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.
Typically, borrowers refinance their home loans to take advantage of lower mortgage rates. But recently, the average refinance has resulted in an interest rate 2.4%… Read More »94% of Homeowners Who Refinanced Recently Raised Their Mortgage Rate a Lot in the Process
These days, mortgage rates aren’t as cheap as they used to be. And that is the understatement of the century. The 30-year fixed is currently… Read More »Is It Worth Using a Mortgage Lender Now for the Promise of Waived Fees in the Future?
Mortgage Q&A: “What is a lender credit?” If you’ve been shopping mortgage rates, whether for a new home purchase or a refinance, you’ve likely come… Read More »Lender Credits: The Opposite of Paying Points on Your Mortgage
You’ve heard the term “no free lunch.” Well, the same is true of home loans. There is no “free mortgage.” Sure, banks and lenders will… Read More »There Is No Free Mortgage
While most homeowners probably don’t have a refinance on their radar (due to the big jump in interest rates), take note that fees for cash… Read More »Cash Out Refinance Fees Are Going Up in Early 2023
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
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
