Should You Tap into Your Home Equity to Help Your Kids Buy A Home?
Thanks to secondary loans like home equity loans, you can use your home equity to help your kids buy into the property market. Want to help your kids get on the property ladder, but don’t have cash reserves to draw on? Tapping into your home equity could be the simplest and most convenient way of helping your […]
Refinance Without Closing Costs – Is it Right for You?
With interest rates low, now might be a good time to consider refinancing your mortgage. Before agreeing to a new deal at the lowest rate, it is worth calculating whether you can save more with a no-closing-cost refinance. A no-closing-cost refinance (also commonly referred to as a no-cost refinance or no-cost refi) is just like […]
10 Questions to Ask Your Mortgage Lender
You’ve narrowed your search down to a short list of lenders, or perhaps you’ve even been pre-qualified for a mortgage. The next part is beginning your formal mortgage application—but before you do that, it’s important to make sure you’ve prepared the right questions to ask your lender. Here are the 10 questions to ask your […]
3 Second Mortgage Lenders to Look at in 2022
Own a home and in need of a loan? One of the most convenient ways to secure the large amount of cash you need to fund that renovation, medical bill, or college tuition is to take out a second mortgage on your home. What is a Second Mortgage? With a second mortgage, the lender loans […]
3 Jumbo Mortgage Lenders to Consider in 2024
A jumbo mortgage is exactly what is sounds like: A huge loan to buy a house. But “jumbo” is not just in the eye of the beholder; rather, a loan is considered jumbo if it reaches specific amounts delineated by the Federal Housing Finance Agency, amounts that are subject to change each year. As of […]
3 Recommended FHA Lenders for 2022
FHA mortgage loans are an attractive option for first-time homebuyers. If you’re looking for your first home and don’t have 20% of the home purchase price for a conventional loan down payment, FHA loans backed by the U.S. government can offer between 3.5% and 10% down payments. There are some costs though, and different rates […]
Should I Refinance My Mortgage?
Refinancing your home loan can save you a lot of money in the long run. However, there are some things to be aware of. In this article, I’m going to unpack what you need to know about refinancing your home so you can get started right away. What is mortgage refinancing? A mortgage refinance is […]
The Complete Guide to Cash-Out Refinance
If you’re a homeowner, one way to convert some of that equity into actual cash is with a cash-out refinance. What is a Cash-Out Refinance? A cash-out refinance is a type of mortgage refinance in which you borrow more than what your house is worth and keep the difference in cash. Let’s say your home […]
Purchase, Refinance, or Sit Out: How the Fed’s Rate Cut Will Affect Mortgage Costs
Mortgage rates hit all-time lows after the Federal Reserve dramatically slashed the benchmark interest rate in March 2020. What’s more, rates will probably go even lower if, as expected, the Fed keeps cutting rates. This poses an interesting question for home buyers and owners: purchase/refinance now or sit it out in the hope of getting […]
Refinance Rates Reach 50 Year Low, Don’t Miss Your Chance to Save
Mortgage rates are the lowest they’ve been since they started tracking them in 1971! If you pay attention to mortgage rates, you’ve been hearing about historically low interest rates for years. Rates have been inching downward or bouncing off record lows for more than a decade. Many analysts thought interest rates couldn’t get any lower, […]
