Ever since the Federal Reserve slashed short term rated and pushed money into the mortgage market, interest rates have begun to stabilize at extraordinary low numbers. These low interest rates are making it a fantastic time to refinance your current mortgage to potentially save you more money.
Author: Peter Pescatore (Peter Pescatore)
Just when we thought mortgage rates were done breaking records, Freddie Mac announces that 30-year fixed rate mortgage rates have dropped to another new low.
As the Coronavirus pandemic continues, financial uncertainty has unfortunately become the norm for many families. However, many homeowners may be able to catch a break through cash-out refinances. Refinancing involves...
Refinancing is the process of paying off your original mortgage and replacing it with a new one. If your current financial situation is different from what it was when your first mortgage was originated, you may benefit from a refinance.
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act went into effect. The CARES Act was designed to provide assistance to those who have been financially affected by the COVID-19 pandemic. This includes potentially offering mortgage forbearance to homeowners.
For those who haven’t experienced these kinds of issues before, let’s get back to basics. Here are seven tips for how to ease the journey of restructuring loans during difficult times.
By now you’ve probably heard about the economic impact the Coronavirus pandemic is having on the United States. And if you’ve been following those developments, then you’ve probably heard about the tremendous number of refinances taking place due to low mortgage rates.
One phrase you’ll see repeatedly if you're buying a home is “annual percentage rate” or APR. But what does that mean?
Typically, the higher the risk, the higher the interest rate. But you aren’t the only factor a lender uses to assess the risk.
A VA loan is a home loan that is guaranteed by the United States Department of Veteran Affairs. The loan is designed to help make home ownership possible for those who are currently serving or have served in the military.