Study: 3 in 4 Mortgage Holders Could Benefit From Refinancing Don't miss this historic opportunity to re-set your mortgage and budget I was shocked to read this article which states that over 19 MILLION homeowners might still benefit from a re-fi but haven't done so yet. Assumptions are dangerous things and I kind [...]
What to Know About Paying Off Your Mortgage Early My periodic analysis of paying off your mortgage My blog followers will notice this is not the first time I have written about this and there is a good reason for that. It's a pretty important topic. Here is the best article I have [...]
It might be time to move....or it might be time to re-finance A confluence of circumstances have driven rates to historic lows and I'm getting tons of calls from clients about seizing the opportunity to purchase, to re-finance, or to leverage their equity for a home improvement. This is a good article about [...]
It might be time to re-fi! With all that's going on with this disruption of our lives things like paying attention to your mortgage rate might be something that slides to the back burner. However, in particular for conforming loans (up to $510,400) we are near or at historic lows so it might [...]
A Peek Behind the Mortgage Curtain Here is a great article that does a good basic job of explaining why who you make your mortgage payment to keeps changing. It's particularly instructive now because it explains briefly why the massive surge of mortgage forbearance's is threatening the stability of the mortgage market. The [...]
The right lender and the right advice has NEVER been more important In the real estate market at least it can be argued that nothing has seen more upheaval from the virus than the mortgage market, both purchase money and refinances. There are some folks out there now who's lenders are going under [...]
The economic hits just keep on coming!! These days when I go to post it's not about whether there is good economic news to share, but about which indicator of it to choose from! Nice problem to have. Rates continue to hover near historic lows which all of my buyer clients are loving, [...]
It's about to get easier (and harder) to get a loan Changes in how FICO credit scores are calculated make managing your credit score more important than ever! The good news, these changes will likely improve the scores of those who already have good to exceptional scores as their successful financial management habits [...]
You made smart decisions to build up that home equity, now be careful with it There are a number of good reasons to utilize your home equity, and some not so good ones. There are several ways to access it as well. Things like pulling out cash to start a business, do capital [...]
15 or 30? How long should your mortgage be? I love this topic because it is definitely not a one size fits all topic and because it actually has significant financial, and perhaps just as importantly lifestyle implications. I talk OFTEN about this topic with clients and friends. The answer at the end [...]