When you buy your future home and take out a mortgage, you will likely be locked into a specific interest rate. However, you can refinance your mortgage to change how much you pay, and for how long.
The main advantage of refinancing is reducing your interest rate. If you have a variable loan rate, refinancing is a great way to get into a fixed rate mortgage.
People also refinance their mortgages to shorten the length of the mortgage term. The market average is a 30-year mortgage. When you refinance you can shorten your term to a 15- or even 10-year term.
Steve Hill, CEO & President of Las Vegas Convention and Visitors Authority, talks all things Sin City including transportation news, nightlife and the Sphere!
AI is revolutionizing credit scoring by analyzing diverse data sources, enhancing accuracy & financial inclusion for those lacking traditional credit histories.
Founder & CEO at Align Business Advisory, Dena Jalbert, joins Cheddar to discuss the future of the M&A space and which sectors to watch out for. Watch!
Working five days a week has long been the corporate cultural norm. But some companies are exploring the option of letting employees work four days a week.
After a two-year-long high, interest rates are coming back to earth. So what happens next? Plus: Boeing's woes, UAW may strike, and of course Elon's World.
PLUS: American Eagle marks 30 NYSE years with a record stock high. CMO Craig Brommers discusses Gen-Z trends and collabs with Coco Gauff and Trevor Lawrence.