should you switch to a 15-year mortgage

The decision to refinance your mortgage can be challenging, especially when you’re trying to accomplish two different objectives at the same time. Rather than evaluate your term and rate together, let’s break it down and look at these objectives separately to understand whether they make sense for your financial situation. Should I switch from a […]

pros and cons of refinancing mortgage

Your home is one of the most expensive things you’ll buy in your life. They’re so expensive that most people need to use a mortgage to borrow money to buy their home. Some people call mortgages “good debt” because they help you buy an asset. Real estate is valuable, and owning a home can help […]

calculate home affordability. Home affordability rules of thumb

Refinancing a home loan can help you save money or accomplish other financial goals. But refinancing isn’t free. How much it will cost you to refinance your mortgage depends on the type of loan you choose, your loan amount, and where you live. Here are the details. How much will it cost to refinance my […]

Invest or pay off your mortgage. Find out which one makes sense for you.

Drowning in debt? High interest rates could be the culprit. High-interest debts, like credit card and personal loan debt, can really eat away at your bank account. For many people, though, that’s just the beginning. Don’t forget about the interest rates on your biggest debt: your mortgage. How to use a mortgage refinance to get out of […]

HARP 2.0 HARP loan

The Home Affordability Refinance Program (HARP loan) was started by the U.S. Government in 2009 to help out homeowners who had very little or no equity in their homes. Even people whose homes are underwater — meaning they owe more on their mortgage than their home is worth — can refinance through HARP. Back in 2009, there were some […]

Should you refinance mortgage

Refinancing — paying off your existing mortgage and getting a new one — can be good for your finances, if you get a better interest rate and/or lower monthly payments. However, there are fees for refinancing, so it’s not always the ideal choice. Also, refinancing can lengthen the term of your loan, which could cost […]

Mortgage Refinancing

Mortgage refinance is a popular strategy among homeowners because it can lower one of their largest expenses: the mortgage interest rate. But refinancing your mortgage can also be a big investment in time and money. Only refinance your mortgage if the savings justify the effort and expense. If you’re on the fence about refinancing, answer […]

Mortgage Refinancing

Mortgages represent the largest component of household debt in America. This makes mortgage refinance one of the biggest opportunities for reducing debt and interest payments. Before you select a new loan, shop around for the best rates, and calculate your break-even point. Mortgage rates have fallen to record lows, leading to a refinancing boom. However, […]