It’s true. Mortgage rates have slowly gone up since the rates dropped July of the previous year. Following the historic Brexit which pushed mortgage rates to the record-low 3-percent range, the only Fed hike in December, coupled with results from the latest presidential elections have contributed to Read more
Archives for December 2016
How are the Title Examination and Title Insurance Different?
There are many requirements you must meet when you purchase a home. You have to qualify for the loan financially as well as meet state and local requirements. Aside from the fact that you must be able to pay your taxes and have homeowner’s insurance, you must have title insurance. This is not the Read more
Should You Consider a Refinance Rate Lock?
A refinance rate lock is like a mortgage rate lock for refinancing purposes. It protects you from further rate disruptions given today’s rate environment. If you haven’t done it when you purchased your home, you might want to explore the concept of a refinance rate lock and how it can possibly Read more
Could Homeowner’s Lose the Mortgage Interest Deduction?
The mortgage interest rate deduction saves many homeowners thousands of dollars on their taxes. With the new administration coming into the White House in January, rumor has it things might change. President Elect Trump does not have any qualms about putting a much smaller cap on the interest rate Read more
Mortgage Terms to Learn Before Refinancing
You already have a mortgage, so you assume you know everything about refinancing. This may not be true, though. There are some differences between a purchase mortgage and a refinance mortgage. Before you start the process, familiarize yourself with these terms. This will enable you to know the right Read more
