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credit: Dan_H

If you’re steadily paying off your mortgage, you often don’t think about changing anything about the loan you have – you just keep paying, month after month, looking forward to the day in twenty years when the house will be yours. But there are some situations when it can be really advantageous to refinance your mortgage.

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credit: tomsaint11

In response to the market dip, many automakers are offering longer loan terms. More importantly, many car owners are biting, extending their loans to seven years or longer.

While these new loan terms may seem like a natural and logical response to today’s financial crush, they may be the downfall of many individuals and car companies. Unfortunately, auto analyst Kevin Tynan says that these practices are bubble-inducing, a dangerous factor in today’s economy, when the bubble is already bursting.
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