Posts

Mortgage Rates are Up: Should I Buy Mortgage Points?

Mortgage rates are rising and it’s hard to ignore. Buying mortgage points is one way to lower your mortgage rate but it can be a difficult decision for many homebuyers. For new borrowers getting ready to buy a home and for homeowners who want to refinance, it’s a good time to consider buying mortgage points, […]

Refinance to a Fixed-Rate Mortgage for a Better Home Loan

Mortgage rates have been inching upwards since earlier this year. Slowly at first, but the jumps are increasingly hard to ignore. If you have an adjustable-rate mortgage (ARM), now is a good time to refinance to a fixed-rate mortgage. According to economists, the Fed is expected to deliver back-to-back interest rate hikes in May and […]

Powerful Benefits of a Golden Equity Line of Credit

If you or a family member is a homeowner over the age of 62, you may have considered a reverse mortgage to access your home equity. However, did you know that a Golden Equity line of credit can offer more flexibility than a reverse mortgage? Often, it includes stronger benefits depending on your financial goals. […]

How the Fed Announcement Affects Mortgage Rates

Earlier this week, the Federal Reserve Board announced its decision to reduce its bond-buying program. So how does this affect mortgage rates? Each time the Federal Reserve makes an announcement, the markets respond. Whether the shift is small or large, clients often want to know if the fed announcement will impact mortgage rates. More importantly, […]

Is It Still Worth it to Refinance My Mortgage?

Refinance rates are hovering below 3% for qualified borrowers, so if you haven’t refinanced a mortgage in the past six months, now is the time to take action. I’ve been getting emails from clients asking if it’s still a smart time to refinance. Yes! Keep reading to learn which mortgage refinance loans might be the […]

How to Use Home Equity to Buy a Second Home

Mortgage rates are still low and a lot of homeowners are thinking about expanding their portfolio. If you have a good chunk of home equity right now, it’s a good time to think about investing in a second property. I’ve been fielding questions from clients recently: Is now a good time to purchase an investment […]

Refinance Rates Drop as FHFA Eliminates Fee

Last week on July 16, 2021, the FHFA formally announced plans to eliminate the 0.5% adverse market refinance fee, sending lenders into a competitive race to drop rates for qualified borrowers ahead of schedule. According to the FHFA press release, “Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries […]

Can I Refinance My Mortgage Without An Appraisal?

When you’re getting ready to refinance your mortgage, one factor that impacts the terms of your new loan is the appraisal. A current home appraisal creates the basis of your home’s value in today’s housing market. But not every mortgage refinance requires a home appraisal. This can relieve a lot of stress for homeowners who […]

How the Fannie Mae HIRO Program Can Lower Your Mortgage Payment and Avoid Foreclosure

Many homeowners have been asking, what can I do if I can’t pay my mortgage? The Fannie Mae HIRO loan program could help. Many American homeowners have suffered reduced income or loss of employment during this past year due to the coronavirus pandemic. Forbearance and loan modification programs can help, but many covid-related housing relief programs […]