Refinance

3 Reasons Why Putting Less Down Can Raise Your Mortgage Payment

If you’re in the market to purchase a new home, perhaps because mortgage rates are low and you’re an extremely brave individual, you may be thinking low down payment all the way. Heck, for many borrowers these days, a low down payment is the only way to play, with home prices surging to new all-time… Read More »3 Reasons Why Putting Less Down Can Raise Your Mortgage Payment

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Why It’s Best to Apply for a Mortgage When Things Are Slow

A working paper from the National Bureau of Economic Research revealed that it might be best to apply for a mortgage when no one else is. The analysis, “The Time-Varying Price of Financial Intermediation in the Mortgage Market” (if you like light reading you should check it out), found that price changes on the secondary… Read More »Why It’s Best to Apply for a Mortgage When Things Are Slow

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Are Mortgage Calculators Accurate? Why Some Totally Miss the Mark

Time for more mortgage Q&A: “Are mortgage calculators accurate?” Just about anyone looking to buy real estate or apply for a mortgage refinance will rely upon a loan calculator to get a better understanding of what their monthly payment might be. But not all mortgage calculators are created equal – in fact, some totally miss… Read More »Are Mortgage Calculators Accurate? Why Some Totally Miss the Mark

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Why It Could Be a Great Summer for Mortgage Rates

It’s looking like it could be a really good summer for mortgage rates, after a very uncertain spring made it appear as if the best we had seen was gone forever. Now this isn’t to say that mortgage rates will hit all-time record lows again, but the fact that they’re slipping back to those levels,… Read More »Why It Could Be a Great Summer for Mortgage Rates

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Resetting the Clock When You Refinance: Why It Could Cost You

Mortgage rates are trickling back toward record lows again and refinance applications are on the rise. You can thank our questionable economy, a COVID resurgence, and the Fed’s pledge to continue buying mortgage-backed securities. The recent announcement regarding the end of the Adverse Market Refinance Fee is also undoubtedly helping. My expectation is we’ll see… Read More »Resetting the Clock When You Refinance: Why It Could Cost You

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Do Mortgage Payments Increase?

Mortgage Q&A: “Do mortgage payments increase?” While this sounds like a no-brainer question, it’s actually a little more complicated than it appears. You see, there a number of different reasons why a mortgage payment can increase, aside from the obvious interest rate change. But let’s start with the obvious and go from there. And yes, [&hellip

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What Is a Mortgagee? Hint: It’s Not a Typo

Are You a Mortgagee or Mortgagor? It’s mortgage Q&A time! Today’s question: “What is a mortgagee?” No, it’s not a typo. I didn’t leave an extra “e” on the word mortgage by mistake, though it may appear that way. Despite its striking appearance, it’s actually a completely different word, somehow, simply with the mere addition [&hellip

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