Refinance December 27 2019

4 Refinancing Myths BUSTED

You may have heard that refinancing could save homeowners thousands —so why are so many hesitant to see if they qualify?! There are common misconceptions about refinancing that tend to steer possible homeowners away. Consider these 4 myths about refinancing and why they should be kicked to the curb.

Myth 1: You Missed the Chance

You may have heard how the Fed is raising interest rates making you wonder if you’ve missed your chance to refinance—but don’t worry! As long as you’re clear on the costs associated with refinancing and confirm that the transaction will lower your monthly payments, refinancing can still be a great move.

Myth 2: You Won’t Qualify

Following the housing crisis in 2008, many lenders did tighten up their guidelines for mortgages. However, as the market improves, there are more opportunities for those with credit issues. The best way to find out is to talk to an expert, contact a Loan Officer to see if you qualify.

Myth 3: You Need 20% Equity in Your Current Home

Yes, lenders typically like homeowners to have 20% equity before refinancing, but there are options for those who don’t! According to Fox Business, the Federal Home Affordable Refinance Program is specifically designed to help homeowners with little to no equity. If you are a Veteran, you may also have options in getting a refinance with less than 20% in equity. You won’t know your options unless you ask.

Myth 4: Refinances are Costly

While there are costs that come with refinancing your mortgage, by the time you adopt lower interest rates and monthly payments those additional costs should be covered by the money you save down the road! Read our guide to the do’s and don’ts when refinancing and look into different refinance methods to find out what makes the most sense for your unique financial situation.  

Curious if a mortgage refinance is right for you?

Sources: www.realtor.com www.foxbusiness.com

September 23 2021

7 Surprising Things First-Time Homebuyers Should Never Do, According to Loan Officers

Loan Officers Rachel Alcaraz and Haley Aivazian share their must-follow tips for first-time homebuyers.

Read More

September 08 2021

Expand Your Living Space with the Ultimate Patio

With some creativity, DIY spirit, and a bit of a budget, you can transform your patio into a space not only that you love, but...

Read More

September 02 2021

Mistakes Sellers Make When Showing Their Home

Here are some do's and don'ts to help show your home in the most appealing light.

Read More

August 26 2021

Organize Your Home for Back to School

With school just around the corner, now's the perfect time to whip your home into shape and get ready for smooth sailing into...

Read More

August 18 2021

Home Repairs You Must Do Before You Sell

If you are getting your home ready to sell, you're better off fixing these issues now. And even if you aren't ready to...

Read More

August 11 2021

What is the Proposed First-Time Homebuyer Tax Credit?

Read More

August 05 2021

How to Find the Best Fixer-Upper Home

How do you know if a diamond in the rough is a good purchase? Here's how to test the waters and tell if it's okay to buy...

Read More

July 23 2021

5 Top Features Homebuyers Want in 2021

The past year of stay-at-home life has changed the way we live and think about our homes, and those changing priorities are...

Read More

July 21 2021

Is an FHA Loan the Best Choice for You?

There's more than one path to homeownership and a variety of home loan products that can help make it happen. One of those is...

Read More

12345Last

Search Results for query

July 14 2021

2021 Home Renovation Trends

This year, home remodeling dollars are flowing toward projects that improve our health, increase our privacy, boost our mood and make our homes a healthier place to be. Here are some ideas to steal as you plan your next house project.

Read More

July 07 2021

6 Surprising Ideas for an At-Home Staycation

Here are some ideas to help make your time staying close to home, time well spent —without spending much.

Read More

June 30 2021

4 Long-term Strategies for Paying Off Your Mortgage

How to save time, money and pay off your loan in a way that makes sense for you.

Read More

June 23 2021

3 Things You Should Never Do If You're Getting Ready to Buy a Home

Here are some of the top mistakes you should never make before you buy a home.

Read More

June 16 2021

Pest-proof Your Home and Yard for Summer

Here are some tried-and-true strategies for keeping bugs and other pests at bay during the summer months

Read More

June 09 2021

4 Ways to Weatherproof Your Home for Summer

How to inspect, repair, and get your home ready for warmer months

Read More

June 03 2021

Budget-friendly Outdoor Entertaining Hacks

Host a fab get-together without breaking the bank with these budget-friendly outdoor hacks.

Read More

May 25 2021

When is the Right Time to Refinance Your Mortgage?

Mortgage rates have been at historic lows for years, but with the post-pandemic economic uncertainty and possible inflation looming, there's been a scramble for homeowners considering refinancing.

Read More

May 20 2021

How to Choose the Right Closing Date on a New Home

What you need to know about setting a date that works for you and might save you money.

Read More

12345Last

Mortgage Calculators

Crunch the Numbers With Our Helpful Mortgage Calculators

Payment Calculator

payment calculator

Payment
Calculator

Affordability Calculator

affordability calculator

Affordability
Calculator

Refinance Calculator

refinance calculator

Refinance
Calculator

The Modern Digital Mortgage with a Personal Touch

Paperless. Effortless. Awesomeness TM

Simplify the home financing process with our Digital Mortgage. We'll be here to help navigate you through the entire process.

Get Pre-qualifiedWhat is a Digital Mortgage?