If you’ve been thinking of refinancing lately, it might be a good move to go ahead and make the move. Especially for those who have been on the fence over the past few months. The market has been relatively positive for interest rates as mortgage rates in general have been floating in a very tight […]
Pros and Cons of Financing New vs. Existing Homes
Believe it or not but there are some differences between financing new construction and an existing property. Yes, they’re certainly both financing options for a residential mortgage but there are some key differences and you might be surprised at the available options. Let’s first look at the most common type of mortgage, that’s the one […]
Thinking of Refinancing? Start Your Application In Now
Mortgage rates are still very low and refinancing options are better than ever. For many, the decision whether or not to refinance your mortgage is fairly easy. This is something I can do with you over the phone. Simply compare the difference in monthly payments and divide that into the amount of closing costs needed […]
Is Now the Right Time to Refinance Your First and Second Mortgages?
There are several reasons to consider a refinance, there can be more to it than just lowering the rate on a loan. If you’re looking at your mortgage and thinking of refinancing, let’s talk about your options based upon your personal financial situation and not some “model” based upon when it’s a good time to […]
It Might be the Best Time to Refinance. Seriously.
Let’s say that around the first of this month you checked mortgage rates to see if a refinance was in your future. Rates have been on a steady decline so far this year so it’s no wonder that you did make a quick check. And rates have fallen to the point in early March that […]
The Seesaw World of Mortgage Rates, Stocks and Bonds
If you’re like most people, you really don’t pay much attention to Wall Street on a daily basis. Sure, you’ll check your 401(k) when you statement comes in and peek at your IRA but in general, Wall Street is left for the so-called “experts” who buy and sell stocks every single day. But as you’re […]
Four Tips to Generate Positive Cash Flow on Rentals
Real estate is one of the unique asset classes that appreciates over time while at the same time providing the owner a monthly dividend. Name any other investment that does the same. Active real estate investors seek out rental properties that point to long term appreciation while getting paid each month to own it, to […]
Interest Rates: Is the Fed Changing Its Tune?
It appears that, while not backtracking, the Federal Reserve has indeed changed its tune regarding their policy on interest rates. The Federal Open Market Committee, or FOMC, wrapped up its most recent two-day meetings this past January 30. The FOMC meets about every six weeks to review the current state of the economy, review recent […]
Mortgage Rate Forecast: Should You buy Now or Wait?
It’s now closer to the time when holidays and days off are further in the rear view mirror and it’s back to the standard routine. Investors are back in the markets packing their portfolios with stocks, mutual funds and bonds and analysts are moving back in the guessing game as to the state of the […]
Inflation Data Higher Than Expected: Are Higher Mortgage Rates on the Horizon? Why Buying or Refinancing Now Might Be Your Best Financial Move This Year
Economists follow all sorts of economic data. Some data they follow more closely than others and some reports quite frankly are mostly ignored. These reports are released at varying times of the month and economists as well as investors across the board anxiously await these numbers as an indication of the health of the economy. […]
