Jason C's blog
December 6, 2018 by Jason C
In Dallas, many people are choosing to refinance their homes in order to benefit their financial bottom line. Refinancing is a relatively simple concept, but it gets more complex when you consider the reasons to refinance coupled with the range of benefits--as well as things you need to look out for—during the refinancing process.
What Does Refinancing Mean?
Refinancing is a way of either reducing your mortgage payments or getting capital by borrowing against the current value of your home. When you buy a home and get a loan to do so, a lender gives you the money to make the purchase. This is done for a cost, which is decided by the interest rate. When interest rates nationwide drop, many people can save money each month by refinancing the amount they owe with a new—or the same—lender. Let’s consider a simplified example.
Refinancing to Lower Monthly Payments
Mark and Janice buy a home in Dallas for $300,000, put 10% down, and get an interest rate of 6.5% when they close the loan. With insurance included, they end up paying $2,284.33 a month. A couple of years later, they feel they can get a better interest rate and decide to refinance. They are able to get an interest rate of 5%. Their monthly payment then drops to $2,001.44 a month. They are now saving about $283 every month because they refinanced their mortgage.
Refinancing to Pay off Your Home Sooner
You can also refinance in order to make it so you pay off your home sooner. For instance, you can switch from having a 30-year mortgage to having a 15-year mortgage. This means you will own your home free and clear much sooner. Also, because you will be paying more towards the principle each month, the amount of equity you have in your home will go up quicker. Equity is how much the home is worth minus how much you owe. As you take bigger chunks out of the amount you owe each month, the amount you owe drops faster.
Refinancing to Get Cash
It’s common in Dallas to refinance in order to get some money that can be used for a number of things. Dallas homeowners do this when they feel their home is worth more than they owe, and they would like to use some of that equity in order to make a purchase of some sort. There are some refinancing arrangements that specifically target home remodeling projects. In a situation like this, the lender takes a look at how much your home is worth and then if there is enough equity in your home, the amount you need for the remodeling project is borrowed. This amount is then added to the amount you owe on your home, and your monthly payments change to reflect the new amortization schedule. An amortization schedule is the list of payments you have to make on a loan.
Some Drawbacks of Refinancing
When you refinance at a lower interest rate, there are few—if any—drawbacks. However, refinancing in order to borrow against the equity of your home is likely going to increase the amount of time you have to make payments on your home. It also may increase the amount of money you pay each month, depending on the interest rate you get. If you were to refinance at a lower interest rate and not borrow against the equity in your home, you could put the money you would have paid towards your new, lower mortgage payments, and chip away at the principle much faster.
There are many options for refinancing in the Dallas area. Either way, you have to decide carefully what is going to be right for you and your family’s short- and long-term goals.
Article was written by: https://rodneyanderson.com/
November 20, 2018 by Jason C
Sometimes, you end up a bit short on cash and need some extra money to pay some bills or to cover an emergency that cropped up. You don’t have the money in the bank, and you don’t know what you are going to do to pay for your car repair or plumbing repair. There are countless reasons that you might need to have cash when you just don’t have it. Fortunately, there are some things that you can do to help ease the situation, such as borrowing money through a payday loan. However, before you sign up to receive one of these loans, it is important to keep a few tips in mind, so you are using them wisely.
Useful for Emergencies, but Think About Your Purchases
When you have an emergency that you need to take care of, it can be reassuring to know that there is the backup of a payday loan, just in case you need it. However, many people find that there is a temptation to spend money from these loans on things that they do not truly need. While you are able to spend your money on anything that you would like or need, you should always think about the best use for the money and not just buying items that you might want, such as a new game console or a large television set. Make sure your priorities are in order.
Understand the Loan
Many people who are desperate for money will sign up for a payday loan without realizing just how much interest they will need to pay. Always make sure that you know the amount of interest you have to pay and how much you will be paying for the entire loan.
Do Not Use Multiple Lenders
One of the mistakes that people sometimes make is getting in over their head with the payday loans and then taking out other payday loans to pay off the first. This is only going to get you into more trouble. Only have a single loan out at a time and pay if off before you try to get another loan.
Finally, you should always make sure you are working with a reputable company when you are getting a payday loan. Learn more about how they do business, read their FAQs, and ask any questions that you might have before you take out the payday loan.
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November 15, 2018 by Jason C
Lou Mitchell's has fresh banana pancakes that are amazing, if we may say so. Now, we can't give away our secret recipe, but we can mention a few of our favorite banana pancake recipes that you can make at home.
1. BROWN SUGAR BANANA PANCAKES: Tender and fluffy Banana Pancakes sweetened with brown sugar and flavored with vanilla. The best Banana Pancakes EVER!
2. BANANA PANCAKES: These pancakes came out super delicious and were the perfect breakfast for a beautiful Sunday morning.
3. Light & Fluffy Banana Pancakes: These light & fluffy banana pancakes are like banana bread in pancake form. Start your morning with this easy recipe!
4. Our own Banana Pancakes: http://www.loumitchells.com/menu/1-breakfast
November 15, 2018 by Jason C
This year's holidays are fast approaching. For many, that means cold temperatures and traveling to visit with family and loved ones while spending hours smooshed in a tight airplane or car seat. If you have ever gone on a plane or long car ride and taken your shoes off and found it difficult to put them back on, here are some tips to make things easier.
1. Take A Walk
Getting up and walking around every hour or two can help circulation and help prevent deep vein thrombosis (DVT). If you're driving, walk around when you stop for gas, to eat, or even just for a snack.
2. Wear Comfortable Clothing
Tight clothes can impede circulation, and that is what you don't want. Wearing looser clothes for the journey will help.
3. Stay Hydrated
You can easily become dehydrated on a plane and not know it. Skip the booze and stick with water or something similar. This will help your circulation and overall health.
4. Do Stretches
You should be able to flex your legs and arms while in your seat, even if you can't fully get up and move around. Feel free to do this as often as you like.
5. Consider Compression Stockings
If you are at risk for vein issues, compression stockings can aid in preventing DVTs while traveling. Compression stockings prevent leg swelling and allow blood to flow properly through your legs.
In conclusion, the journey is often worth it for the destination. Keep these tips in mind as you travel and stay safe.
The Milligan Vein Clinic: https://www.milliganvein.com/
November 15, 2018 by Jason C
Our urgent care clinics can save the day when you or a loved one has an immediate medical need. Here are some tips to help you get the most out of your urgent care visit.
http://www.mylocalurgentcare.net/ - Welcome to Urgent Care. When you have an injury or have become sick and need medical treatment fast, waiting just isn’t an option. The staff at our Crestview, Niceville and Perdido Key Urgent Care clinics treat conditions that require prompt attention but are non-life-threatening.
November 14, 2018 by Jason C
Here are some of our top tips in reducing varicose veins.
November 14, 2018 by Jason C
Want to find ways to make garbage chores easier, and reduce waste during te school year? Check out our top tips below on hor your home can make things easier on the plant, and yourself.
https://relyonred.com/ Welcome to First Piedmont Waste Solutions of Virginia & North Carolina. Providing Disposal, Recycling and Dumpster Services in Danville, Durham, Martinsville, South Boston, Reidsville, Eden, Roanoke, and Lynchburg.