If you're familiar with the real estate market, you've likely heard the term 'refinancing' and may be wondering what this can mean for your mortgage and your financial well-being. While refinancing can be a great benefit for those who are looking for a lower interest rate or a different mortgage type, here are the details on what it can offer and whether or not it will work for you.
It's easy to be enthusiastic and excited about the prospect of home ownership, but it's important to be aware that there are many ways potential buyers can be taken advantage of. If you're on the market for a home and are trying to find the mortgage that will best benefit you, here are some of the tricks you may want to be wary of.
With the announcement by the Department of Housing and Urban Development that the Federal Housing Administration (FHA) is set to reduce its rates, it's an exciting time for many homeowners who are preparing to buy. If you're shopping around for a home and are wondering how these changes to premiums may benefit you, here are some of the ins and outs of what this announcement means.
There are so many details involved in the mortgage process that you may not be aware of what pre-approval is if you've just entered the market. However, pre-approval assesses your ability to make monthly mortgage payments and can be an important first step in the home-buying process. If you're currently contemplating a home purchase, here's why you may want to consider pre-approval first.
It may seem better to go it alone when it comes to acquiring a mortgage, but there are many benefits associated with using a mortgage professional that can make finding your dream home a lot easier. If you're currently getting prepared to hit the market and are weighing your options, here are some reasons that a professional who knows the neighborhood will save you money.
With so many mortgage products available on the market, it can be hard to know which ones will serve you best as a homeowner. As a result, there are many mistruths surrounding reverse mortgage products. Let's clear away some of the misconceptions.
When it comes to real estate, there are always going to be upswings in the market that will have an impact on your mortgage payment and overall financial health. If you're concerned about rates on the rise, here are a few tips to test out you're fiscal well-being.
The post-election period is often one of uncertainty, and the time since the 2016 election has been no different with regards to market force and the financial world. With a new administration taking office, there are many questions regarding how Donald Trump's presidency will impact the market and your mortgage.