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  • What happens when you refinance your home loan?

    Asked by unknown
    1 Answers
    Refinancing is done to allow a borrower to obtain a better interest term and rate. The first loan is paid off, allowing the second loan to be created, instead of simply making a new mortgage and throwing out the original mortgage.
  • How do you get out of a car lease?

    Asked by unknown
    1 Answers
    One can get out of car lease as follows: a) Transfer Your Lease. Probably the easiest and most popular way to get out of your lease early is to transfer it using a 3rd party service such as Swap A Lease or Lease Trader b) Sell or Trade the Vehicle c) Return Vehicle and Pay Penalties d) Ask Leasing Company for Help e) Default on the Payment.
  • How long is a normal car lease?

    Asked by unknown
    1 Answers
    The average car lease "term", which is the number of months in the contract, dropped slightly from 42 months in 2003 to about 36 months in March 2011. It is even common now to see leases for as few as 24 months.