To refinance a mortgage means to pay off your existing loan and replace it with a new one.
There are many reasons why homeowners opt to refinance, from obtaining a lower interest rate, to shortening the term of the loan, to switching mortgage loan types, to tapping into home equity.
Each has its considerations.
Lower Your Mortgage Rate
Among the best reasons to refinance... [Read more of this blog post]
Real estate investments are still going strong and will probably continue to be a popular method of financial gain into the future.
Real estate is solid. It is a tangible product that is attractive to both beginning investors and experienced pros. The most important part of getting started in real estate investing is knowing what you’re getting into and what to... [Read more of this blog post]
Last week’s economic news supported the general outlook for moderate economic growth. Housing related news included the National Association of Home Builders / Wells Fargo Housing Market Index for April and Housing Starts for March.
NAHB: Builder Confidence Holds Steady Amid Concerns
The NAHB/Wells Fargo HMI for April ticked upward by one point to a reading of 47... [Read more of this blog post]
When people purchase their home, one of their common requests is “plenty of light.” And for good reason! This is a critical factor for enjoying your home, and when designing your interior, you should pay special attention to just that: your sources of light.
See them not only as a way to brighten up your room, but also as an opportunity to infuse your home... [Read more of this blog post]
When it comes to selling your home and getting the full selling price you want, there are certain tactics and methods you can employ to ensure that this wish becomes a reality.
Avoiding the commonly made mistakes that end up lowering the value of your home and discouraging people from viewing it is ultimately the key in getting top dollar, as well carrying out the showings... [Read more of this blog post]
Something that the Europeans have been doing for decades has finally made its way over the Atlantic Ocean to North America: the trend is called micro housing, and it’s turned into an entirely new way of living.
With micro housing, we’re beginning to do away with oversize condos and even detached homes, learning to live in a more minimalistic manner and curbing... [Read more of this blog post]
While the traditional method of trawling for sale listings, making bids, and negotiating with the seller has been a popular rite of passage for many home buyers, buying a house at auction is swiftly becoming a favored way to purchase property.
Buying a home through auction can be tricky, so it’s best to do your research and keep your cool on auction day, lest you... [Read more of this blog post]
While little housing-related news was released, last week’s economic news showed signs of a brighter economic picture.
Labor statistics were stronger, with job openings up and new jobless claims filed lower than expected.
Mortgage rates fell, and the University of Michigan’s Consumer Sentiment Index was higher than expected.
More Jobs Available, Fewer New... [Read more of this blog post]