6 Good Reasons to Refinance Your Mortgage

The news is abuzz with the quarter percent interest increase that came from the Federal Reserve back in mid December, causing all sorts of panic and riots in the street. Well, maybe not riots — but a lot of people are wondering if they need to refinance now or if they’ve already missed their opportunity.… Continue Reading

Guide to Refinancing Your Mortgage

Interest rates are constantly in the news: they’re rising, they’re falling, they’re flat — whatever they’re doing, they keep the thought of refinancing in the forefront of the minds of many homeowners. These folks wonder if they should refinance now, or if they’d be better off to wait a little while longer. Choosing to refinance… Continue Reading

Knowing if it’s Time to Rent or Buy

There’s a certain fantasy that penetrates the American psyche, we like to call it The American Dream. It varies slightly between regions, but basically, it involves the triad of homeownership, stable employment and a marriage with 2.3 kids. Maybe that white picket fence was ideal in 1950, but times have changed dramatically since the American… Continue Reading

Mortgage Insurance vs. Secondary Mortgages

After another rise in FHA mortgage insurance rates during the last year and the announcement that borrowers may be locked into those payments for the life of their loans, a lot of people are taking a second look at second mortgages. Piggyback seconds, those small mortgages used in conjunction with a Conventional mortgage at the… Continue Reading

Mortgage Interest Rate vs APR

When you apply for a mortgage loan, the lender is required by the federal ‘Truth in Lending Act’ to tell you both the interest rate and the annual percentage rate (APR). This enables borrowers to know the true cost and perform apples to apples comparison of loan offers by competing lenders. Your monthly payment, however,… Continue Reading