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Shop APR?
Is APR (annual percentage rate) the best way to shop for a mortgage? APR was set up by the federal government to make is easier to compare mortgage offers. You understanding of APR and whether this government strategy works.
Home » Refinance (Page 2)
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Should you pay Discount points?
Are discount points worth paying? Watch this video to find out.
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Mortgage Origination fee?
What are Origination fees and should you pay them when refinancing? This video explains origination fees and how to decide if they are required. Origination Fees are fees paid to the lender for them to process your mortgage as opposed to discount points which are paid to lower your interest rate. Origination fees do not lower your interest rate and are usually charged because of some issue with the loan such as the loan-to-value/credit scores adjustment or if you are [...]
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What are Discount Points?
You’ve heard of discount point. You know they are expensive but what are they and how do they affect your mortgage finance. This video will explain closing costs and you will learn how to calculate if discount points will benefit you!
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Should you pay additional principal?
Paying extra on your mortgage may make sense. Watch this video to understand the pro’s and con’s of this strategy.
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That’s? Tax Deductible
That’s? Tax deductable! Yes, it just might be. Let’s talk about the costs on a home mortgage that we find are generally tax deductible. Please understand that I am not a tax consultant and cannot advise you on what is and what is not tax deductible. You need to check with your tax consultant or the IRS. All I am giving you is the generalizations that we see. These are not set in stone and do not mean that they [...]
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Should you consider an ARM?
Adjustable Rate Mortgages (ARM’s) are misunderstood. They are not the right mortgage for every situation but depending on the ARM type and features the correct ARM could save you thousand of dollars on you mortgage. Learn if you can benefit from an ARM mortgage.
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When will you move or refinance your home?
How long will you have your mortgage. Knowing the answer to this question could save you thousands of dollars on your mortgage.
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How long will it take to close?
There are many things that can affect the time it takes from application to close. Your stress level might drop if you understand these items.
