The coronavirus outbreak that has grabbed world headlines could also be partly responsible for you getting a better mortgage loan interest rate if you refinance an existing mortgage or even choose to buy a new home. What on EARTH are we talking about with a headline like this? It’s simple. The coronavirus and its’ related quarantines in Wuhan in the Hubei province in central China, Italy, Japan, and elsewhere may not DIRECTLY affect … [Read more...]
Mortgage Scams To Avoid
Mortgage scams to avoid come in a variety of different types and not all of them have to do with purchasing a home or applying for a new loan to so. The Department of Housing and Urban Development warns consumers that mortgage scams frequently involve foreclosure avoidance schemes or refinance loans instead of new purchases. New purchase loans are not always scam-free. But there are some things you can do to protect yourself when buying the … [Read more...]
Should I Refinance My Home Loan?
Should I refinance my home loan? That is a question many homeowners ask. And it's a question that is especially relevant when news headlines at CNN Money and elsewhere reflect a trend toward lower mortgage loan interest rates. When rates go down, the ability to refinance into a lower mortgage interest rate is very attractive, but who should consider making the jump? The United States Federal Reserve Board weighs in on this question on its’ … [Read more...]