Mortgage Tips

Simple mortgage tips to help you better prepare for the mortgage process and ideally save money on your mortgage.

Is Now the Time to Pull Cash Out of Your Home and Buy Stocks?

Is Now the Time to Pull Cash Out of Your Home and Buy Stocks?
March 18, 2020 No Comments »

There’s been lots of chatter around Wall Street that this could be an unprecedented time to buy stocks on the cheap, given the market carnage related to the coronavirus. One asset manager, Ricky Sandler of Eminence Capital, has even gone ... Read More »

Now More Than Ever You Need to Compare Mortgage Rates

Now More Than Ever You Need to Compare Mortgage Rates
March 17, 2020 No Comments »

The last two weeks have been crazy in the mortgage world. In early March, the industry celebrated as mortgage rates hit record lows. Per Freddie Mac’s weekly survey, the 30-year fixed fell to 3.29%, its lowest point since tracking began ... Read More »

The Refinance Rule of Thumb

The Refinance Rule of Thumb
March 10, 2020 No Comments »

How Much Lower Should Mortgage Rates Be to Refinance? Unfortunately there is no one-size-fits-all answer Because no two loan scenarios are the same You have to factor in existing home loan details And future plans/financial objectives/tenure in home, etc. If ... Read More »

Two Reasons Not to Refinance Your Mortgage Right Now

Two Reasons Not to Refinance Your Mortgage Right Now
March 5, 2020 No Comments »

Yes, all the news headlines are screaming, “Refinance NOW!” The term “mortgage rates” is trending hard. And all my friends are texting me asking if they should refinance their mortgages. Ugh. This is getting silly. Sure, mortgage rates are now ... Read More »

Mortgage Due Dates 101

Mortgage Due Dates 101
February 18, 2020 56 Comments »

If you recently took out a mortgage, or have been thinking about purchasing real estate, you may be wondering when your mortgage payments will be due each month, among other things (like how late Ikea is open). Well, mortgage payments ... Read More »

A Fast Mortgage Isn’t Necessarily the Best Mortgage

A Fast Mortgage Isn’t Necessarily the Best Mortgage
February 11, 2020 No Comments »

These days, all the mortgage advertisements I see promote speed. Get your loan fast. Get it with the push of a button. Get approved in minutes, close in a week! Hello Figure and Rocket Mortgage, and basically every other fintech ... Read More »

What Is a Conventional Mortgage Loan?

What Is a Conventional Mortgage Loan?
February 7, 2020 No Comments »

Mortgage Q&A: “What is a conventional mortgage loan?” A “conventional mortgage” simply refers to any residential mortgage loan that is not insured or guaranteed by the federal government. The word conventional means standard, regular, or normal, which is basically saying ... Read More »

What Is a Lender Credit?

What Is a Lender Credit?
February 6, 2020 No Comments »

Mortgage Q&A: “What is a lender credit?” How a Lender Credit Works Mortgage lenders know you don’t want to pay any fees to get a home loan So they offer “credits” that offset the customary closing costs associated with a ... Read More »

You Can Refinance a Mortgage with Bad Credit, However…

You Can Refinance a Mortgage with Bad Credit, However…
February 4, 2020 No Comments »

For some reason, folks always want to know if you can do X, Y, and Z with bad credit. Which begs the question, why not improve your credit first! Okay, I get it, time is sometimes of the essence, especially ... Read More »

Sometimes It’s Actually Better to Choose the Higher Mortgage Rate

Sometimes It’s Actually Better to Choose the Higher Mortgage Rate
January 30, 2020 No Comments »

With mortgage rates approaching all-time lows once again, there might be the temptation to snag a 30-year fixed at say 2.875%, or 2.99% if a lender offers a promotional rate. The same might be true of any home loan product, ... Read More »