Even when rates are low, refinancing your mortgage isn't always the right choice. Here are some points to consider before you refinance. Deciding when to refinance your home loan depends on several factors besides whether you can get a better mortgage rate than you already have. And though there are many reasons people refinance their [...]
Buying a home is at once an exciting and challenging venture. With commitment and planning, you can become a successful homeowner. This post covers everything you need to know to start the home buying process off right, including: Preparing for Homeownership Understanding Mortgages Getting a Loan Searching for a Home and Making an Offer Closing [...]
Refinancing is the process of paying off an existing loan with the proceeds from a new loan and using the same property as collateral. Usually, the interest rate on the new mortgage will be less than the old, the loan will cost less and you will save money. However, refinancing isn’t appropriate for every homeowner. [...]
If you have been impacted by the national COVID-19 health crisis and are having trouble paying your mortgage payment, forbearance may be an option for you. Forbearance is offered by some lenders to borrowers who have experienced a financial hardship such as a loss of income or increased medical expenses. Eligible borrowers approved for forbearance [...]
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Calculate the benefits of renting and buying and determine which option is best for your. Email or print out a detailed report.