With mortgage interest rates as low as they are at the moment, you may be looking beyond fixed-rate options if youâre in the market to purchase a home or refinance an existing home loan. After all, while 30-year fixed mortgage rates are hovering around 2.75%, some adjustable-rate mortgages are in the very low 2% range. [&hellip
The post Why Adjustable-Rate Mortgages Are Bad News Right Now first appeared on The Truth About Mortgage.
Weâre all looking for ways to cut down on expenses â especially fixed expenses that lock us into a contracted bill month after month. One common way to spare your budget is to decrease your living expenses, including your house…
The post How Long Does It Take to Refinance a House (+ 5 Ways to Speed Up the Process) appeared first on MintLife Blog.
The internet is a treasure trove when it comes to finding information that can help you buy your first home. Unfortunately, searching for âHow much house can I afford?â will mostly lead you to online calculators that use an algorithm to come up with a generic estimate. To come up with a figure, these calculators […]
The post How Much House Should I Afford? appeared first on Good Financial CentsÂ®.
If and when you take out a mortgage, youâll be faced with an important choice. To pay or not pay mortgage points. In short, those who pay points should hypothetically secure a lower interest rate than those who do not pay points, all else being equal. Thatâs because mortgage points, at least the ones that [&hellip
The post An Alternative to Paying Mortgage Points first appeared on The Truth About Mortgage.