When Should I Lock In Mortgage Rate?
When Should I Lock In Mortgage Rate? If you begin purchasing a house and see news that mortgage rates are hitting new lows, you might consider losing these low-interest rates after completing the loan. The slight differences in interest rates can save you or costs thousands of dollars during the ...
6 Benefits to Refinancing Your Home
You might not consider it at first, but there are many benefits to refinancing your home. Refinancing may be a good option if you intend to reduce the interest rate cost on your mortgage or repay your home loan faster. It's no secret that interest rates are constantly in flux ...
Interest Only Mortgage And How They Work
Consumers looking to finance a home will be pleased to learn that interest rates are now at historic lows. In today's low-rate interest market, you may be considering mortgage options in a new light, such as having a mortgage that allows you to pay the least amount of interest. While ...
What Are Mortgage Overlays?
You work hard to settle your financial debts, improve your credit score, and save a substantial down payment for your new home. Consequently, you applied for a mortgage and thought it would be approved, but you were denied. Despite meeting the general financing guidelines, specific lender requirements called mortgage overlays ...
No-Closing Cost Refinance Explained
Mortgage refinancing is succeeding over other loans due to multiple reasons. Homeowners typically save money by refinancing when the interest rate is lower than they are currently paying. Cash-out refinancing may allow borrowers to use their home equity to spend on house renovations or debt consolidation. Furthermore, they provide options ...
Four Ways to Save Money on Your Home Mortgage
When you analyze your finances, your housing expenses are likely the highest cost in your budget plan. According to the United States Census Bureau, the average monthly mortgage payment in the United States is $ 1,200. Nevertheless, it does not cover additional charges related to homeowner insurance and real estate ...






