Mortgage Tips


  • An Alternative to Paying Mortgage Points

    If and when you take out a mortgage, you’ll be faced with an important choice. To pay or not pay mortgage points. In short, those who pay points should hypothetically secure a lower interest rate than those who do not pay points, all else being equal. That’s because mortgage points, at least the ones that [&hellip

    The post An Alternative to Paying Mortgage Points first appeared on The Truth About Mortgage.

  • How to Move Out of Your Parents House

    There’s nothing inherently wrong with living with your parents, other than EVERYTHING! So let’s talk about how to GET OUT! To be clear, I’m going to discuss moving out and buying a place of your own, not moving out and renting, seeing that the latter is fairly self-explanatory. The desire to move out might be [&hellip

    The post How to Move Out of Your Parents House first appeared on The Truth About Mortgage.

  • If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders

    A lot of homeowners are looking to refinance their mortgages at the moment. That’s abundantly clear based on the record volume of refis expected this year, per the MBA. And while mortgage rates are in record low territory, thus making the decision to refinance an easy one for most, it still pays to shop around. [&hellip

    The post If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders first appeared on The Truth About Mortgage.

  • The Top 15 Refinance Questions Answered

    With mortgage rates at or near all-time record lows, you’ve likely pondered a refinance if you’re an existing homeowner. But you probably have a lot of questions too, especially if it’s your first time refinancing a home loan. Let’s clear up some of the confusion by tackling some of the most common refinance questions out [&hellip

    The post The Top 15 Refinance Questions Answered first appeared on The Truth About Mortgage.

  • What Is a Streamline Refinance?

    Mortgage Q&A: “What is a streamline refinance?” While qualifying for a mortgage refinance is generally a lot harder than it has been in the past (now that lenders actually care how your home loan performs), there are less cumbersome options available. In fact, many lenders offer “streamlined” alternatives to existing homeowners to lower costs and [&hellip

    The post What Is a Streamline Refinance? first appeared on The Truth About Mortgage.

  • When Are Mortgage Rates Lowest?

    We’re all looking for an angle, especially if it’ll save us some money. Whether it’s a stock market trend, a home price trend, or a mortgage rate trend, someone always claims to have unlocked the code. Unfortunately, it’s usually all nonsense, or predicated on the belief that what happened in the past will occur again [&hellip

    The post When Are Mortgage Rates Lowest? first appeared on The Truth About Mortgage.

  • How to Get a Wholesale Mortgage Rate

    Mortgage Q&A: “How to get a wholesale mortgage rate?” Wholesale mortgage rates tend to be considerably cheaper than their retail counterparts, though it’s never a guarantee with so many lenders out there these days. To get your hands on one, you need to shop for your home loan with a mortgage broker, who has access [&hellip

    The post How to Get a Wholesale Mortgage Rate first appeared on The Truth About Mortgage.

  • Should You Prepay the Mortgage or Invest Instead?

    It’s been a while since I last posted a mortgage match-up, so without further ado, here’s the latest installment: “Prepay the mortgage or invest instead?” There are likely thousands of articles that deal with this very subject, all with plenty of differing opinions, but we are in unprecedented times. Mortgage rates have never been lower [&hellip

    The post Should You Prepay the Mortgage or Invest Instead? first appeared on The Truth About Mortgage.

  • Is Refinancing Worth It?

    With mortgage rates at or near record lows, a lot of existing homeowners are probably asking themselves, “Is refinancing worth it?” The problem is there’s no absolute right or wrong answer to this question, though with interest rates a lot lower than they were a year or two ago, the answer to this question will [&hellip

    The post Is Refinancing Worth It? first appeared on The Truth About Mortgage.

  • 10 Mortgage Lenders to Consider for the Best Mortgage Rates (and Fees!)

    Everyone likes a discount, right, even if it’s on a small one-time purchase that equates to a nominal amount. For one reason or another, it just feels like a win. It’s obviously even sweeter if you get a discount on a big-ticket item, as the savings will be much larger. Better yet, how about a [&hellip

    The post 10 Mortgage Lenders to Consider for the Best Mortgage Rates (and Fees!) first appeared on The Truth About Mortgage.