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… Read More »Locking vs. Floating Your Mortgage Rate
Refinance
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.
18 Reasons to Refinance Your Mortgage
There are many reasons to refinance your mortgage, some obvious and some a bit more obscure and/or different. I figured I’d compile a list of… Read More »18 Reasons to Refinance Your Mortgage
Why Do Mortgage Companies Want You to Refinance So Badly?
If you already have a mortgage, there’s a good chance you receive junk mail on a regular basis urging you to refinance. You may receive… Read More »Why Do Mortgage Companies Want You to Refinance So Badly?
The Top 15 Refinance Questions You Want Answered
With mortgage rates at or near all-time record lows, you’ve likely pondered a refinance if you’re an existing homeowner. But you probably have a lot… Read More »The Top 15 Refinance Questions You Want Answered
Does a Refinance Require an Appraisal?
Mortgage Q&A: “Does a refinance require an appraisal?” A reader recently asked if they needed an appraisal to refinance their existing mortgage, knowing they can… Read More »Does a Refinance Require an Appraisal?
Don’t Freak Out About the Recent Mortgage Rate ‘Spike’
Queue the panic. Mortgage rates have officially spiked and the media is all over it. Yep, the average rate on a 30-year fixed mortgage increased… Read More »Don’t Freak Out About the Recent Mortgage Rate ‘Spike’
What Is a Streamline Refinance?
Mortgage Q&A: “What is a streamline refinance?” While qualifying for a mortgage refinance is generally a lot harder than it has been in the past… Read More »What Is a Streamline Refinance?
Don’t Let Your Current Lender Talk You Out of a Mortgage Refinance
What I’ve seen and heard through the years is certain lenders not being so forthcoming with existing customers wanting to refinance their mortgage. For example,… Read More »Don’t Let Your Current Lender Talk You Out of a Mortgage Refinance
If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders
A lot of homeowners are looking to refinance their mortgages at the moment. That’s abundantly clear based on the record volume of refis expected this… Read More »If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders
An Alternative to Paying Mortgage Points: Just Be a Little ‘Extra’
If and when you take out a mortgage, you’ll be faced with an important choice. To pay or not pay mortgage points. In short, those… Read More »An Alternative to Paying Mortgage Points: Just Be a Little ‘Extra’