Refinance

The Mortgage Refinance Process: Complete Step-by-Step Guide and Timeline

Most homeowners know what a mortgage refinance is, but aren’t necessarily familiar with the process and many steps that take place along the way. If you’ve never refinanced your mortgage, or haven’t in a while, it can be beneficial to refresh your memory so you know what to expect. Whether you’re looking to refinance your… Read More »The Mortgage Refinance Process: Complete Step-by-Step Guide and Timeline

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Monthly Mortgage Payments Have Just Hit the Highest Level on Record, Surpassing Housing Bubble Heights

If you’re in the market to buy a home or refinance an existing mortgage, you know conditions aren’t ideal at the moment. Heck, the 30-year fixed was pricing about a percentage point lower just a month ago, so that alone is enough to drastically change the calculus. Today, you’re looking at a 4%+ mortgage rate… Read More »Monthly Mortgage Payments Have Just Hit the Highest Level on Record, Surpassing Housing Bubble Heights

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Locking vs. Floating Your Mortgage Rate

To mortgage folk across the country, it’s an age-old question: “Lock or float?” It’s a question loan officers and mortgage brokers get asked on a daily basis, often over and over again by panicked borrowers and first-time home buyers. And it might just be the most important answer a homeowner will come up with during… Read More »Locking vs. Floating Your Mortgage Rate

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How Does Mortgage Refinancing Work? Do You Want a Lower Rate or Cash Back?

Trade In Your Old Home Loan for a New One Fundamental mortgage Q&A: “How does mortgage refinancing work?” When you refinance a mortgage, you trade in your old home loan for a new one in order to get a lower interest rate, cash out of your home, or to switch loan programs. In the process,… Read More »How Does Mortgage Refinancing Work? Do You Want a Lower Rate or Cash Back?

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10 Ways to Get a Bigger Mortgage: With Home Prices On the Rise You May Need One

With home prices on the rise, and only expected to go higher this year, you might be wondering how to get a bigger mortgage. After all, you might need one if the purchase price is above than your original estimate, or if you’re short on down payment funds. These days, bidding wars are the norm,… Read More »10 Ways to Get a Bigger Mortgage: With Home Prices On the Rise You May Need One

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Only 22% of Homeowners Refinanced Over the Past Year: Here’s Why

A new survey from home valuation and real estate listing company Zillow revealed that just 22% of homeowners refinanced their mortgages over the past 12 months. While that might sound like a decent percentage, it comes at a time when mortgage rates have never been lower. Zillow pointed out that 30-year fixed mortgage rates dropped… Read More »Only 22% of Homeowners Refinanced Over the Past Year: Here’s Why

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Why a Really Cheap Mortgage Might Actually Be Trouble

I know, I know. It sounds ridiculous to complain about or imply that something cheap is a bad thing. Clearly I’m going to have some explaining to do, which I’m prepared to do so bear with me. I’m by no means against cheap mortgages or anything else cheap, but I do see one drawback that… Read More »Why a Really Cheap Mortgage Might Actually Be Trouble

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10 Big Mortgage Myths Proved Wrong, Once and For All

These days, the world is full of misinformation. Let’s put some common mortgage myths to bed once and for all so you don’t inadvertently miss out on becoming a homeowner. After all, property owners tend to acquire a lot more wealth than renters, so why let these falsehoods stand in your way? You Need Perfect… Read More »10 Big Mortgage Myths Proved Wrong, Once and For All

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Is This Mortgage Company Legit? How to Quickly Vet Your Lender

It’s a question I see consumers ask whenever they size up a lender: “Is X mortgage company legit?” Ultimately, borrowers want to know that the company they’re considering is above board, and not some fly by night operation. After all, a mortgage is a major financial transaction, and not one to leave to chance. The… Read More »Is This Mortgage Company Legit? How to Quickly Vet Your Lender

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