You probably remember the stress of closing your home loan when you bought your home. If you are now thinking of refinancing, you’ll go through some of the same stress. While refinancing isn’t as hard as buying a home, you still have some hoops to jump through in order to get your loan.Looking Read more
Must ‘Knows’ Before Refinancing Your Existing Mortgage
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
Pros and Cons of a No Closing Cost Refinance
Refinancing costs money. Any time you take out a new mortgage, the lender incurs costs. They pass those costs onto you. How you pay them is up to you. There are a few choices including paying them in cash at the closing; rolling them into your loan; and letting the lender pay them. The last two Read more
How Can You Avoid Home Refinance Penalties and Fees?
Refinancing your mortgage can get costly if you are not careful. In general, you can expect to pay between 3-5% of your loan amount in fees. This does not mean every loan will have such exorbitant fees, though. If you know where you can negotiate with lenders and how to avoid certain fees, you can Read more
Can You Negotiate Refinance Closing Costs?
Refinancing your mortgage means you will pay closing costs in one way or another. There are several ways to do it and even ways to negotiate refinance closing costs. Understanding what you need to pay, your options for paying the costs and which ones you can negotiate can help you make your Read more
