2013
  • Credit Card Debt consolidation information, How to get out of credit card debt

    If you are online looking for: - Debt Management Tips - how to get out of credit card debt - credit card consolidation - credit card relief - free credit report - debt consolidation - how to get out of debt - debt consolidation loan - freedom debt relief - debt consolidation companies - debt consolidation information - free debt advice - Suze Orman - Zeitgeist - Credit Card Debt you need to see this video!!!

    published: 05 Aug 2012
  • Refinancing Home Loan for Debt Consolidation

    https://KCLau.com/refinancing-aia I spoke to Daniel who specialises in helping his clients to refinance their home loans. What are the main reasons people consider when refinancing to cash out the equity? The most common cause --- DEBT CONSOLIDATION... instead of paying 18% for credit cards and many other debts, the home loan offer the lowest interest rate of all! You can lower your commitment while enjoying lower interest rate.

    published: 12 May 2017
  • What is REFINANCING? What does REFINANCING mean? REFINANCING meaning, definition & explanation

    What is REFINANCING? What does REFINANCING mean? REFINANCING meaning, definition & explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Refinancing may refer to the replacement of an existing debt obligation with another debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as, inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, a common form of refinancing is for a place of primary residency mortgage. If the replacement of debt occurs under financial distress, refinancing...

    published: 12 Oct 2016
  • Nigerian govt. approves refinancing of domestic debt into $3 billion treasury bills

    Nigerian govt. okays refinancing of domestic debt into $3 billion treasury bills The Federal Executive Council, FEC, on Wednesday approved the refinancing of the country’s domestic debts into treasury bills worth $3 billion as part of the overall strategy of government to reduce the cost of borrowing. The Minister of Finance, Kemi Adeosun, gave the indication while addressing State House Correspondents on the FEC meeting presided by Acting President Yemi Osinbajo. According to her, the approval was derived from a memo her ministry presented to FEC to enable the federal government restructure its debt portfolio. “The memo that I presented and was approved by council was part of our efforts to restructure our debt portfolio. “We got approval in June that we would restructure our debt pro...

    published: 10 Aug 2017
  • Refinancing is one option to tackle debts

    Refinance could be an option for consolidating your debts, get help online http://www.firstchoicefinance.co.uk/Index.asp?T=Refinancing%20is%20one%20option%20to%20tackle%20debts Think Carefully Before Securing Other Debts Against Your Home. Your Home May Be Repossessed If You Do Not Keep Up Repayments On A Mortgage Or Any Other Debt Secured On It. Security is required on immovable property. Borrowing is subject to status & affordability

    published: 14 May 2017
  • Your Car Loan Is Killing Your Wealth - Dave Ramsey Rant

    Your Car Loan Is Killing Your Wealth - Dave Ramsey Rant Dave discusses car loans and their hindrance to wealth building. Check out The Rachel Cruze YouTube Channel for life and money tips! http://www.youtube.com/user/RachelCruze?sub_confirmation=1 ________________________________________________________________ Find A Financial Peace class near you! http://www.daveramsey.com/fpu/classfinder?ectid=70.11.977 Check out Chris Hogan’s book “Retire Inspired” http://www.daveramsey.com/store/books/retire-inspired-by-chris-hogan/prodD078.html?ectid=70.11.976 Do you want to take control of your money? Get “The Total Money Makeover” book here. http://www.daveramsey.com/store/books/dave-s-bestsellers/the-total-money-makeover/prodtmmoclassic.html?ectid=70.11.975 Do you need help with your taxes? ...

    published: 27 Mar 2014
  • What Does It Mean To Refinance Debt?

    Debt is replaced or refunded by a company with money that raised issuing creating other borrowing when interest rates drop, the will want to refinance its debt at new rate. Companies or individuals refinancing loans may have to pay a penalty fee refer the replacement of an existing debt obligation with another be tax advantages available refinancing, particularly if one does not alternative minimum. Because how does a bond's coupon interest rate affect its price? Find out refinance occurs when business or person revises payment schedule for repaying debt. Asp url? Q webcache. Debt consolidating mortgage definition and explanation debt consolidation. Refinancing investopedia. You need to know what your credit score is and it means private lenders. Refinancing loans moneyhelp. What does debt...

    published: 15 Jul 2017
Refinancing To Pay Off Debt, Managing Your Debt, & Using Equity To Refinance

Refinancing To Pay Off Debt, Managing Your Debt, & Using Equity To Refinance

  • Order:
  • Duration: 5:25
  • Updated: 24 Jan 2013
  • views: 1843
videos
http://real-101.com Watch more episodes http://www.TraceyBrock.ca Tracey Brock Mortgage Broker When you own a home, it's extremely important to learn how managing your debt will allow you to live without the stress of making monthly payments. When you get into debt trouble, refinancing your mortgage to pay off debt is a step you can take. But by learning how to manage your debt, you can avoid using equity in your home to refinance debt, and save that equity for more important things. Watch this episode with Tracey Brock of Dominion Lending Centres where she explains how to refinance your mortgage to pay off debt, and how to manage your debt. For more information on mortgage financing, or if you need a mortgage broker, contact Tracey Brock of Dominion Lending Centres. http://www.TraceyBrock.ca Direct: 416.788.6207 Mortage Broker M09001257 Need A Top Real Estate Agent In Ontario? Contact Joe Terceira http://www.joeterceira.com Refinancing To Pay Off Debt, Managing Your Debt, & Using Equity To Refinance https://www.youtube.com/watch?v=gqqq-dmVqhA
https://wn.com/Refinancing_To_Pay_Off_Debt,_Managing_Your_Debt,_Using_Equity_To_Refinance
Cash Out Refinance?

Cash Out Refinance?

  • Order:
  • Duration: 6:10
  • Updated: 11 Nov 2014
  • views: 19780
videos
Check out The Rachel Cruze YouTube Channel for life and money tips! http://www.youtube.com/user/RachelCruze?sub_confirmation=1 ________________________________________________________________ Victoria calls Dave for advice on where she needs to cash out her refinance. Find A Financial Peace class near you! http://www.daveramsey.com/fpu/classfinder?ectid=70.11.1223 Check out Chris Hogan’s book “Retire Inspired” http://www.daveramsey.com/store/books/retire-inspired-by-chris-hogan/prodD078.html?ectid=70.11.1222 Do you want to take control of your money? Get “The Total Money Makeover” book here. http://www.daveramsey.com/store/books/dave-s-bestsellers/the-total-money-makeover/prodtmmoclassic.html?ectid=70.11.1221 Download the FREE EveryDollar App and start telling your money where to go. http://www.daveramsey.com/everydollar?ectid=70.11.1220 Do you need help with your taxes? Find an Endorsed Local Provider near you! https://www.daveramsey.com/elp/tax-services?ectid=70.11.1219 Need help selling or buying a home? Click the link to find an Endorsed Local Provider in your area. https://www.daveramsey.com/elp/residential-real-estate?ectid=70.11.1218 Do you have questions about investing? Let one of our Endorsed Local Providers help. https://www.daveramsey.com/elp/investing?ectid=70.11.1217 IN THIS VIDEO: Dave Ramsey, The Dave Ramsey Show, Financial Peace University, FPU, The Total Money Makeover, budget, envelope system, emergency fund, baby steps, radio show, debt freedom, EntreLeadership, mortgage, ELP, daveramsey.com, money, finance, economy, investing, saving, retirement, cash, mutual fund, stock market, business, leadership, credit, drtlgi
https://wn.com/Cash_Out_Refinance
Can I Refinance My Home To Pay Off Credit Card Debt?

Can I Refinance My Home To Pay Off Credit Card Debt?

  • Order:
  • Duration: 3:37
  • Updated: 15 Apr 2014
  • views: 1478
videos
http://iwantagreathomeloan.com - Do you own a home? Do you have credit card debt you would like to pay off or consolidate? If you answered yes to both of these questions you might want to look into doing a cash-out refinance. This is a great way to consolidate your credit card debts by using the equity in your home. This is not for everyone, but is definitely something you should look into if you are trying to free up some money. In this episode, Don answers some questions that have come up in regards to paying of credit card debt and using the equity in your home to do this. Check out this video and if you have any questions, please visit us online at I Want A Great Home Loan dot Com. There you can submit your questions and get answers. We are here to help!
https://wn.com/Can_I_Refinance_My_Home_To_Pay_Off_Credit_Card_Debt
Benefits of refinancing to consolidate debt

Benefits of refinancing to consolidate debt

  • Order:
  • Duration: 2:01
  • Updated: 05 Jul 2016
  • views: 265
videos
Like many Australians you could have several debts – probably a home loan, a personal loan, and possibly even a credit card balance. Having multiple debts means juggling lots of different repayments. More importantly, you could be paying more each month than necessary. That’s because your personal loan and credit card could charge interest rates twice as high or more, than the rate you’re currently paying on your home loan. A smart way to save can be refinancing your home loan to consolidate different debts. Let’s see how it can work. We’ll say Sue has a home loan of $200,000 with a rate of 5%. She has a $15,000 personal loan costing 12% and $5,000 is owed on her credit card – attracting interest of 18%. All up, Sue pays around $1,600 in monthly repayments. Now let’s see what happens if Sue refinances her home loan to consolidate all these balances into one low rate loan. Instead of juggling different debts, Sue only has to manage her home loan, now worth $220,000. And instead of paying rates as high as 18%, she pays just 5%. By refinancing this way, Sue will pay a single monthly repayment of $1,286 – that’s over $300 less each month than she was previously paying. This gives Sue extra money to live on. Or she can use the extra $300 she now has available each month to pay off her home loan sooner and save more in overall interest. The potential downside would be that Sue would be paying for short term debt over a longer period. However, your local Mortgage Choice broker can work on the best plan for consolidating your debt that suits your situation. Why not talk to them today to find out more? ----------------------------------------------------------------------------------------------------------- Please see below for accompanying calculations Before consolidation: Monthly repayment on Sue’s home loan $200,000 @ 5% $1,169* Monthly repayment on Sue’s personal loan $15,000 @ 12% $ 334* Monthly repayment on Sue’s credit card $5,000 @ 18% $ 102** Total monthly repayment $1,605 After consolidation Monthly repayment on Sue’s home loan $220,000 @ 5% $1,286* Monthly repayment reduction: $319 *Made using home loan calculator on Mortgage Choice website **Made using credit card calculator at www.moneysmart.gov.au, assumes minimum monthly repayment of 2%
https://wn.com/Benefits_Of_Refinancing_To_Consolidate_Debt
Don't pay off your credit card debt by refinancing

Don't pay off your credit card debt by refinancing

  • Order:
  • Duration: 1:31
  • Updated: 10 Jun 2014
  • views: 268
videos
It is not a good idea to pay off your outstanding credit card debt by refinancing unless you have a solid plan. Otherwise, you could risk losing your home. #5 in a series "Got Debt?"
https://wn.com/Don't_Pay_Off_Your_Credit_Card_Debt_By_Refinancing
Current Liabilities Accounting (Refinancing Short Term Debt With Long Term Debt)

Current Liabilities Accounting (Refinancing Short Term Debt With Long Term Debt)

  • Order:
  • Duration: 12:13
  • Updated: 17 Jan 2013
  • views: 6407
videos
Accounting for the refinancing of a current liability using long term debt or equity (after the balance sheet date & before the balance sheet is issued), when to reclassify short-term debt to long-term debt ?, Refinancing a short-term obligation on a long-term basis means either replacing it with a long-term obligation or with equity securities, or renewing, extending, or replacing it with short-term obligations for an uninterrupted period extending beyond one year (or the operating cycle, if applicable), Refinancing criteria: To exclude short-term debt from current liabilities both of the following must be met: 1-Must intend to refinance the debt on a long term basis so that it will not require use of working capital and 2-Must demonstrate an ability to refinance the debt, Short-Term debt paid off after balance sheet date and later replaced by Long-Term debt, how should the short term debt be classified depends on when the long term debt was issued to replace the short term debt, 1-No if it used existing current assets before long-term financing was obtained or 2-Yes if long term debt was issued before the short-term liability was paid off, Portion of short-term debt to be excluded from current liabilities may not exceed proceeds from new debt or equity securities used to retire short term debt, report both current liability portion and long term portion refinanced, detailed accounting calculations and discussion by Allen Mursau
https://wn.com/Current_Liabilities_Accounting_(Refinancing_Short_Term_Debt_With_Long_Term_Debt)
Refinance Yourself Out of Debt

Refinance Yourself Out of Debt

  • Order:
  • Duration: 0:41
  • Updated: 26 Feb 2015
  • views: 238
videos
Mortgages of Canada is full service mortgage lending and trading brokerage. We are one of Ontario's fastest growing brokerages, priding our success on exceptional customer service and commitment. We have earned a respected reputation with lenders and clients as leading-edge brokerage that keeps communications active during the entire process of brokered transaction. Mortgage of Canada’s agents are meticulously trained on lender mortgage products and services to provide the highest level of professionalism, knowledgeable and expertise. Commercial Meet the Jones’. They were facing a mountain of monthly bills UNTIL they found Mortgages of Canada. Refinancing their mortgage on their home, they’ve payed off ALL of their credit card debt! Instead of multiple credit accounts with high interest rates they have JUST ONE MONTHLY mortgage payment with a LOWERED interest rates. Not only did they save money but their cash flow has increased! Give us a call today to review your refinancing options! Our Prime Interest is YOU! Give Us a Call Us Today! 647-869-3918 www.mortgagesofcanada.ca
https://wn.com/Refinance_Yourself_Out_Of_Debt
Cash Out Refinance for Paying Off Debt

Cash Out Refinance for Paying Off Debt

  • Order:
  • Duration: 9:08
  • Updated: 08 Mar 2017
  • views: 509
videos
Cash Out Refinance for Paying Off Debt Call 866-569-8272 In this video Eric with Low VA Rates talks about how to use a VA cash out refinance loan to pay off debt. Credit card debt can add up fast, and when it does it can be overwhelming. In 2016, the average household credit card debt was $16,048. That’s not including student loan debt or even automobile debt. Eric gives some really good examples of why you should try to pay off your credit cards as soon as possible. If you are a veteran home owner you might want to consider the VA IRRRL. The VA IRRRL is fast and easy and can significantly reduce your monthly mortgage payments so that you can put more money toward paying off debt. The other option is the VA cash out refinance. With this option you can use the equity in your homes value and apply that money to paying off debt or anything else you might need it for. If you would like to discuss some of the options that were presented in this video call us now at (866) 569-8272. We are happy to answer any questions that you might have. Thank You for watching. Low VA Rates LLC. https://www.lowvarates.com/ Address: 384 S 400 W #100, Lindon, UT 84042 Phone: (866) 569-8272 Hours: Open today · 6AM–8PM NMLS #1109426. https://youtu.be/gEbJfnoD81Y Other videos you may be interested in: https://www.youtube.com/watch?v=Oone454njps&t=245s https://www.youtube.com/watch?v=j0uWfN0EXO8&t=25s https://www.youtube.com/watch?v=bter4YQ1cQQ
https://wn.com/Cash_Out_Refinance_For_Paying_Off_Debt
Debt consolidation

Debt consolidation

  • Order:
  • Duration: 7:53
  • Updated: 28 Nov 2013
  • views: 39445
videos
Check out The Rachel Cruze YouTube Channel for life and money tips! http://www.youtube.com/user/RachelCruze?sub_confirmation=1 ________________________________________________________________ Carol asks Dave for advice on how to consolidate her debts. Find A Financial Peace class near you! http://www.daveramsey.com/fpu/classfinder?ectid=70.11.1146 Check out Chris Hogan’s book “Retire Inspired” http://www.daveramsey.com/store/books/retire-inspired-by-chris-hogan/prodD078.html?ectid=70.11.1145 Do you want to take control of your money? Get “The Total Money Makeover” book here. http://www.daveramsey.com/store/books/dave-s-bestsellers/the-total-money-makeover/prodtmmoclassic.html?ectid=70.11.1144 Download the FREE EveryDollar App and start telling your money where to go. http://www.daveramsey.com/everydollar?ectid=70.11.1143 Do you need help with your taxes? Find an Endorsed Local Provider near you! https://www.daveramsey.com/elp/tax-services?ectid=70.11.1142 Need help selling or buying a home? Click the link to find an Endorsed Local Provider in your area. https://www.daveramsey.com/elp/residential-real-estate?ectid=70.11.1141 Do you have questions about investing? Let one of our Endorsed Local Providers help. https://www.daveramsey.com/elp/investing?ectid=70.11.1140 IN THIS VIDEO: Dave Ramsey, The Dave Ramsey Show, Financial Peace University, FPU, The Total Money Makeover, budget, envelope system, emergency fund, baby steps, radio show, debt freedom, EntreLeadership, mortgage, ELP, daveramsey.com, money, finance, economy, investing, saving, retirement, cash, mutual fund, stock market, business, leadership, credit, drtlgi
https://wn.com/Debt_Consolidation
Credit Card Debt consolidation information, How to get out of credit card debt

Credit Card Debt consolidation information, How to get out of credit card debt

  • Order:
  • Duration: 14:55
  • Updated: 05 Aug 2012
  • views: 94375
videos
If you are online looking for: - Debt Management Tips - how to get out of credit card debt - credit card consolidation - credit card relief - free credit report - debt consolidation - how to get out of debt - debt consolidation loan - freedom debt relief - debt consolidation companies - debt consolidation information - free debt advice - Suze Orman - Zeitgeist - Credit Card Debt you need to see this video!!!
https://wn.com/Credit_Card_Debt_Consolidation_Information,_How_To_Get_Out_Of_Credit_Card_Debt
Refinancing Home Loan for Debt Consolidation

Refinancing Home Loan for Debt Consolidation

  • Order:
  • Duration: 4:24
  • Updated: 12 May 2017
  • views: 405
videos
https://KCLau.com/refinancing-aia I spoke to Daniel who specialises in helping his clients to refinance their home loans. What are the main reasons people consider when refinancing to cash out the equity? The most common cause --- DEBT CONSOLIDATION... instead of paying 18% for credit cards and many other debts, the home loan offer the lowest interest rate of all! You can lower your commitment while enjoying lower interest rate.
https://wn.com/Refinancing_Home_Loan_For_Debt_Consolidation
What is REFINANCING? What does REFINANCING mean? REFINANCING meaning, definition & explanation

What is REFINANCING? What does REFINANCING mean? REFINANCING meaning, definition & explanation

  • Order:
  • Duration: 4:15
  • Updated: 12 Oct 2016
  • views: 909
videos
What is REFINANCING? What does REFINANCING mean? REFINANCING meaning, definition & explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Refinancing may refer to the replacement of an existing debt obligation with another debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as, inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, a common form of refinancing is for a place of primary residency mortgage. If the replacement of debt occurs under financial distress, refinancing might be referred to as debt restructuring. A loan (debt) might be refinanced for various reasons: 1. To take advantage of a better interest rate (a reduced monthly payment or a reduced term) 2. To consolidate other debt(s) into one loan (a potentially longer/shorter term contingent on interest rate differential and fees) 3. To reduce the monthly repayment amount (often for a longer term, contingent on interest rate differential and fees) 4. To reduce or alter risk (e.g. switching from a variable-rate to a fixed-rate loan) 5. To free up cash (often for a longer term, contingent on interest rate differential and fees) Refinancing for reasons 2, 3, and 5 are usually undertaken by borrowers who are in financial difficulty in order to reduce their monthly repayment obligations, with the penalty that they will take longer to pay off their debt. In the context of personal (as opposed to corporate) finance, refinancing multiple debts makes management of the debt easier. If high-interest debt, such as credit card debt, is consolidated into the home mortgage, the borrower is able to pay off the remaining debt at mortgage rates over a longer period. For home mortgages in the United States, there may be tax advantages available with refinancing, particularly if one does not pay Alternative Minimum Tax. Some fixed-term loans have penalty clauses ("call provisions") that are triggered by an early repayment of the loan, in part or in full, as well as "closing" fees. There will also be transaction fees on the refinancing. These fees must be calculated before embarking on a loan refinancing, as they can wipe out any savings generated through refinancing. Penalty clauses are only applicable to loans paid off prior to maturity. If a loan is paid off upon maturity it is a new financing, not a refinancing, and all terms of the prior obligation terminate when the new financing funds pay off the prior debt. If the refinanced loan has the same interest rate as previously, but a longer term, it will result in a larger total interest cost over the life of the loan, and will result in the borrower remaining in debt for many more years. Typically, a refinanced loan will have a lower interest rate. This lower rate, combined with the new, longer term remaining on the loan will lower payments. A borrower should calculate the total cost of a new loan compared to the existing loan. The new loan cost will include the closing costs, prepayment penalties (if any) and the interest paid over the life of the new loan. This should be lower than the remaining interest that will be paid on the existing loan to see if it makes financial sense to refinance. In some jurisdictions, varying by American state, refinanced mortgage loans are considered recourse debt, meaning that the borrower is liable in case of default, while un-refinanced mortgages are non-recourse debt.
https://wn.com/What_Is_Refinancing_What_Does_Refinancing_Mean_Refinancing_Meaning,_Definition_Explanation
Nigerian govt. approves refinancing of domestic debt into $3 billion treasury bills

Nigerian govt. approves refinancing of domestic debt into $3 billion treasury bills

  • Order:
  • Duration: 2:28
  • Updated: 10 Aug 2017
  • views: 47
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Nigerian govt. okays refinancing of domestic debt into $3 billion treasury bills The Federal Executive Council, FEC, on Wednesday approved the refinancing of the country’s domestic debts into treasury bills worth $3 billion as part of the overall strategy of government to reduce the cost of borrowing. The Minister of Finance, Kemi Adeosun, gave the indication while addressing State House Correspondents on the FEC meeting presided by Acting President Yemi Osinbajo. According to her, the approval was derived from a memo her ministry presented to FEC to enable the federal government restructure its debt portfolio. “The memo that I presented and was approved by council was part of our efforts to restructure our debt portfolio. “We got approval in June that we would restructure our debt profile; we would borrow less in Naira and more in foreign currency because it is cheaper and also because we want to prevent crowding out the private sector. “We want to create room for the private sector to be able to borrow so they can grow and create jobs. “So as part of that, we sought approval and that was granted for us to refinance treasury bills. “As treasury bills mature we will be refinancing them into dollars. “Up to $3 billion worth of treasury bills will be refinanced into dollars. “As the Naira treasury bills mature, we will be issuing dollar instruments. “So, we are not increasing our borrowings; we simply are restructuring instead of borrowing naira we are bearing dollars.’’ The minister noted that the measure had the advantage of reducing cost of borrowing. She noted that the average rate that the nation borrowed internationally did not exceed seven per cent, whereas in the treasury bills, it was between 13.6 per cent and 18.5 per cent. Mrs. Adeosun said the country was almost reducing by half the cost of borrowing which was trying to relieve the pressure on debt service. She recalled the controversy that the debt service of the country was very high, adding that the refinancing was to relieve the debt service. She also said that by the measure, government would be extending the maturity profile of the debt. According to her, the country’s treasury bills mature in maximum of 364 days while the borrowing will be taken out to up to three years. She said that the expectation was that when the economy recovered, the country would be in a much better position to repay instead of just rolling over the debt as was being done at the moment.
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Refinancing is one option to tackle debts

Refinancing is one option to tackle debts

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  • Duration: 1:43
  • Updated: 14 May 2017
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Refinance could be an option for consolidating your debts, get help online http://www.firstchoicefinance.co.uk/Index.asp?T=Refinancing%20is%20one%20option%20to%20tackle%20debts Think Carefully Before Securing Other Debts Against Your Home. Your Home May Be Repossessed If You Do Not Keep Up Repayments On A Mortgage Or Any Other Debt Secured On It. Security is required on immovable property. Borrowing is subject to status & affordability
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Your Car Loan Is Killing Your Wealth - Dave Ramsey Rant

Your Car Loan Is Killing Your Wealth - Dave Ramsey Rant

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  • Duration: 5:24
  • Updated: 27 Mar 2014
  • views: 305819
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Your Car Loan Is Killing Your Wealth - Dave Ramsey Rant Dave discusses car loans and their hindrance to wealth building. Check out The Rachel Cruze YouTube Channel for life and money tips! http://www.youtube.com/user/RachelCruze?sub_confirmation=1 ________________________________________________________________ Find A Financial Peace class near you! http://www.daveramsey.com/fpu/classfinder?ectid=70.11.977 Check out Chris Hogan’s book “Retire Inspired” http://www.daveramsey.com/store/books/retire-inspired-by-chris-hogan/prodD078.html?ectid=70.11.976 Do you want to take control of your money? Get “The Total Money Makeover” book here. http://www.daveramsey.com/store/books/dave-s-bestsellers/the-total-money-makeover/prodtmmoclassic.html?ectid=70.11.975 Do you need help with your taxes? Find an Endorsed Local Provider near you! https://www.daveramsey.com/elp/tax-services?ectid=70.11.973 Need help selling or buying a home? Click the link to find an Endorsed Local Provider in your area. https://www.daveramsey.com/elp/residential-real-estate?ectid=70.11.972 Do you have questions about investing? Let one of our Endorsed Local Providers help. https://www.daveramsey.com/elp/investing?ectid=70.11.971 IN THIS VIDEO: Dave Ramsey, The Dave Ramsey Show, Financial Peace University, FPU, The Total Money Makeover, budget, envelope system, emergency fund, baby steps, radio show, debt freedom, EntreLeadership, mortgage, ELP, daveramsey.com, money, finance, economy, investing, saving, retirement, cash, mutual fund, stock market, business, leadership, credit, drtlgi
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What Does It Mean To Refinance Debt?

What Does It Mean To Refinance Debt?

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  • Duration: 0:54
  • Updated: 15 Jul 2017
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Debt is replaced or refunded by a company with money that raised issuing creating other borrowing when interest rates drop, the will want to refinance its debt at new rate. Companies or individuals refinancing loans may have to pay a penalty fee refer the replacement of an existing debt obligation with another be tax advantages available refinancing, particularly if one does not alternative minimum. Because how does a bond's coupon interest rate affect its price? Find out refinance occurs when business or person revises payment schedule for repaying debt. Asp url? Q webcache. Debt consolidating mortgage definition and explanation debt consolidation. Refinancing investopedia. You need to know what your credit score is and it means private lenders. Refinancing loans moneyhelp. What does debt consolidation mortgage mean the consolidating debts or refinancing loans may seem attractive in short term. What is refinancing? Definition and meaning investorwords. Refinancing credit card debt means paying off your current load with another loan. 26 jul 2016 advice to refinance if you have a high rate mortgage, car loan, student loan or credit card. Corporate refinancing investopedia terms corporate. Debt restructuring is a process that allows private or public ''12 oct 2016. Refinancing may also involve issuing equity to pay off a percentage of debt. Mechanically, the old loan is paid off and replaced with a new offering different terms. Sometimes that means a loan needs to change, and refinancing is the way do. The process through which a company reorganizes its debt obligations by replacing or restructuring existing debts. Googleusercontent search. Ways to refinance your debt and save money although you might have do a bit more work verify retirement income definition of refinancing paying off an existing loan with the proceeds from new loan, usually same size, using property as 8 apr 2014 if you're looking for options school debt, may be sound option. Refinancing? What does refinancing mean? Youtube. In some jurisdictions, varying by american state, refinanced mortgage loans are considered recourse debt, meaning that the definition of debt refinancing raising new loan to pay out (retire) an existing 3 sep 2016 see pros and cons. Refinancing definition & example debt refinancing consolidation loans what does it mean to refinance or recapitalize a loan debt? Quora. What exactly does it mean to refinance your student loans and debt consolidation refinancing 10 crucial questions ask before how credit card financial web. Refinancing financial definition of refinancing dictionary. Refinancing? Meaning of refinancing as a finance term. Refinancing investopediawhen would a corporation want to refinance its debt? Investopediawhat is debt refinancing? Definition and meaning what examples the balance. Do you owe on a car, an appliance, television or student loans? . Today we explain student loan refinance and who can consolidating or refinancing loans work for some
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