Refinancing is the process of taking out a new loan to replace an old one. The steps you take are similar to those you took when obtaining your original mortgage. You fill out a mortgage refinance form and submit it along with financial documents and credit information, and then wait for the lender’s approval. If approved, the new lender pays off the old loan, and you begin making payments to your new lender. Homeowners choose to go through the process again for several reasons, but the main reason is usually that the new loan offers key advantages over the old one.

5 Creative Ways to Save Money

When you’re living paycheck-to-paycheck and struggling to pay off your debts, saving money can feel like an impossible pipe dream. But you’d be surprised how the small act of getting creative in finding ways to save money can pay off. Commit to better financial health with these five easy-to-follow habits:


Rainy days can be peaceful and relaxing — unless, of course, the roof starts leaking and you suddenly have an unexpected expense and no funds for repairs. Emergency funds are used to cover expenses for all kinds of unforeseen situations, from medical bills to housing repairs. Without any savings, both individuals and families can get a real shock when problems arise. Emergency funds should amount to at least $500 to $1,000 kept in a savings account you do not touch unless you have a real emergency. It’s smart to save on a daily basis — in ways that don’t stress your budget — so you are always prepared for that inevitable emergency in the future.

Everything You Need to Know About Debt Relief

If you’re like so many Americans and have debt, you may feel like you’ll never dig your way out. But relief could be closer than you think. There are many little-known solutions that are available to help consumers get back on track financially and reduce the stressful burden that comes from debt. Learning more about debt relief programs and debt consolidation loans can help you find the answer to your worries once and for all.