Mortgage Refinance

Does it make sense to refinance your mortgage? How do you know if a re-fi loan is right for you? Here are 5 things to think about if you are ready to make a change, and one thing to watch out for. 1. Lock In Your Interest Rate Some home financing options, including home equity loans,…

When your mortgage doesn’t match your financial situation it can cause a lot of stress. You don’t need to be trapped with a high-interest or variable-rate mortgage when there are other options available. But which one should you choose? Is it better to refinance your mortgage or take out a home equity loan? Not everyone…

With Fannie Mae and Freddie Mac now marking their tenth year of conservatorship, NAHB today called on Congress to make it a priority to enact comprehensive reform to the nation’s housing finance system. “To ensure a stable housing finance system that will support the future of homeownership and affordable multifamily housing in America, Congress must…

Interest rates have been creeping higher, but they’re still pretty low when you look at their history. Meanwhile, housing prices — which were crashing 10 years ago — have been on a steady climb. Refinancing could be an excellent way to lower your mortgage rate and cut your monthly payment, or tap into your home’s rising value. But…

Buying a home is a big financial decision, and for many people, obtaining a mortgage is a necessary part of the process. However, once you have a mortgage, you may find yourself struggling to make the monthly payments. Fortunately, there are several steps you can take both before, and after signing on the dotted line…

Ready to Refinance? Defining goals is the first step when looking to refinance.  Refinancing a mortgage is most frequently done to lower payments, shorten loan terms, or obtain cash out. Reduce Your Payment If interest rates are lower than when you bought your home, you may be able to reduce your mortgage payment! To learn more…

Getting preapproved for your mortgage is an important step to take when you are ready to shop for a home. It shows sellers that you’re a serious homebuyer and that you can secure financing — which allows you to shop smarter and make stronger offers! Let’s look at what it means to get preapproved and…