Saturday, March 14, 2009 

Mortgage Refinancing to Pay for a Child's Education

Paying for your childs college tuition is very expensive. Many parents save for college throughout the childs life; however, the rising costs of tuition is stretching many families savings to the limit. If this describes your financial situation, refinancing your mortgage and taking cash back could be the answer to your childs tuition expenses. Here are several tips to help you refinance your mortgage without losing your shirt in the process.

For many attending college, student loans are the only options available to them for financing their education. There are other options available for parents that will not place a financial burden on their children upon graduation. Refinancing your mortgage has many advantages over taking out student loans; because the mortgage is secured by your home the interest rate will lower.
Homeowners refinance their mortgages for a variety of different reasons; paying for college is a common reason for refinancing the loan. There are risks associated with refinancing your mortgage loan. If you fall behind on the payments the lender will foreclose on the mortgage and take your home.

If you have decided to finance your childs education using the equity in your home, refinancing will save you money over other types of home equity loans. It pays to comparison shop from a variety of different mortgage lenders. When you compare loan offers, make sure you compare all aspects of the loans, not just the interest rates. You can learn more about your mortgage refinancing options by registering for a free mortgage guidebook.

To get your free mortgage guidebook visit RefiAdvisor.com using the link below.

Louie Latour specializes in showing homeowners how to avoid common mortgage mistakes and predatory lenders. For a free copy of "Mortgage Refinancing: What You Need to Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com.

Claim your free guidebook today at: http://www.refiadvisor.com

Mortgage Refinance College Tuition

 

Thinking About Car Donations?

Why would anyone put their car in as a donation? Car donations are a great way to help the less fortunate. Providing anything that you no longer need and use to those who can is a great thing to do. But, who in the world has an extra car lying around? How can you benefit from a car donation yourself?

Car donations are undoubtedly a great opportunity to show you care. But, not all of us actually have that extra car. So, how can you be this generous anyway? Car donations do not usually come from people who have an extra. Instead, people often donate their cars when they no longer need them because they are purchasing another or no longer can drive. While it is true that most individuals who do make car donations do so because they can not get a good trade in value for their current car, others simply do so because it is the right thing to do. Perhaps you will pay for your next vehicle completely, so you can afford to donate your car instead of trading it in.

Whats more is that the trade in value of most cars is far less then what the car is actually worth. Sometimes a car that is in quite good shape, runs well, but is aged can cause its worth to be very low. What are you going to do? You can try to sell it, perhaps someone will want it. But, if there is no one to purchase it, the best thing for you to do is to donate it to a worthwhile charity. Most charities do require that the car be running and in decent shape. But, think for a minute what the benefits of your donated car are to that person who needs it to get to and from work. Think of how you are helping to improve another individuals life? Car donations, well, they are pretty good things! Besides car donations can be used as a tax deduction in most states.

The Car Donations Resource Site is an all-in-one resource for everything about Car Donations.