How to Ask for a Lower Interest Rate

You’ve heard the old saying… it can’t hurt to ask… And when
it comes to your credit card interest rate, just asking the bank to
lower your rate could save you hundreds, even thousands of dollars.

Below is a video of four people calling their credit card companies to ask for lower interest rates. Of the four, three were successful. So, it is possible to get your interest rates lowered, just by calling.

Is saving a few hundred dollars a year in interest charges worth a few minutes on the phone? Take a listen and decide for yourself…

Should You Refinance?

The Fed reduced rates once again this week.  This usually causes many people to wonder… should I refinance my mortgage?

Refinancing offers many benefits but if you’re considering it, there are some things you need to know.  Let’s take a look at the benefits first, then answer a couple of questions you might have about the process. 

Benefits of refinancing:

#1:  Save money.  If your mortgage is currently at a high interest rate, now might be a good time to refinance at a lower rate.  Refinancing not only reduces your monthly payment, but could save you thousands in interest over the life of your loan.