As of December 1st, 2020, the FHFA (Federal Housing Financing Agency made certain refinancing loans subject to what is known as the Adverse Market Refinance Fee. This newly created fee could impact refinancing costs for some homeowners. As it currently stands, the fee will apply to conforming conventional mortgages with balances over $125k. A conforming […]
Should You Refinance Your Home Right Now?
Are you looking to reduce your monthly payment? perhaps reduce your mortgage term from a 30-year mortgage to a 15-year mortgage? Are you looking to take advantage of your home equity and receive cash out to complete home improvements or pay off debt? These choices would depend upon your Life goals current budget, and financial […]
Refinancing Your Mortgage Amidst COVID-19 Crisis
In times of financial prosperity, people are optimistic about purchases and financing. Consequently, many people have ridden the swelling prosperity of the past few years with little urgency or regret. Unfortunately, we now see what can happen during times of great uncertainty and financial instability with the advent of COVID-19. Tapping into Your Home’s Equity […]
6 Things You Should Take into Consideration Before Refinancing Your Home
With today’s low rates, you may be thinking about refinancing your current mortgage. Before you do, you want to make sure that it’s worth your while and right for your current financial circumstances. Here are some things you should consider when deciding to refinance your current mortgage. Consider the Interest Rate The rule of thumb […]
