When you think of refinancing, you automatically think of saving. It allows you to lower your current interest rate and reduce the loan term. Some refinancing options even allow some cash-out. The goal is to save more money.While this is true, it is not always that when you refinance you Read more
Archives for March 2017
A Mine of Key Mortgage Terms for Homebuyers
April is a fine time to bask in the spring sunshine to shop for homes. It is also considered as Financial Literacy Month. In anticipation of this, we will not look far and go over concepts close to homebuying such as mortgages, downpayments and closing costs. Come to think of it, these technical Read more
First Time Home Buyer Tips: How to Negotiate Repairs
As discussed in one of my articles, a home inspection is a vital part of the home buying process. It allows you to identify issues with the property and know if there are needed repairs that have to be done on the property.Now, the results of a home inspection can be grounds for negotiation. Read more
How to Compare Refi Offers
It’s a common tip that you can find in every refinancearticle. Finding plausible options and comparing them is a necessary practical step before forwarding your loan application. But how do you exactly do a comparison?This article focuses on this common question, giving you a checklist of things Read more
Homebuying Question: Conforming or Jumbo Loan?
In homebuying, the choice does not end with government and conventional loans. You also pick between conforming loans and jumbo loans. Their primary difference is in their adherence or not to Fannie Mae and Freddie Mac standards and resulting in varying underwriting guidelines. Pay attention to what Read more
