Refinance

Benefits to Refinancing

Benefits to Refinancing Your Mortgage

Lower Interest Rates & Monthly Payments With rates trending towards record lows, there has never been a better time to consider refinancing your mortgage. Reducing your interest rate not only helps you save money, it also increases the rate at which you build equity in your home and can decrease your monthly payments.  What is […]

Mortgage Sold

What Does it Mean When Your “Mortgage is Sold”?

Have you received a letter notifying you that your mortgage loan has been sold? If so, don’t be alarmed! This is common practice among most mortgage companies. Having a sold loan means that the lender has sold the rights to service the loan (i.e. collect the monthly principal and interest payments.) Everything about the loan […]

What is mortgage insurance and how does it work?

What Is Mortgage Insurance And How Does It Work?

Putting less than 20% down on your home sounds like a dream…but what’s the catch? You will most likely have to pay mortgage insurance until you reach that 20% threshold. This insurance policy lowers the risk of the lender so that you can qualify for a loan that you might not otherwise be able to […]

Refinance 101

Refinance 101

You may have overheard your friend or coworker boasting about all the money they have saved by refinancing their mortgage and it now has you tempted to look into it yourself. A lower interest rate and lower monthly payments sound like a dream! But beware, without asking the right questions, refinancing may lead to unexpected […]

Refinance - Refinancing myths and misconceptions

4 Refinancing Myths BUSTED

You may have heard that refinancing could save homeowners thousands —so why are so many hesitant to see if they qualify?! There are common misconceptions about refinancing that tend to steer possible homeowners away. Consider these 4 myths about refinancing and why they should be kicked to the curb. Myth 1: You Missed the Chance You […]

Couple Refinance Financial Advisor

5 Steps to Kickstart Your Mortgage Refinance

Ready to refinance your home, but don’t know where to start? Buying your home is the first step in homeownership, but down the road, you may get the opportunity to refinance your home in order to decrease your mortgage payment. Here are 5 necessary steps to getting started! 1. Make Your Move Determine the reasons […]

Consider Refinancing

Homeowners lost $5.4 billion by not Refinancing

Thinking of refinancing your home? Consider how the decision of refinancing your home may save you thousands of dollars each year. A recent study by the Journal of Financial Economics revealed American homeowners lost out on savings up to $5.4 billion in 2010 by failing to refinance their mortgage when interest rates decreased. You Could […]

Mortgage Refinance Methods

Refinance Methods Made for You

So, you’re thinking about a refinance? Be sure to read up on the four most common mortgage refinancing loans to compare so you can make the best decision for you and your family! 1. Rate-and-Term Refinance Loans Rate-and-term refinancing pays off an existing loan with a new loan, continuing to use the current home as collateral. […]