Cost is one of the major considerations for refinancing. Maybe your home value appreciated and you now have significant equity on your property for a cash out. Or maybe you want to lower your mortgage payments and take advantage of today’s rates before it continues to increase. But where will you Read more
Saving on Your Mortgage Closing Costs 101
Whether you are applying for a purchase or refinance mortgage, you are bound to pay closing costs. The settlement of these costs and fees is part of the mortgage process; they are inevitable but can be lowered or negotiated. Indeed, we have gathered a number of tips that will help you lower your Read more
Is It Too Soon to Refinance Your Mortgage After Buying a Home?
How soon one can refinance a mortgage after buying a home is a common question among homeowners. While refinance affords a good opportunity to save thanks to a lower rate, costs and fees are to be factored in. What do you wish to achieve when you refinance?Is your goal to: (i) lower your rate Read more
Don’t Fall For These 3 Refinance Traps
The premise of refinancing is good. It empowers the homeowner to change some aspects of his/her mortgage for the best outcome possible. Nonetheless it matters to think things through beforehand and not succumb to the temptation of too-good-to-be-true rates and savings. Be realistic and don’t fall Read more
A Senior’s Guide to HECM Refinance Costs
One primary requirement for any HECM refinance is meeting the refinance benefit factor. Simply put, your benefit from the refinancing should be five times more than the costs associated with the refinance. Refinancing your existing Home Equity Conversion Mortgage can be costly and would thus not Read more
