Italian composer Gioacchino Rossini once said, “Give me a laundry list and I’ll set it to music.” Imagine the composition he could have been inspired to create with a list of documentation needed for a mortgage refinance!
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Horror films like Scream 2, Sorority House Massacre, and Night of the Creeps take place on college campuses. But as frightening as these films are, nothing is quite as scary as not finding enough money to pay for college tuition. With the cost of a four-year education ranging anywhere from $26,000 to $140,000 annually, it’s no wonder that parents are having nightmares. If you have equity in your home, you may be able to use a cash-out mortgage refinance to help raise necessary funding to give your child the education she deserves.
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Horror films like Scream 2, Sorority House Massacre, and Night of the Creeps take place on college campuses. But as frightening as these films are, nothing is quite as scary as not finding enough money to pay for college tuition. With the cost of a four-year education ranging anywhere from $26,000 to $140,000 annually, it’s no wonder that parents are having nightmares. If you have equity in your home, you may be able to use a cash-out mortgage refinance to help raise necessary funding to give your child the education she deserves.
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When Oprah Winfrey gave everyone in her studio audience a free car, TV Guide named it one of the greatest moments in television history. But once the recipients got over their amazement, they were in for a different kind of sticker shock – each winner was required to pay up to $7,000 in taxes for the grand prize. While it was a great deal for the 276 winners, it still came with a hefty price tag.
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There are lots of facts to focus on when you’re shopping for a mortgage refinance. If you overlook some key points, though, you may be making the same mistakes as many mortgage shoppers before you. You can avoid getting caught in traps now that could have negative consequences later by knowing what these potential pitfalls are and avoiding them.
Control your cash-out
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