Do you really skip a mortgage payment when you refinance?
The answer is both yes and no. Let us break it down for you. When you refinance your mortgage, you typically won’t […]
Category: Refinance
Mortgage Refinance: The Fact of Relativity
I hear people say not to refinance a home mortgage unless you lower your rate by at least 1%. This rule of […]
Are There Really No-Cost Refinance Loans?
No, it’s a myth. I hear people tell me all the time how they were offered a “no-cost refinance” through their current lender, so […]
To Escrow or Not To Escrow, That Is The Question
When preparing a refinance loan or purchase transaction, I often get asked, “Should I escrow my payments?” Many lenders encourage borrowers to […]
Low Home Appraisal, and How it Affects a Refinance
Did you hear about the house down the road that sold for next to nothing?
Lower Interest Rate Can Mean Big Savings
Two percentage points. It doesn’t sound like much, but it can translate to thousands of dollars!