dmmatic asked:


My parents purchased house 3 years ago and at that time they were told they should refinance their house.
They have two loans:
Loan 1) $134,900.00 - 360 months - 6.375% - Monthly Payment 673.38
Loan 2) $44,975.00 - 360 months - 8.750% - Monthly Payment $358.04

Loans that they have are from two different companies. Because of the financial situation now, should my parents go and refinance their house?

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Dalton C asked:


I want to refinance my current auto loan, and i don’t know alot about refinancing because i never did it before. First, how many payments do i have to make on time before i can check with different companies about refinancing? Some people have told me you can refinance after 6 months of on time payments. Second, how much will my payments or interest rate drop from my current rates? Third where is the company/bank to go for refinancing?

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