Considering Mortgage Refinancing Rates: When Is It Worth It?
When a mortgage is refinanced, the borrower pays off his or her current loan and replaces it with a new one. There are many reasons to refinance a mortgage: the chance to get a lower rate or shorten the term, the wish to move from an adjustable rate to a fixed-rate mortgage, or debt consolidation, […]
Tips on How to Improve Your Credit Before Buying a Home
Now more than ever, it is important for potential home buyers to prepare their credit for the mortgage application process. Cleaning up a credit report and increasing their credit score will improve a buyer’s chances of a loan approval. For those who already have great credit, maintenance is key to securing a favorable interest rate. […]
