Five Reasons to Refinance
1. Lower your interest rate. Compare mortgage rates and see how yours compares to rates being offered today. Even a slightly lower interest rate could save you money on interest Rita C. Feasenmyer payments in the long term and may be just enough lower that you could afford to make the switch to a shorter loan term. 2. Shorten your loan term. If you’ve been paying down your principal for several years and perhaps have even made some extra payments to reduce the balance faster, check out what your loan payments would be if you refinance into a 15- or 10-year loan. Depending on the balance of your loan and the interest rate, your payments could be the same as what you’re paying now or just a little higher. By shortening your loan term, however, you can potentially save thousands in interest payments as well as become mortgage-free faster. 3. Combine your current mortgage loans. If your home-equity loan or line of credit has a higher interest rate than your current first mortgage, look into the possibility of refinanc-
ing both loans to see if this can reduce your monthly payments overall. In addition, some home-equity lines of credit have a reset date when you stop paying interest only and must begin to repay the principal. You may want to refinance before your minimum payments jump. 4. Take cash out. If you’ve got other highinterest debt such as credit-card debt and your home has increased in value, this may be the time to consider refinancing to pay off your credit cards. Be careful that you have the discipline to avoid going deeper into credit-card debt and that you can comfortably afford your new mortgage payment. 5. Reduce your loan balance. You may want to do a “cash-in” refinance and pay down your mortgage balance to eliminate private mortgage insurance payments or to qualify for a lower mortgage rate. Some borrowers use the combination of a refinance and prepaying their loan to become debt-free faster. For additional information or a free analysis and pre-qualification, Rita C. Feasenmyer Sr. Loan Officer EVB Mortgage Direct 804-504-7971 Cell 804-337-0905
Resources can make a difference in the life of a caregiver Every day 65 million Americans serve as caregivers for loved ones suffering from Chronic Illness. Bill Humphreys has been the caregiver for his wife for over 10 years. Bill and his wife Melanie have together shared Bill Humphreys many special experiences and have learned countless life lessons; the most important is that as a caregiver YOU ARE NOT ALONE! Bill is the past chairman of the Crater Caregiver Coalition, and currently serves on the Central Virginia Multiple SclerosisProgram Board. He is a founder of Partners in Healthcare, works daily as the Physician and Community Liaison for Crater Community Hospice; and is the Chairman of the Colonial Heights Food Pantry. Bill has developed a strong passion for educating the community and the challenges caregivers and their families face every day with obtaining services, programs, and resources that are helpful. Bill enjoys giving back to the community as a speaker to faith groups, civic organizations, and employees of local businesses about providing essential advice and support
about the burden of caregiving. Bill discusses 10 tips for Family Caregivers 1. Caregiving is a job and respite is your earned right. Reward yourself with respite breaks often. 2. Watch out for signs of depression, and do not delay in getting professional help when you need it. 3. When people offer to help, accept the offer, and suggest specific things they can do 4. Educate yourself about your loved ones condition and how to communicate effectively with doctors. 5. There is a difference between caring and doing. Be open to technologies and ideas that promote your loved ones independence. 6. Trust your instincts. Most of the time they will lead you in the right direction. 7. Caregivers often do a lot of lifting, pushing, and pulling .Be good to your back. 8. Grieve your losses, and then allow yourself to dream new dreams. 9. Seek support from other caregivers .There is great strength knowing you are not alone. 10. Stand up for your rights as a caregiver and a citizen. To learn more about scheduling Bill to speak to your group or organization call 804-712-8309
COLONIAL PLUMBING & HEATING CO. Colonial Plumbing & Heating Co. is a customer focused plumbing, heating and airconditioning company that was originally started in 1982. Located in Colonial Heights, VA, we employ highly trained people whose goal is to make our company the best service company in Central Virginia. From the professionalism of our sales consultants, to the dedication of our field personnel, we are dedicated to delivering you the best. We take our responsibility very seriously when you place your trust in us. We pledge to always tell you up front what your cost will be to complete your job correctly.
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