Now that we're almost a full month into 2018, we can look back at the end of 2017 and get some perspective on the year. Overall, 2017 was a great one for existing-home sales. It was up 1.1% from last year and was the best year for sales since 2006. One interesting part of the [...]
When you have lots of debt, it’s easy to feel like there’s no way out---no light at the end of the tunnel. Late on payments and overwhelmed with loans and credit card balances, it can seem like things are spiraling out of control quickly and the only option you have is to run fast or file [...]
When you already own a home and have a mortgage, you have two options to consider should you ever need a little extra cash in your pocket: Refinance your current loan or apply for a home equity line of credit (HELOC). But what’s the difference between the two and how do you know which is [...]
Choosing to refinance a mortgage loan can be a great move. For one, it can significantly lower your monthly payments for the length of the loan. If you refinance to a shorter term, it can cut down on the amount of interest you pay as well. It’s a win-win that means you save both time [...]
Unless you plan to be in your home forever, you should always be considering its value---particularly when you choose remodeling projects, upgrades or even just go about the regular care and maintenance of your property. The right projects, upgrades, and care can mean a bigger ROI and more money in your pocket when it comes [...]
Was the U.S. housing market something you said you were thankful for at the Thanksgiving table? If not, it should have been! According to Realtor.com, sales in November were 3.8% higher than a year ago and were at their strongest pace since December 2006. The regions with the lowest median home prices also saw the [...]
In September, we saw existing home sales rise for the first time in three months. Then, in October, the market got even hotter with existing home sales increasing to their strongest pace since earlier this summer. However, supply and demand weren’t quite in sync—there were fewer closings on an annual basis for the second straight month due to supply shortages.
There are tons of reasons to refinance your mortgage loan. Maybe you want a lower monthly payment, maybe you’re looking to save on interest, or maybe you just need an extra infusion of cash to remodel that spare bedroom, take a vacation or send your kid to college.
Homeowners looking to refinance an existing loan will want to be sure to ask the following questions.
There are a number of factors that go into such an important financial decision. Done correctly, refinancing can save you money and free up cash to put toward home improvement projects and other expenses. Before you refinance your home, however, consider your goals