Faith and Finance

Kartik Varma, Co-founder of iTrust Financial Advisors, explains home loan refinance or balance transfers as they are popularly known and things to keep in mind before initiating a halance transfer.
Video Rating: 5 / 5

Question by jawsnu7: How and when can you refinance a auto?
Is it a good practice to refinance a car or truck. I recently purchased a home and the payment is somewhat large. I was in need of transportation before I purchased the home. I was thinking It would hinder the mortgage process if I bought a new vehicle before the house. I want to know is it worth refinancing the auto to make my money and budget work out. I did not buy this auto just to be buying, I bought it because of need and the condition of my 92 van is horrible. There is no heat and many other things.
Any advice is appreciated.

Best answer:

Answer by g_neva
there a strict rules on refinancing vehicles depending on the lending company – such as age, mileage, etc. you should try to lower your interest rate by at least 3 points, but you don’t want to extend your term either. try citifinancial auto, they do refi’s and you can do it online

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