Understanding the Real BenefitsThe most common reason to refinance is to lower your monthly payment by getting a better interest rate. But refinancing can also help you pay off your loan faster, switch from an adjustable to a fixed rate, or tap into your home equity for important expenses. If your credit score has improved, or if your home has gained value, you may qualify for better loan terms now than when you originally purchased. Lower Monthly Payments or Faster PayoffEven a small drop in … [Read more...]
Why Shopping for a Mortgage Can Save You Thousands
When buying a home or refinancing, comparing mortgage options can make a significant financial difference. Many borrowers assume that the first loan offer they receive is the best one, but taking the time to explore multiple lenders can lead to substantial savings. How Comparing Mortgages Saves Money Lower Interest Rates: Even a slight difference in interest rates can impact your monthly payments and the total amount you pay over the life of your loan. A lower rate can mean saving thousands of … [Read more...]
Want To Buy A Home? Here’s How You Can Save Your Own Down Payment
Burdensome student loan debt and a penchant for purchasing new electronics by 20- and 30-somethings can make saving up for a down payment on a home seem impossible. But Millennials and other potential home buyers may be surprised to discover that previous generations had money-saving challenges of their own. Consider for a moment that many of our valued elders did not have the level of opportunity to attend college and earn a high-paying job. Look further back and you may realize that the … [Read more...]
