Refinance? First, see whether you will save (Sun-Sentinel)
December 23rd, 2008 adminMore info…
When mortgage rates fell below 5 percent last month, broker Jeff Perdue’s phone lines lighted up as dozens of people tried to join the latest refinance boom. When the ringing stopped, only five were approved.
Realty Q&A: Does it make sense to refinance now if a sale is planned later? (Market Watch)
In May 2007, I refinanced to consolidate mortgage and home-equity loans. The new loan is an interest-only, five-year Libor ARM at 6.38% which will reset in June 2012. I am retired and hoping to sell within a year, but if values keep dropping I could be looking at a short sale. Now I’m being offered an opportunity to refi again into a 30-year fixed-rate loan at 4.88%. Is it really worth it? …
OZ Minerals Secures A$140 Million Bridging Loan (Update1) (Bloomberg)
Jan. 22 (Bloomberg) — OZ Minerals Ltd. , the worlds second-largest zinc miner, secured a bridging loan of as much as A$140 million ($92 million) to maintain operations as it seeks to refinance at least $560 million of debt by next month.
