Looking for firefighter home loans can be a bit of a rabbit hole. The more you dig, the more you find. There are many resources that offer all kinds of help, but is it the help you need? We did some digging for you.
There are options available for home improvement financing and in this post we’ll briefly cover the cash option and also how to leverage your home’s equity.
The war in Ukraine has created some market volatility, but that’s not unusual. In uncertain times global investors will look to move their investments into areas they feel are safe from conflict. This can cause fluctuations in the prices of US Treasuries, and yes, even mortgage bonds – which in turn impacts mortgage interest rates.
How important is it to get pre-approved for a home loan? The outcome of getting pre-approved is receiving a pre-approval letter. This letter is the golden ticket that allows you to be seriously considered by a seller to purchase their home. Without one, your chances of winning the bid on a home with multiple offers is slim to none. Therefore, it’s good to know the process of how to get pre-approved for a home loan and other answers to commonly asked questions about mortgage pre-approval.
Housing affordability is an increasing concern, but there is a population of 41 million people, 45 years or younger in the U.S. who are “mortgage ready” according to a Freddie Mac report.
That’s a lot of potential first-time buyers. Homeownership is critical for building long-term wealth, and most first-time homebuyers rely on obtaining a mortgage to become homeowners.
Interest rates are at all time lows, I’m sure you’ve heard. But what exactly is an interest rate? Why does it matter if they’re low? How can you get an interest rate even lower? In this edition of Open House, I’ll address all these common questions and more as you prepare to buy or refinance a home. Read More “Open House: Guide to Interest Rates”
When you bought your home, you took out a mortgage loan for the cost of your house. If it was your first home, maybe your credit score was lower, and you had a higher interest rate. If it was a few years ago, you almost surely had a higher interest rate, as current rates are at or near historic lows. Maybe you’ve put a lot of work into renovating your house, and it will appraise for more money. All of these are good reasons to refinance your mortgage as a physician. You’ve heard it can save you money, but what does refinancing your mortgage even mean? Read More “Physician Mortgage Refinance | Save on Closing Costs”
With interest rates currently near all-time lows, more and more people are looking to buy a home. Almost everyone will need to secure a loan to pay for the house once they find one. One of the most common mortgage loan options is a conventional home loan for healthcare workers. Find out what makes a conventional home loan so popular, and how Homes for Heroes can help you secure one.
Refinancing your mortgage is supposed to save you money or free up some cash so you can pay for home improvement projects or other needs. But refinancing can also be expensive. That’s because refinance closing costs add up in a hurry, potentially costing you thousands of dollars. In fact, the average cost to refinance a mortgage is $4,345. Thankfully, there are ways to avoid some of these costs and keep more money in your pocket. Here’s a look at some common refinancing costs and what you can do to save money.
Even at its best, refinancing your home can still be a long, difficult process. So, when it finally comes time to close on your new mortgage, it’s almost always a huge relief. But the work isn’t quite done yet. There are a number of steps you’ll need to take to ensure a successful refinance closing. Here’s what to expect from the refinance closing process as well as a checklist to keep everything in order.