Direct lender loanDepot has launched a so-called “Digital HELOC” to help homeowners tap into their massive amounts of home equity. The Southern California-based company cited… Read More »loanDepot Digital HELOC Launched: Paperless Process and Funding in as Little as 7 Days
Everything you’ve ever wanted to know about refinancing a mortgage, which is essentially replacing your dusty old home loan with a brand new shiny one.
Just about everyone with a home loan ponders the idea of paying a little extra, whether it’s via biweekly mortgage payments, or just once a… Read More »Paying Extra Today Won’t Lower Your Future Monthly Mortgage Payments
While prospective home buyers continue to grapple with high mortgage rates and limited supply, existing owners are getting richer. A new report from Black Knight… Read More »The Average Homeowner Now Has $207,000 in Tappable Equity: The Question Is How Do You Tap It?
Tomorrow, the Fed is expected to raise the target federal funds rate by 0.25%, the first such increase since December 2018. The move has been… Read More »Mortgage Rates vs. Fed Announcements: No, the Fed Isn’t Raising Your 30-Year Fixed Mortgage Rate
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… Read More »The Mortgage Refinance Process: Complete Step-by-Step Guide and Timeline
Looking for the best mortgage rates? We’ve all heard that the super-low mortgage rates are no longer super-low, so mortgage rate shopping is now an… Read More »Mortgage Rate Shopping: 10 Quick Tips to Score a Better Deal on Your Home Loan
As the name implies, “prepaid interest” is money you owe to a bank or mortgage lender that is paid in advance of when it is… Read More »What Is Prepaid Interest? Here’s Why You Need to Pay the Mortgage Lender Ahead of Time
While refinance applications seem to be slowing, there are still some good reasons to refinance your mortgage, even if interest rates aren’t currently at their… Read More »FHA-to-Conventional Refinance: How to Drop Mortgage Insurance 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… Read More »10 Big Mortgage Myths Proved Wrong, Once and For All
Here’s an interesting one. Is it possible to snag a lower mortgage rate without refinancing? While it’s not all that difficult to refinance a home… Read More »How to Lower Your Mortgage Rate Without Refinancing