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1,
2019
The Adjustable-Rate Mortgage (ARM) has been a useful option for borrowers looking to minimize their interest rate or planning another move sooner rather than later, and recently it has been growing in popularity. If you already have an ARM or are considering its advantages, it’s important to prepare for its namesake inevitability. Although the initial […]
26,
2019
With interest rates at historical lows, many homeowners are considering the benefits of refinancing their mortgages. While lowering your monthly payments can be appealing, restarting a 30-year mortgage could increase the total interest you’ll pay over a lifetime. On the other hand, refinancing to a shorter-term, 15- or 20-year loan could actually save you money […]
5,
2019
With mortgage rates at historic lows, the Federal Reserve recently cutting the funds rate for the first time in a decade, and more rate cuts expected as soon as this month, many homeowners can now benefit from refinancing. But how do you know if refinancing your mortgage is the right move? We’ve put together five […]
20,
2019
At its July meeting a few weeks ago, the Federal Reserve lowered the federal funds rate for the first time in a decade. The quarter-point cut, intended to offset early signs of a slowing economy, brings the federal funds rate down to just 2 percent. While the rate cut impacts financial institutions more directly than […]
6,
2019
The simple answer is yes. Much like a traditional mortgage, it is possible to refinance an existing reverse mortgage. Determining if it’s in your interest to do so can be a more complicated decision. Despite its differences from a conventional mortgage – limited to homeowners age 62 and up, and providing a way to […]
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