01
Apr
By Todd Grey
Mortgage, ,

Make One Extra Mortgage Payment Every Year To Save Big

When you buy a home, you probably have a budget you will try to stick to. Many people choose a 30-year fixed mortgage, and by the time you pay off the home loan, you should own your home outright. At the same time, you might be thinking about paying off your mortgage more quickly to save money on interest. Even making one extra mortgage payment per year can provide a number of significant benefits. You Can Build Up Equity Faster One of the first benefits of making an extra mortgage payment every year is that you can build up equity…
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29
Mar
By Todd Grey
Mortgage, ,

How To Transfer The Funds To Buy A House

If you have made an offer on a house and gotten it accepted, congratulations! This is a major step, but you might be wondering how you actually pay for a house. The days of showing up to the closing table with a personal check are in the rearview mirror, as nobody wants a check for a house to bounce after the other person has already walked away with the keys. Furthermore, even if you are buying a house with cash, you certainly do not want to show up with a briefcase full of dollar bills. Here is how you will…
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22
Mar
By Todd Grey
Mortgage, ,

Can I Pay My Home Loan Off Early If I Refinance?

Many people are looking for opportunities to save money on the cost of a mortgage. If you want to save money on your home loan, you might be thinking about refinancing. During the refinance process, you will replace your current home loan with a new mortgage. Some people want to refinance their homes to free up cash for a renovation project, while other people want to pay off their homes sooner. How can you pay off your home loan early through a refinance? Reduce Your Interest Rate  During the refinance process, you might qualify for a lower interest rate. There…
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15
Mar
By Todd Grey
Mortgage, ,

What Are The Top Signs You Need To Refinance?

You might have heard that more people are refinancing these days. During the refinancing process, you essentially take your current home loan and replace it with a different one. You can reduce your mortgage payments, shorten the life of your loan, or withdraw cash you can use for other purposes. What are a few of the signs that indicate you should consider refinancing?  You Can Secure A Lower Interest Rate If you think you can secure a lower interest rate on your mortgage, it might be time to refinance. There are a number of reasons why you might be able to…
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11
Mar
By Todd Grey
Mortgage, ,

How Can A Cash-Out Refinance Help You?

If you have been in your home for a while, you might be able to refinance. If your credit score has increased, your income has gone up, or the average home loan interest rate has gone down, you might be able to conduct a cash-out refinance. During this process, you can keep your mortgage payments the same, secure a lower interest rate, and withdraw the difference as cash. What can you do with this extra cash?  You Can Make Improvements To Your Home One of the most popular ways people use a cash-out refinance is to increase the value of…
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