True or False: Independent Mortgage Brokers Can Offer Realtors and Brokers Better Service than Big Lenders. TRUE: According to Housingwire.com, Independent mortgage brokers are cheaper, faster and offer better customer service.  Below are some of the misconceptions and the explanation of why they may be totally wrong today. True or False: Independent Mortgage Brokers Have…

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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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Part 1 www.HomeRefiNetwork.com wants you to know mortgage loan borrowers have important rights.  I am constantly amazed by how many people take out a mortgage without understanding the process, the legal contract they are signing, their liabilities and their protections.  Today’s post is meant to shed light on some of this, starting with what the…

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There’s no place like home for the holidays.  There’s even a song about it.  The thing is, if that home is so expensive that you are house poor, it can ruin your holidays with stress.  To enjoy your home, you need to figure out how to afford it. Home refinance applications are down from last…

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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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HomeRefiNetwork.com The rates are low, but holidays are around the corner.  Is now really a good time to refinance your home?  If you can save at least one percent on your interest rate and the closing costs are reasonable, yes.  That said, how you proceed is important. IF you haven’t checked your credit in the…

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The federal reserve rate drop has enticed more homeowners to refinance their existing mortgages.  Mortgage News Daily reports the refinance index increased 144 percent over the save week one year ago.  Mortgage applications are up 1.5 percent from the previous week, mostly from refinance applications. Bottom line, if borrowers haven’t been able to find their…

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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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