summer mortgage refinance

Key Questions to Ask Before Refinancing Your Mortgage This Summer

September 7, 2022

Refinancing Your Mortgage? Be Prepared With These Questions

The 2022 housing market is nothing if not unpredictable. With interest rates rising faster than expected through the year’s first six months, the rates have suddenly changed direction and started dropping again, albeit slowly. With rates falling back closer to 5%, more homeowners will no doubt be looking to capitalize on something that they might have been worried about missing out on this year – refinancing their mortgages.

But before you go jumping into the deep end without looking, there is still a lot to consider before choosing to refinance your mortgage if you want to get into a better position to reach your financial goals. Here are six key questions to ask your lender before refinancing your mortgage this summer. more “Key Questions to Ask Before Refinancing Your Mortgage This Summer” …

rising mortgage interest rates

The Impact of Rising Interest Rates on Homeowners’ Mortgage Refinance

August 17, 2022

How Will Rising Interest Rates Affect Your Mortgage Refinance?

Average rates for a 30-year, fixed-rate mortgage have outpaced all expectations thus far in 2022, hitting as high as 5.81% in late June. At the time of this writing, interest rates have slipped backward slightly to 5.30%, but that is still nearly double the rate of 2.8% from just a year ago.

As a result, the question on every homeowner’s lips who is thinking about refinancing is – how high will the interest rate get? more “The Impact of Rising Interest Rates on Homeowners’ Mortgage Refinance” …

summer mortgage refinance

Should I Refinance My Mortgage During the Summer?

August 3, 2022

Is Summer a Good Time to Refinance?

Summer is the time of year when the real estate business is at its busiest because this is when buyers flood the market looking for new homes. But what about refinancing your mortgage? Is this summer a good time to refinance your mortgage?

The truth is – it depends.

There are several factors you should consider before pulling the trigger on your refinance, but one of the most important is your current interest rate. With rates rising, not every homeowner will see the savings they might expect from refinancing, but there are still a lot who will. more “Should I Refinance My Mortgage During the Summer?” …

home buying questions

5 Important Mortgage Questions First-Time Buyers Should Ask

July 20, 2022

Got Questions About Your First Mortgage? Of Course You Do!

Buying your first home is one of life’s most rewarding experiences. That is, when everything goes right. But unfortunately, a lot of first-time buyers wind up suffering from buyer’s regret because they were caught by surprise by things like closing costs and other fees, or they purchased a home that they can’t realistically afford, or they just had misconceptions about the home buying process.

The good thing is that by simply asking your lender the right questions, you can avoid a lot of the pitfalls that can negatively affect your experience. Here are five important mortgage questions you need to be asking your lender. more “5 Important Mortgage Questions First-Time Buyers Should Ask” …

refinance mortgage rising interest rates

How to Determine the Best Time to Refinance Your Mortgage When Interest Rates Are Rising

July 13, 2022

When’s the Best Time to Refinance a Mortgage?

For most American homeowners, their mortgage payment is the single largest expense they pay every month. So, it is no surprise that when interest rates drop, homeowners by the score apply to refinance their loans to lower their rate, so they can save money.

But what happens when interest rates start heading the other way? Is it still a good idea to refinance your mortgage when interest rates are rising?

The answer depends on a few factors. In this guide, you’ll learn how to determine the best time to refinance your mortgage when interest rates are rising. more “How to Determine the Best Time to Refinance Your Mortgage When Interest Rates Are Rising” …

cash-out refinance

What Can You Realistically Do With a Cash-Out Refinance of Your Mortgage?

June 17, 2022

Make the Most of Your Cash-Out Mortgage Refinance

Now that mortgage interest rates are on the rise after years of being at record low levels, homeowners across the nation are choosing to look into cash-out refinances to secure new rates while they’re still low and gain access to money that can help them deal with a variety of different expenses.

But as attractive as a cash-out refinance might be, not every homeowner is in an ideal position to benefit from one. You want to make the best financial decision for your unique situation, and part of that is understanding what you can realistically do with a cash-out refinance of your mortgage. more “What Can You Realistically Do With a Cash-Out Refinance of Your Mortgage?” …

mortgage refinance questions

Important Questions to Ask Yourself Before You Refinance Your Home Mortgage

May 18, 2022

Important Questions to Ask Yourself Before You Refinance Your Home Mortgage

Interest rates have been rising faster than most real estate experts have predicted, so more homeowners who may have been thinking about refinancing their home mortgages this year are suddenly faced with having to make a quicker decision. After all, the goal of most refinances is to save money with a lower interest rate, and every week they wait can wind up costing them some of their potential savings.

That said, just because you want to refinance doesn’t mean that you’re in a good position to do so. Before you refinance your home mortgage, ask yourself the following questions to help determine if you’re ready. more “Important Questions to Ask Yourself Before You Refinance Your Home Mortgage” …

first time mortgage

What Do I Need to Know Before Getting My First Mortgage? 

April 13, 2022

Read This Article Before Shopping for Your First Mortgage

Buying your first home is one life’s most rewarding and memorable experiences. But if you aren’t careful, it can wind up being an experience that you may regret for years to come.

Whether you have a positive experience or a negative one will likely be determined by how prepared you are for the process. As always, the more you know, the better off you will be and the more likely you will be able to avoid many of the common pitfalls that can turn the mortgage process into a nightmare.

So, here’s some of the most important things you need to know before you start applying for your first mortgage. more “What Do I Need to Know Before Getting My First Mortgage? “ …

mortgage interest rates 2022

2022 Mortgage Interest Rates: Examining the Fed’s Decision to Start Interest Rate Hikes

March 23, 2022

What’s Behind the Fed’s Decision to Raise Interest Rates?

April 2010 was the last time the national mortgage interest rate sat above 5%. Since that time, the rates have dropped to historic lows, reaching its all-time low of 2.68% in December 2020. But since that landmark was reached, the interest rate has slowly but surely inched its way closer to 4% and if the experts are right, we could very well see interest rates higher than that by year’s end.

This has left many wondering why the Fed is choosing now to change course and start increasing interest rates. Here’s the basics of what we know, so you can speak with your mortgage lender from an informed position, and receive proper guidance and advice as we progress through 2022. more “2022 Mortgage Interest Rates: Examining the Fed’s Decision to Start Interest Rate Hikes” …

refinance mortgage

When Is the Best Time to Refinance Your Mortgage?

February 19, 2022

Knowing the Best Mortgage Option for You

Choosing to refinance your mortgage can help you save a lot of money on your monthly mortgage payment, but just how much you can save all depends on when you choose to refinance. It is also important to note that just because you might be saving on your mortgage payment, refinancing might not always be in your best interest depending on your circumstances.

If you are wondering, when is the best time to refinance your mortgage, then here are some things you should be thinking about that will help you make the best decision for your current and future housing needs. more “When Is the Best Time to Refinance Your Mortgage?” …