With rates at historic lows and home values improving, many homeowners want to take advantage of refinancing their home. There are many reasons advantage of a mortgage refinance, the top being to save money. But just because rates are low does not mean you will be eligible to refinance. Here are…
When does it make sense to refinance your home loan? When should you refinance? Refinancing a home loan can be very attractive, but has also been misused in the past. While mortgage lenders in America have become much better at ensuring responsible lending and helping homeowners into loans that truly benefit…
Buying a home is now not only cheaper than renting, but easier to qualify for in many ways too. As we turned the corner into 2015 the data showed that buying a home was half as expensive as renting, on average in the US. Low Home Prices Low home prices are…
There are many loan options for military families when it comes to buying a house. VA Home Loans have made homeownership an affordable opportunity for active duty military members. However, many people question whether or not they should buy a house given their unique circumstances. Let’s analyze whether or not active…
Many first time home buyers find themselves in a situation of having no rental history when they apply for a mortgage. They choose to stay living at home with their parents or guardians while working and building up savings for a downpayment. Often times, they feel it is a waste of…
How do refinance loans work? Refinancing a home loan can be one of the best financial moves many individuals make in their lifetimes. So why refinance? What key features and points should property owners look out for? What are the most important things to look for in a refinance loan? What…
How are residential and commercial mortgage loans different? Recent changes in the mortgage industry have altered how many lenders classify themselves, and the loans they are eager to make. Many individuals can be confused by this and miss out on great financing possibilities. In the past many borrowers, including experienced real…
When shopping for the best home loan rates, are pre-payment penalties really a good thing? In the past home buyers and home owners seeking refinance or purchase mortgage loans were either oblivious to what loan prepayment penalties meant, or found them oppressive. So why hasthe perception on the features of loan…
Separating from the military is a monumental time for any veteran. They’ve spent the past several years or decades of their life making great sacrifices and putting their desires and dreams behind the needs of their country. Some veterans leave the military through retirement after many years of service, some leave…
Is a 15 or 30 year mortgage the best choice? There are a number of term options available to borrowers seeking both purchase mortgages and refinance loans today. There are 30 and 15 year mortgage loans, and even 20, and sometimes 10 year mortgages. So what’s the difference, and what quirks…
