16
Jun
By Todd Grey
Mortgage, ,

Deciding Whether To Move or Refinance: Which Is The Better Option?

There are a lot of people who are wondering if now is the right time to move or refinance their current home loan. With interest rates still favorable, a lot of homeowners have the potential to save a lot of money if they are able to secure a home loan with a lower interest rate. There are two ways homeowners can secure a home loan with a lower interest rate. The first is to refinance. The second is to move. Which option is better? There are a few key points to keep in mind. Taking A Closer Look At Refinancing There…
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27
May
By Todd Grey
Mortagage Tips, ,

Is Now The Time To Refinance Your Mortgage?

To refinance a mortgage means to pay off your existing loan and replace it with a new one. There are many reasons why homeowners opt to refinance, from obtaining a lower interest rate, to shortening the term of the loan, to switching mortgage loan types, to tapping into home equity. Each has its considerations. Lower Your Mortgage Rate Among the best reasons to refinance is to get access to lower mortgage rates. There is no "rule of thumb" that says how far rates should drop for a refinance to be sensible. Compare your closing costs to your monthly savings, and…
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08
Apr
By Todd Grey
Mortgage, ,

Looking at Home Mortgage Refinancing in 2021

In 2019 many people expected that the home lending market was going to eventually grow more expensive. Instead, 2020 spent its entire 12 months becoming more affordable when it came to financing a personal home, moving in the opposite direction of what was expected. Not only did the loan cost drop break previous records, but it also presented an additional opportunity for homeowners to reposition and take advantage of lower borrowing costs again. The General Advantages of a Home Loan Refinance The refinancing of a mortgage has traditionally been three-fold. First, it is a chance to re-negotiate the loan on…
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11
Feb
By Todd Grey
Mortgage, ,

The Top Tricks For Updating A Home On A Tight Budget

There are a lot of people who are looking for ways to get the most money out of their property when they put it on the market. One of the tricks to doing this is to update the home before it goes on the market. Unfortunately, this can also be expensive. Even though it is true that many homeowners will be able to recoup the price of the renovations when they list the home on the market, we still need to pay for these updates out-of-pocket. This can be incredibly expensive and could take money from other important areas, such…
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20
Jan
By Todd Grey
Mortgage, ,

4 Steps to a Smooth Mortgage Refinance at a Rock-Bottom Rate

Right now is the best time to look at refinancing your home. Even if your current mortgage is as young as a year old, you might find that a refinance is in your best interest. Be Sure That A Refinance Makes Sense With today’s rates, refinancing makes sense for many homeowners, but it might not be the right move for you. Depending upon your mortgage, you may pay a penalty if you prepay early. Also, if you’ve paid heavily into your mortgage, refinancing into a new 20 or 30 year mortgage could cost you money over the long-term. The bottom line…
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