You hear interest rates dropped so you immediately assume that you should refinance. What if it doesn’t make sense, though? It takes more than a lower interest rate for refinancing to make sense. Since getting a new mortgage costs money, you need to make sure it makes financial sense to … Continue about Will Refinancing Save you Money?
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Buying a Home
Who Pays Realtor Fees?
Realtors earn a commission when they sell a home. Whether the realtor represents the buyer or the seller, he or she earns money. But who pays those fees? If the buyer doesn’t have a realtor, but the … Continue about Who Pays Realtor Fees?
Understanding House Auctions
If a homeowner defaults on his mortgage long enough, the lender may send the home to auction. This final step in the foreclosure process sells the home to the highest bidder. The process takes a long … Continue about Understanding House Auctions
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Will Refinancing Save you Money?
You hear interest rates dropped so you immediately assume that you should refinance. What if it doesn’t make sense, though? It takes more than a lower interest rate for refinancing to make sense. Since getting a new mortgage costs money, you need to make sure it makes financial sense to refinance. Get Matched with a […]
Understanding the HECM to HECM Refinance
The HECM loan is a Reverse Mortgage. Older homeowners take out these loans to use their home equity while they are still alive. Like a traditional mortgage, you can refinance an HECM, but the process is a little different. Looking for Current Mortgage Interest Rates? Click Here. Reasons to Refinance an HECM You may wonder […]
Tips to Lower Your Mortgage Refinance Fees
Mortgage refinancing costs as much as 3% – 5% of the loan amount. Suddenly that lower mortgage payment doesn’t seem so enticing, does it? If the closing costs eat away at your savings, it may not make sense to go through with the refinance. Compare Offers from Several Mortgage Lenders. Fortunately, there are ways to […]
Is it Possible to Sell Your Home if you Have a Mortgage?
You still owe money on your home, but you want to sell it. Is this possible? Since most mortgage terms are 30 years long, homeowners sell their homes that still have mortgages on them all of the time. It is possible to sell your home while you still have a mortgage, but you should know […]
Getting Rid of a High Interest Rate Second Mortgage
Did you take out a second mortgage out of desperation? Maybe you found yourself in a bind and took the first loan that came your way. Now that you are out of that financial crisis, you wonder what to do with this high-interest rate second mortgage. Get Matched with a Lender, Click Here. The good […]
Do Seller Closing Costs Affect You?
As a seller, you have closing costs you must pay. While they won’t be tied to the mortgage itself, like it does for buyers, there are fees for transferring homeownership. How much you pay depends on who you hire to help you with the process. Get Matched with a Lender, Click Here. Do you Need […]
Who Pays Realtor Fees?
Realtors earn a commission when they sell a home. Whether the realtor represents the buyer or the seller, he or she earns money. But who pays those fees? If the buyer doesn’t have a realtor, but the seller lists with one, essentially, a realtor still earns a commission, so someone has to pay. Get Matched […]
Understanding House Auctions
If a homeowner defaults on his mortgage long enough, the lender may send the home to auction. This final step in the foreclosure process sells the home to the highest bidder. The process takes a long time and is risky for buyers, but it can work out for everyone in the end. Get Matched with […]
Real Estate Contract Expired: Now What?
Selling your home is a big move. Doing it alone is scary and overwhelming. Listing it with a realtor gives you the support and knowledge you need. Agents help sell homes faster and for higher prices. It sounds perfect. But how long does the contract last and what happens when it expires? Get Matched with […]
Is it Risky to Buy a Foreclosed Home?
Buying a foreclosed home could net you a great deal. But is it risky? It depends on the situation. Some foreclosed homes are ideal. They are in great condition and were just a circumstance of bad luck. Others aren’t so pretty. They are in complete disrepair, won’t pass an appraisal, and need a ton of […]