If you are thinking about refinancing your home mortgage in 2023, then traditionally speaking, the best time to do so would be during the last two weeks of the last month in each quarter. So, this means the last two weeks in September and December, since March and June have both already passed. more “The Best Time to Refinance Your Home Mortgage in 2023 (And How to Do It)”
Homeowners choose to refinance their home mortgages for a wide range of reasons, some more logical than others. But for those who choose to refinance for the right reasons, there can be some very clear and distinct advantages of doing so.
If the interest rate has dropped to a point where you are considering refinancing your home loan, then here are six clear benefits that can come from making this decision. more “6 Clear Benefits of Refinancing Your Home Mortgage”
If you’re of a certain age, then you have probably heard (or even used) the famous quote from the film, Ferris Bueller’s Day Off – “Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it.”
And if you’re a homeowner, then you probably know all too well how fast life really moves. In fact, life moves so fast that some homeowners think about refinancing their mortgages not long after they’ve closed on their homes! more “How Long Should Homeowners Wait Before Refinancing a New Mortgage?”
The crazy fluctuations of the real estate market over the last few years has made it tough for a homeowner to know when to pull the trigger on refinancing their mortgage. After a lengthy span of record low interest rates, today’s rates are up and hovering around 7% for a 30-year fixed rate mortgage loan.
With such volatility in recent years, the current interest rate is still high enough to keep a lot of refinance prospects sitting idle on the sidelines. And even for those who might be in the position to refinance, other questions come into play, like – is summer the best time to refinance a mortgage or should I wait? more “Is Summer the Best Time to Refinance a Mortgage?”
Interest rates haven’t exactly been kind to home buyers and homeowners interested in refinancing their mortgages over the last few years, but they are slowly moving back in the right direction. As a result, those homeowners looking to refinance their home loans are finding themselves once again back at considering their options.
But if you’re like most homeowners, you might be wondering – at what point is it worth it to refinance my mortgage? more “At What Point Is It Worth It to Refinance My Mortgage?”
It’s been a long, hard road for first-time home buyers, but the market finally seems to be shifting to the point that more buyers will likely be hitting the streets this spring in search of their first homes. And why not? Being a first-time buyer opens the doors to tax breaks and streams of other financial benefits that come with owning a home.
That said, there’s more to buying a first home than many prospective buyers might expect. So, here’s everything a first-time buyer should know about buying their first home this spring. more “Spring Home Buying Season Is Here: Learn Everything a First-Time Buyer Should Know”
For so many first-time homebuyers, saving up enough money to make a down payment on a home can take years. But as much of a challenge as it is, it is certainly worth it because putting at least 20 percent down on a home can help a first-time buyer secure a lower interest rate and avoid having private mortgage insurance (PMI) included in their monthly mortgage payment. That said, not every first-time buyer can save money when they have so many other financial obligations to satisfy. Luckily, help is available.
If you’re in the market for your first home but you’re having difficulty saving money for a down payment, then this doesn’t mean that you are going to be out of luck. Financing help is available from a variety of resources that can help you achieve your dream of owning a home in 2023. This guide will help get you started. more “Financing Help for First Time Homebuyers in 2023”
Mortgage interest rates are a little better than they were a year ago, but they remain higher than they’ve been in two decades. Still, there are many homeowners out there who might find the prospect of refinancing their mortgages appealing for a number of different reasons. After all, there are a lot of mortgage loans out there with interest rates that are even higher what’s currently available, so these homeowners can potentially save money by refinancing.
But of course, before you choose to refinance your mortgage, it is important to assess your situation and consider your reasons for wanting to refinance because some reasons are simply better than others. And some reasons can even be detrimental.
Here are the best and worst reasons to refinance your home mortgage. more “The Best (and Worst) Reasons Why to Refinance Your Home Mortgage”
Purchasing a first home is one of life’s most memorable experiences. But depending on a range of variables, that memorable experience can be either a positive one or a negative one. Luckily, there are some things you can do to help make getting approved for your mortgage a lot easier, and one of the most important is being prepared.
The home buying process is complex because there are so many moving parts involved. So, the better prepared you are, the quicker and more efficiently the process will go. You can still expect it to take anywhere from 30 to 60 days before you can close on your home, but if you are well prepared and you’re a qualified buyer, then you can have as short a waiting period as possible.
Here’s everything you need to know about getting prepared for your first mortgage application. more “How to Prepare for the Best First-Time Mortgage: Getting Approved With Ease”
For most families, buying a home is one of the biggest purchases they’ll ever make. So, to say you need to have an idea of how the process works and what options are available to you is an understatement. After all, when you buy a home, you will be forced to live with your decisions, so you want to make the best choices possible for you and your family.
Making the best decision matters throughout every state of the home buying process, from choosing which home to buy to choosing what type of mortgage you want to use to finance it. It is this latter point that we will discuss here. There are five primary types of mortgages to pick from. Here’s what to expect from each in terms of their guidelines, so you can do your due diligence and choose the one that best meets your needs. more “Understanding the 5 Primary Types of Mortgages and Which One to Choose”
