One thing that is puzzling to many people who really want to live a self-sufficient lifestyle is how to get their own house in the country. Or how to hang onto the one they presently own. It is hard these days with the cost of our necessities being priced out of our budgets. What can you do?
If you already own your own home, but have a high mortgage payment, that is the first place to start. FHA Streamline Refinance is offered to people who already have a FHA or VA loan. It is the best option to cutting your high interest rate to make the payment more affordable. You will be approved immediately because you already qualify. It is fast and easy, as you do not have to fill out more paperwork and submit more documents. They will use your original paperwork from your present mortgage loan. This type of refinance will cut your interest and payment both!
Military VA Loan may be another option for you if you are a veteran or your spouse is. VA loans are at an all time low. Taking a VA refinance loan will give you the opportunity to change from an adjustable rate to a low interest permanent fixed rate mortgage. This could save you hundreds of dollars. There are many pluses to refinancing that VA loan you already have. Talk to someone about it and see what they can do. It doesn't hurt to check it out. Just may save you a lot of money every month!
I hope I have given you a couple of ideas that just may help you decide on a way to cut down some of your present expenses. As we all know, this is a depression we are presently in. To get through it, you need to do what you can now. If you had to move from your present home, that would be a lot more expenses. Just cutting your payments could be the option you are looking for!
|Copyright © 2011 Kathleen G. Lupole|
All Photographs Copyright © 2011 Kathleen G. Lupole