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, […]
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 […]
Home renovations and remodels come in all shapes and sizes. Blowout kitchens, bonus rooms, adding a home office, or giving your bathroom a facelift. Thousands of homeowners across the country are refinancing their mortgages to take advantage of low mortgage rates. So if you’re thinking about refinancing to start a home remodel, you’re in good […]
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, […]
Homeowners across the west coast have been asking how they can maximize their home equity options, and reverse mortgages are becoming a popular topic. For the first time in a decade, many homeowners have more than 20% home equity. What’s more, while many have relocated over this past year, most homeowners over the age of […]
Investing in real estate can protect against inflation, expand your wealth portfolio and hedge against stock market volatility. Still, investing in real estate is not without its own risks. If you’re thinking about buying a second home or investment property, it’s wise to know your options. Especially how to finance an investment property. Doing a […]
So you’re in a bidding war, and you know your offer needs to stand out. For homebuyers who have the cash, making an all-cash offer can get you across the finish line and into your dream home fast. Making an all-cash offer removes the financing contingency and puts you in a competitive position. When sellers […]
If you’re behind on your mortgage payments or even facing foreclosure, you might be able to save your mortgage by requesting a loan modification or refinancing your mortgage. On July 23, 2021, the Biden Administration announced a new plan to offer mortgage relief to homeowners, reducing some mortgage payments by up to 25%. Under […]
When you’re ready to buy a home or refinance a mortgage, an escrow account will inevitably be part of the mix. A purchase escrow account safely holds funds during every real estate transaction. A mortgage escrow account holds funds during the life of the mortgage to cover property taxes and insurance premiums. Escrow accounts protect buyers, sellers, agents, […]
When you’re ready to buy a home, you can lower your interest rate by buying mortgage points. If getting the lowest interest rate is your primary goal, then choosing to buy mortgage points or “discount” points can make a lot of sense. But paying mortgage points at closing isn’t always the best financial decision when […]
Sign up to receive the latest from C2 Financial Home Loans
