Achieving financial literacy is an important goal for anyone who wants to take control of their finances and put themselves on a path to long-term financial wellness. And, it’s especially so for homebuyers in today’s market. “As rates have risen and inventory continues to be low, it’s important to consider your long-term financial goals and how long you want to live in a … [Read more...] about Financial Literacy Resource Roundup
refinance
How to Avoid PMI (Private Mortgage Insurance)
If you're shopping for a mortgage, you may have already identified a few things you have to budget for, such as a down payment and closing costs. But if you opt for a conventional mortgage – mortgage loans not backed by a government entity – you might also need to budget for a less well-known expense called private mortgage insurance (PMI). In case you’re worried about … [Read more...] about How to Avoid PMI (Private Mortgage Insurance)
Here’s What a Cash-Out Refi Could Mean For You
Homeowners can refinance their mortgages at any time of year, of course. But for a variety of reasons, many homeowners looking for a cash-out refinancing of their existing mortgage do so in the spring. There’s a reason cash-out refinancing peaks in the springtime. And it’s not because there’s some mysterious connection between spring showers, budding flowers, and … [Read more...] about Here’s What a Cash-Out Refi Could Mean For You
How to Know If Refinancing Your Mortgage is Right For You
Getting a new home loan to replace your existing mortgage is called refinancing. Homeowners refinance their existing mortgages for a variety of reasons. Why Would I Consider Refinancing? Refinancing can save you some serious money. Mortgage interest rates are currently near all-time lows. If you bought your home awhile ago, chances are good that the interest rate … [Read more...] about How to Know If Refinancing Your Mortgage is Right For You
Thinking About Refinancing Your Mortgage?
So you’re already a homeowner. But maybe you’ve looked around and noticed that mortgage interest rates seem to be lower than they were when you applied for your original mortgage a few years back. Or perhaps you’ve heard that by refinancing your mortgage, you can lower your mortgage payments. Maybe you're just hoping to get cash to remodel your kitchen. Refinancing your … [Read more...] about Thinking About Refinancing Your Mortgage?
