When should you refinance your mortgage?
If you can get a lower interest rate it may be time to refinance. But get the most out of your refinance by thinking strategically about your long-term financial goals.
If you can get a lower interest rate it may be time to refinance. But get the most out of your refinance by thinking strategically about your long-term financial goals.
In order to finance your mortgage, a lender needs to do a deep dive into your finances. That way, they know how much to lend you based on how much you’d realistically be able to pay back. But this takes precious time in a competitive market.
With mortgage rates rising, homebuyers are looking far and wide for other ways to afford their home loan. This search has led many to Adjustable Rate Mortgages. Find out why and if this option is right for you.
You know there’s a rulebook for applying for a mortgage. But is there anything you should avoid? Here’s what they are and how to avoid them.
Mortgage rates may seem high now but they were much higher 30 years ago. Here are the lessons we can learn from the last time rates spiked.
Since mortgage rate hikes discourage new buyers from entering the market, buyers who stick it out may have a better chance at winning their home offers.
APR includes fees and costs associated with obtaining the loan in addition to the interest rate, all expressed as an annualized rate.
Usually, jumbo loans are used to buy more luxury real estate, but they are more and more common in highly competitive markets where single-family home prices are soaring.
Understand the differences between primary residences, secondary residences, and income properties from a mortgage lender’s perspective.
When choosing a lender, consider who the mortgage company is, what types of mortgages they offer, and closing costs.