Refinancing seems to make sense in any situation. Who wouldn’t want to get a lower payment, right? While it sounds good in a perfect world, there are certain times when it doesn’t make sense to do so. We’ll show you how to figure out your break-even point and learn what refinancing does to your Read more
Refinance Options for Homeowners With a Low Credit Score
If you have a low credit score, you might think your chances to refinance your loan are out the window. Not so fast, there may be some options available to you, especially if you have a government-backed loan.Compare Offers from Several Mortgage Lenders.Even if you don’t have an FHA, VA, or Read more
Are Interest Rates Higher for a Cash Out Refinance?
There’s one thing most borrowers worry about when getting a new mortgage – the interest rate. So it’s no wonder people worry about the interest rate when taking a cash out refinance. The talk is that rates are higher with this type of loan; is it true?Compare Offers from Several Mortgage Read more
Mortgage Rates for Long-Term Loans Hit Record Low in 2017
This week, rates for mortgage loans with a 30-year fixed loan term had dropped to its lowest this year. The progressive decline in rates continued for six consecutive weeks. This is according to the The Washington Post report yesterday, September 7.Average 30-year fixed rates dropped Read more
Get To Know The Different Types Of Refinance Loans
People decide to refinance their existing loans for varied reasons. Homeowners usually decide to apply for refinance loans either to change the current terms of their mortgage, tap the equity built from their property over the years or try to score a mortgage to a lower interest rate.But before Read more
