When you first delve into the world of real estate, it can feel like there is a whole other language that you need to learn, especially around mortgages and financing. This post will take a look at the term "rate and term refinance" in order to clarify what it means once and for all. [...]
There's no denying that spring and summer are the most popular times of year to make home improvements, but if you've been writing winter off entirely for these projects, you're missing out. From easier scheduling to a potential for cost savings, there are many reasons to do renovations during the winter. It's just a [...]
One of the biggest debates in the mortgage industry revolves around the topic of refinancing. Some economic pundits will tell you that, in order to benefit from a mortgage refinance, you'd have to drop your interest rate significantly — and even then, there are too many pitfalls to doing so. Others say there are [...]
The holiday season is just around the corner, and so are all the costs that come with it. Fortunately, if you're a homeowner, your mortgage might be able to help with that. Your mortgage (and the house it pays for) can be great resources to tap around the holidays — especially if you're thinking [...]
There are dozens of reasons you might want to refinance your mortgage loan. For one, it could help you lower your interest rate, thus lowering your monthly payment (plus the total interest you pay over the course of your mortgage). Additionally, you can also refinance to pay your loan off faster, to access cash, [...]
With mortgage rates at historic lows at the time of publication, many homeowners are wondering: is it time to refinance? Though a refinance has the potential to bring about some serious benefits (a lower payment, less interest paid, a quicker pay-off timeline, for example), the truth is it's not right for everyone. It's important [...]
There are times when homeowners find themselves underwater on their mortgage, which means the balance of the mortgage is higher than the fair market value of their property. This became a big problem when the housing bubble burst over ten years ago, but it still happens today. For ten years, the Home Affordable Refinance [...]
College is expensive. The average cost of public college is nearly $10,000 per year for in-state residents and more than twice that for out-of-state residents. Add that up over four years and you’ve got a pretty hefty sum of money on your hands — a sum that many students (and their parents) just don’t [...]
Refinancing can be beneficial for many homeowners. It can lower your rate, your monthly payment and maybe even shorten the total length of your loan. But if you have two mortgage loans on your hands? Then refinancing might be even more powerful a financial tool. You might have two mortgages because: You took out [...]