Your Home Equity – 3 Ways To Tap Into It and 4 Ways To Best Use It

Your Home Equity – 3 Ways To Tap Into It and 4 Ways To Best Use It

In Partnership With Home equity is the difference between the current value of your home and the amount you owe on an outstanding mortgage. It may increase over time as the value of your property rises. Your equity also increases…
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How Does the Fed Rate Hike Affect Homebuyers?

Earlier this month, Federal Reserve officials increased the federal funds rate by 0.25 percent, marking their first rate hike since 2018. You might be wondering why they would do this amid high inflation and rising gas prices. Increasing interest rates…
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FHFA Eliminates Adverse Market Refinance Fee

Rates dropped to historic lows over the past year and a half, with many homeowners taking advantage of these market conditions and refinancing their mortgages. Refinancing to a lower rate can save you big on your monthly payment and the…
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Fannie Mae and Freddie Mac Announce New Refinance Programs for Low-Income Families

Last year was exceptional for many reasons. For homeowners, an unexpected positive result of the pandemic was historically low interest rates. These low rates resulted in the most refinances in nearly two decades. While many Americans took advantage of these…
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How You Can Avoid Private Mortgage Insurance

There are many fees associated with buying a house, from inspections to appraisals to insurance. Most buyers don’t want to spend more than they need to, so it’s a good practice to do some research to find out just what…
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How Often Can You Refinance?

Have you questioned, “How many times can I refinance my home?” The short answer is that you can refinance your loan as many times as it makes sense for you to do so. But what does that mean? You are…
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Home Appraisals 101: What You Need to Know

Whether you’re buying a new home or refinancing your current property, an appraisal is an essential part of your mortgage process.  Lenders typically require a professional, independent appraisal of the home you want to buy or refinance. This ensures the…
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The Complete Guide to Your Mortgage Refinance

Does refinancing your home make sense for you? If you’re unsure, you’ve come to the right place. While many think the purpose of refinancing is to take advantage of lower rates, there are several reasons why homeowners choose to refinance.…
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How the Fed’s Emergency Rate Cut Affects Mortgage Rates

With concerns surrounding the stability of both domestic and global markets, the United States Federal Reserve held an emergency meeting Sunday to combat the economic impact from the COVID-19 global pandemic. The result of the meeting was the announcement of…
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Is Now the Right Time to Refinance?

It’s no secret that today’s interest rates are at historic lows.  What you might not know is that as a homeowner, you may be able to take advantage of these historically low rates by refinancing your current mortgage.  Depending on…
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