Did you know refinancing your mortgage could mean lowering your monthly payment, building equity, and saving thousands of dollars in interest? Not sure how refinancing works? Are you wondering how soon can you refinance a mortgage?In simple terms, a refinance is replacing your current mortgage loan with a new loan. When you refinance, the…

The median credit score for mortgage approvals is around 759. Your credit score is one crucial aspect of the mortgage process, but lenders also look at other factors. If you already have a mortgage, you might be considering refinancing it. Homeowners do this for many reasons, but it's not an overnight process.Instead, the mortgage refinance process…

House prices rose in 2021, but the average interest rate on mortgages was 2.9%. These low-interest rates caused a spike in home sales and led to a rise in refinances and second mortgages.Competitive interest rates typically lead to more loan originations, which means that people consider refinancing or getting second mortgages during these times.If you're…

First-time home buyer loans can be disturbing due to paperwork and the lack of widespread knowledge. However, these mortgages are actually some of the most powerful tools available to people looking to buy their first home. It's not in vain that over 2 million houses are sold to first-time buyers every year.  Everyone dreams of…

After working hard for a few years, it is time for you to take that critical step in your life and purchase a house. However, what is a mortgage, and how does it work?Over 6 million existing houses changed ownership between September 2020 and 2021 at a median price of 352,800 dollars, according to…

Do you want to know what are the mortgage rates today? When you are buying a house, refinancing your home, or making a second loan, rates would be one of the most important topics you will have to deal with.Real estate expert Joe Mays once said, "the universe of mortgage lending has gotten to…

Are you considering refinancing your mortgage? Your new home is already yours after a few years, and you have a better economic status. You might want to reconsider your house monthly payment, or you could try to get a lower interest rate on your home loan after checking what mortgage rates are today. You are…

Learn what is mortgage insurance and how it works before deciding on buying your dream home. Private or government loans, types of insurance, payments.