Whether you’re interested in lowering your mortgage rate, or you’d like to shorten your loan’s term, refinancing your mortgage can mean big savings for you… or it might not be worth it, depending on your personal situation. Find out how to decide whether you should refinance.
Tag: refinance home loan
Not sure what it takes to get a home loan today? Home Loan Expert, Eric Ehrhardt, covers the most important basics – credit, equity, income and assets – so when you’re ready to buy your dream home or refinance your existing home, you’ll have everything you need to qualify and move through the mortgage process with ease.
When it comes to home financing these days, having good credit and specifically, a good payment history on your mortgage or apartment, is super important. So before you apply for your next home loan, let’s discuss what lenders and underwriters are looking for when they review your payment history.
In part one of this article, we looked at some key “to do” items to get your financial house in order in time for the new year. In addition to monitoring your credit, debts and savings, there are also some smart moves you can make to save on 2010 taxes and improve your long-term cash flow by re-thinking your home loan.
As mortgage rates hover at historical lows, many homeowners are running out to refinance. But is now the right time for you to get a new home loan? Learn how to analyze your mortgage situation so you can decide if refinancing makes sense for you.
Just when you thought they were as low as they could get, mortgage rates continue to slide. In fact, you can now get a 30-year home loan at the lowest interest rates in 39 years, according to Freddie Mac. Take advantage now, as mortgage rates will likely go up in the near future.
Whether you’re ignoring major savings on your largest bill or you’re neglecting to sock money away for a rainy day, you’re putting yourself and your finances at risk. Keep your costs manageable – now and in the future – by avoiding these five common money mistakes.
The longstanding argument whether to rent or to buy in the U.S. may’ve just been thrown a curve ball.
If you’re thinking about refinancing, you may be hesitating because you are intimidated by the process. The mortgage industry collapse and unpredictable financial markets have created some new obstacles for borrowers. However, these hurdles can be easily overcome with a little research and preparation. Here are some of the things to be ready for and some tips on how you can prepare yourself to go through the refinance process with ease.