How Much Higher are Mortgage Rates for an Investment Property?

Lenders base your interest rate on the riskiness of your loan. Once a lender decides how likely you are to default on your loan, they determine your interest rate. They look at factors such as your credit score, debt-to-income ratio, and type of income. One more...

How Often Is Often When Refinancing Your Mortgage

Timing is everything. This is especially true for refinancing mortgages whose decrease in rates can spell a difference in savings (monthly mortgage payments). And there is no limit as to how many times you can refinance your existing mortgage. There is no rule or...

Property Listed for Sale – Can you Refinance It?

You listed your property for sale, but it is taking a long time to sell. In the meantime, you decide to refinance. Why not save some money while you wait for your house to sell? Or maybe you want to take cash out to fix the home up in the hopes that it will sell...

Should You Use Home Equity to Pay Off Debts?

If you are buying or refinancing, now might be the perfect timing to lock in on your rate. According to the latest Primary Mortgage Market Survey(PMMS) Report from Freddie Mac, average mortgage rates just hit the year’s lowest as 30-year FRM fell by 7 basis points to...

Bottom of the barrel mortgage rates inch higher

After nearly two months of declines, mortgage rates inched higher this week. Freddie Mac’s Primary Mortgage Market Survey (PMMS) showed the average 30-year fixed mortgage rate increasing from an average of 3.78 percent to 3.83 percent. This is the first time rates...

The Best Way to Get a Competitive Interest Rate

What’s the largest factor you think about when shopping for a mortgage? If you said the interest rate, you are like most other borrowers. Even ¼ to ½ of a change in the interest rate can have a dramatic effect on your payment. It’s no wonder you want the lowest...

read more

Why do You Need a Realtor for a New Construction Home?

Building your own home from the ground up is exciting. You get to choose many aspects of the home right from the start that you otherwise could not do with an existing home. Remember, however, it is still a home purchase and possibly one of the largest investments you...

read more

How to Refinance Your VA Loan With Bad Credit

If you have a VA loan now, you may have a way to refinance it even if you have bad credit.Compare Offers from Several Mortgage Lenders.Typically, lenders require you to have a minimum credit score in order to qualify for a refinance. It makes sense since the lender...

read more