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3 Steps that Could Help Speed Up Your Refinance

Blog posted On June 10, 2021

When mortgage rates trend lower, people want to act fast. Home buyers will rush to find a home, while homeowners will rush to refinance. Then they’ll come to their lenders wanting to close on their loans immediately. Direct lenders, like us, typically have the ability to close quicker than others. However, part of the speed of our closings depends on you. The more prepared, responsive, and organized you are, the quicker you can close on your loan.

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Money Moves to Make When Interest Rates Are Low

Blog posted On May 05, 2021

Last week the Federal Open Market Committee (FOMC) voted to leave the benchmark interest rate near zero. Consequently, the cost of borrowing will remain relatively favorable for consumers. If you’re thinking about how to take advantage of low rates, now is the time. Don’t know where to start? Here are two ways you can take advantage of interest rates while they’re still low.

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Why You Should Stay with the Same Lender for Your Refinance

Blog posted On April 01, 2021

Refinancing your home while rates are low can save you thousands of dollars over the life of your loan. If you’re looking into refinancing you might be considering what type of refinance you want, what rates you are looking for, and whether or not you should stay with your current lender. But before you decide to refinance with someone new, here are four reasons when it makes sense to stay put.

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Should You Refinance Your Mortgage in Retirement?

Blog posted On March 11, 2021

By the time you retire, your finances should be pretty consistent, which is why the thought of making a large financial move like refinancing can be intimidating to some. However, refinancing when you’re retired can bring you similar benefits to when you were still working, and can be a smart financial move for many.

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What Are the Costs of Refinancing Your Mortgage?

Blog posted On February 25, 2021

When mortgage rates are near record lows, it is a great opportunity for homeowners to refinance their home loans and potentially save thousands of dollars over the life of the loan. However, when making the choice to refinance, be sure to take all of these added costs into account. 

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3 Reasons You Should Refinance Now

Blog posted On February 23, 2021

Mortgage rates have trended near historic lows for almost a year now, with the number of new home purchases and refinances surging in response. At the end of last month, the number of refinance application submissions were up 59% year-over-year, hitting their highest level since March 2020. Thousands of homeowners have already refinanced their mortgage to take advantage of low rates, but if you haven’t yet, here are three factors to consider before you make your mortgage move.

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What to Know About Refinancing an Investment Property

Blog posted On January 07, 2021

As interest rates have fallen to record-breaking lows over the past year, mortgage refinances have surged. Refinancing your mortgage can offer many benefits – such as lowering rates and monthly payments, removing mortgage insurance, and getting cash out for other investments. But keep in mind that if you are refinancing an investment property, you may have a few more factors to consider than when refinancing a primary residence.

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3 Reasons to Refinance with a Renovation Loan

Blog posted On December 24, 2020

‘Tis the last day of shopping, and you still don’t have a clue, of which gifts you should buy or what you should do. Stores may be closed, and deals may be done, but luckily, we have the perfect gift for everyone. A playroom for the kids, a home office for you, and a new kitchen for the chef in the family, too. So, look no further than the walls of your home – because anything is possible with a renovation loan.  

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Types of Refinance: Which One is Right for You?

Blog posted On April 19, 2018

Homeowners choose to refinance their mortgage for a number of reasons.  Homeowners may refinance if they have the opportunity to secure a better interest rate or need to change the repayment terms of the loan.  Cash out refinances allow homeowners to pull cash out of their loan, by raising the total loan value.  Cash in refinances enable homeowners to pay down the loan principal and lower their monthly payments.  Renovation refinances can be used to finance a home’s needed repairs or remodels through the monthly mortgage payment. 

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