You waited long enough – interest rates are right where you want them so you are ready to refinance. Before you jump in head first, you should ask your lender the following important questions.Looking for Current Mortgage Interest Rates? Click Here. What is the APR? Don’t let yourself get so … Continue about The Top Questions to Ask Your Lender Before a Refinance
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Buying a Home
For Sale by Owner (FSBO): How to Get the Best Deal
If there’s one thing most homebuyers have in common, it’s wanting to get the best deal on a home. Buying a for sale by owner or FSBO home is no exception. The difference is, though, that you are on … Continue about For Sale by Owner (FSBO): How to Get the Best Deal
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?
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The Top Questions to Ask Your Lender Before a Refinance
You waited long enough – interest rates are right where you want them so you are ready to refinance. Before you jump in head first, you should ask your lender the following important questions. Looking for Current Mortgage Interest Rates? Click Here. What is the APR? Don’t let yourself get so focused on the interest […]
How Long Does Funding Take After Closing?
The type of real estate transaction you conduct determines when the funding takes place. In most cases, purchase closings fund right at the closing, unless you live in a dry closing state, then it may take a few days. Refinances fund three business days after the closing because you have a ‘three day right of […]
Getting a Fannie Mae Loan for Disabled Individuals
Homeownership is a part of the American Dream. Everyone wants to own one, but if you have a disability, it may be harder for you to achieve that dream. While you may be able to afford a home, finding a home that’s fit to handle your disability is a whole different topic – one which […]
For Sale by Owner (FSBO): How to Get the Best Deal
If there’s one thing most homebuyers have in common, it’s wanting to get the best deal on a home. Buying a for sale by owner or FSBO home is no exception. The difference is, though, that you are on your own. You don’t have the expertise of a real estate agent negotiating on your behalf. […]
Do Commercial Banks Provide Mortgages?
When you shop for a mortgage, you have many places you can shop, such as mortgage lenders, savings & loan institutions and commercial banks. The name commercial banks may make you think that they don’t offer mortgages, but they do, along with a large variety of other services. Looking for Current Mortgage Interest Rates? Click […]
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 […]