As Home Prices continue rising, homeowners may decide to love their existing homes.  If you have set aside the funds for this, great! If not, a home refinance might be a great option.  When the home renovation you want to do will improve the value of your home, such as kitchen, bathroom and en suite…

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Lots of sites are already listing the best mortgage loans of 2020, but the best mortgage loan program for you isn’t cut and dried.  Other factors affect what is more beneficial to each borrower. Credit Score.  You credit score is not static.  It changes depending on purpose of the credit pull and on your recent…

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Why Did my Bank Quote a Higher Interest Rate than Advertised? Ever notice the small print next to the in-bank posters with loan interest rates?  It is the bank’s way to cover itself when loan officers have to quote interest rates that are higher than those on the advertisement.  Rates are not set in stone;…

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Mortgage rates have fallen.  This is a GREAT time to refinance, and lock in savings before the holiday leaves you strapped for cash.  Think of what you can save by locking into lower rates today.  Why Refi Your interest rate sets the cost of your mortgage loan.  You borrowed money and agreed to repay the…

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Home sales are reportedly strong; political headlines indicate an uncertain future.  The result?  Interest rates are rising. The shift in the bond market was swift.  That kind of change is  usually based on weak economic data or politics clearly implicating economic negativity.  Turnarounds based on less concrete indicators may mean traders are willing to drive…

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Should you refinance NOW? Sept 18, 2019, the Federal Reserve announced a federal funds rate cut of .25% or 25 basis points.  The immediate results of this is that funds to banks will cost less, which hopefully will affect the interest rate your bank will offer you, as a borrower.  But your bank lending rate…

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