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41°
Saturday, nov 23
Tag:
Refinancing
Lifestyle
New Laurel Road Study Shines Light On Millennial Debt And Earnings
While a college degree is often a necessary kick-starter for a successful professional career, the monetary investment required has created an alarming system of debt and financial arrears for the next generation of men and women in the workforce. “While student loan debt is referred to as everything from a burden to a national crisis, one thing is evident: recent graduates, especially women, are lacking adequate support in the form of financial education, which is negatively affecting their long-term financial outlooks and opportunities,” said Alyssa Schaefer, chief marketing officer of Lau…
Real Estate
Looking To Refinance A Home? Laurel Road Explains What You Need To Know
For homeowners who have built equity in their current property and are seeking additional money for renovations, upgrades or other life events, refinancing a mortgage through a cash-out refinance offers the chance to access additional funds without the need for a traditional loan. In these loans, a new mortgage is financed for an amount larger than the current total, with the difference being paid in cash to the homeowner. Several benefits of a cash-out refinance include low interest rates, flexibility to use the money at the homeowner's discretion and a variety of tax advantages. However, …