Is Refinancing Right For You?
In today’s housing market, many homeowners may see advantages in refinancing their homes. Individuals impacted financially by the mortgage crisis in the early to mid-millennia have taken advantage of low rates and have refinanced, in some instances, multiple times. So, you may wonder, is refinancing right for you? Well, there are a number of things […]
Reduce Your Debt-To-Income Ratio
In the wake of the home finance crisis that began in about 2008, obtaining a mortgage is now more difficult than it was before, but knowing the obstacles will help prepare you for buying a home. Today’s lenders want to avoid the mistakes that bankrupted yesterday’s lenders. Additionally, Government Sponsored Entities (GSEs) Fannie Mae and […]
Choosing A Refinance Company That’s Right For You
There are many different motives behind why homeowners may choose to refinance their mortgages. Perhaps they are simply trying to obtain a lower rate, shorten the length of their mortgage term, switch mortgage types, or any other number of reasons. However, regardless of their intention for refinancing, deciding on the perfect lender for their specific needs […]
What You Need To Know About HELOCs And The New Tax Reform Bill
On December 20, 2017, President Trump signed into the law the Republican tax reform bill which went into effect at the start of 2018. With that, a number of changes have been made to our tax code, specifically, home equity loans and lines of credit. In the new bill, you can no longer claim a […]
Our Best Mortgage Tips For 2018
Are you purchasing or refinancing a home in 2018? Check out our mortgage tips to help you have an awesome mortgage this year! Tip #1 – Build up your reserve savings You may have enough for your down payment and closing costs but if the payout depletes your savings, you could still run into some […]
Don’t Let The Fear Of Rising Rates Take You Out Of The Race!
With a new government administration set to take office, the mortgage industry is in for some changes, which is to be expected with any new elected president. Since the election, Americans have seen an aggressive increase in mortgage rates, which are currently siting at their highest level since May 2014; that, along with the news […]
Refinance Applications Drop As Purchase Applications Rise
The post-Brexit refinance frenzy seems to have leveled off, but that doesn’t mean borrowers aren’t taking advantage of current low rates; purchase applications have started to see an increase. According to data, refinance applications fell by 1% this week after seeing an increase of 24% over the past 4 weeks, while purchase applications saw a 23% […]
Why Now Is A Great Time For A Mortgage Refi
Mortgage rates continue to linger near all-time lows and refinance applications are through the roof. With the 30-year fixed rate sitting just above the all-time low rate at 3.52% (the record low being 3.5%) you can see why so many borrowers are taking advantage of these rates. The end of the July 1st week saw a […]