05
Dec
By Todd Grey
Mortgage Tips, ,

You Ask, We Answer: How to Choose Between Expanding Your Current Home and Buying a New One

Does your home feel like it's starting to burst at the seams? Many homeowners across the country can relate to this feeling having bought a home only to run out of space due to a growing family or for other reasons. Let's take a quick look at a few questions that will help you to determine whether buying a new home or expanding your current home is the best choice when you're in need of some extra space. Why Are You in Need of More Space? The first question you'll need to answer is... "why?" Are you running out of…
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04
Dec
By Todd Grey
Mortgage Tips, ,

Understanding Why You Don’t Need to Pay Off Your Mortgage Early

Many homeowners feel pressure to pay off their mortgage as quickly as possible but faster is not always better. In many real-life situations, directing your money toward other financial steps can offer more growth, more protection, and more flexibility. Understanding when early payoff is helpful and when it is not can give you greater confidence in your long-term plan. Your Mortgage Rate Matters More Than You ThinkA major factor in this decision is your current mortgage rate. Many homeowners secured low rates in recent years that are far below the interest charged on credit cards and other consumer loans. When…
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02
Dec
By Todd Grey
Mortgage Tips, ,

When and How to Save Money by Refinancing Your Mortgage

Refinancing can be a smart way to lower your monthly payment, reduce your interest rate, or tap into equity for financial goals. Many homeowners wait too long to reconsider their loan, but the right timing can put real money back into your pocket. Understanding when to refinance and how the process works helps you make a confident decision. Understanding Why Refinancing MattersRefinancing replaces your existing mortgage with a new one that may offer better terms. Homeowners often refinance to secure a lower rate, shorten their loan term, remove mortgage insurance, or consolidate high interest debt. Even a small rate improvement…
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13
Nov
By Todd Grey
Mortgage, ,

Natural Disasters and Mortgages: Forbearance and Insurance Options

When natural disasters strike, homeowners can find themselves facing unexpected challenges. From hurricanes and floods to wildfires and tornadoes, these events can cause major property damage, income loss, and emotional stress. If you have a mortgage, knowing your options for forbearance and insurance relief can make a significant difference in how you recover financially and protect your home. Understanding Mortgage ForbearanceMortgage forbearance is a temporary pause or reduction in your mortgage payments during times of hardship. After a natural disaster, many lenders and government agencies offer special forbearance programs to affected homeowners. This allows borrowers time to rebuild, repair, or…
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28
Oct
By Todd Grey
Home Mortgage Tips, ,

Understanding Mortgages and Inflation and How Borrowers Can Benefit

Inflation affects nearly every part of the economy, from grocery prices to the cost of borrowing. For homeowners and buyers, understanding how inflation impacts mortgage rates and payments can be a powerful advantage. While rising prices can feel discouraging, there are strategic ways borrowers can benefit during inflationary periods. How Inflation Impacts MortgagesWhen inflation rises, the value of money decreases, and interest rates increase. This is because lenders want to protect the value of the money they lend. Higher inflation can mean higher mortgage rates for new loans, which may reduce affordability for buyers. However, for existing homeowners with a…
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