Mortgage rates continue near record lows. If you are still paying a higher than average interest rate on your mortgage, it might be worth it to consider refinancing.
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One of the decisions you have to make when you buy a home is often whether you want a more “standard” 30 year mortgage, or if you want a 15 year mortgage. You should also understand the implications of each type of loan.
How much house can you afford if you want to keep yourself in a sound financial position? How much should you spend if you also want to build wealth?
When you add it all up, selling a home can cost thousands of dollars in commissions, fees, taxes and other costs. Here's what costs to expect when selling your house.
When you are making a large purchase, like a home, it's important that you get the best possible deal on your home loan. When you buy a home with a mortgage, you are promising to pay your lender back with interest. If you aren't careful with what you choose to do, you could end up with a higher interest rate that costs you tens of thousands of dollars over the life of your loan.
Instead of cashing out, some homeowners are instead using a cash-in refinance. This type of refinance is the complete opposite of a cash-out refinance; instead of taking money out, you pay money to reduce the principal while you refinance your home.
Last week 30 year fixed mortgages reached historic lows. Why are so many people still having problems buying a house or refinancing?