Many borrowers and aspiring homeowners assume that they’ll be making mortgage payments for a full 30 years. While the 30-year mortgage has long been the standard, it’s important to know that other options exist—including one that cuts the standard loan term in half. Of course, we’re talking about the 15-year...
Category: Advice
What to Expect During the Home Loan Process
Buying a new home is exciting, but it can also be a little intimidating, especially if you have never done it before. The loan process, in particular, can seem daunting. Certainly, there will be some paperwork to complete, some regulatory hoops to jump through, and several steps to the process...
When Should I Consider Refinancing?
The home loan process is something that most homeowners go through at least once. When it comes to refinancing your home mortgage loan, is it worth it to go through the process again? The answer is yes, with some caveats. Refinancing can certainly be beneficial, but it’s not always a...
5 Mortgage Refinancing Errors to Avoid
There are many reasons to consider a mortgage refinance—shrinking your monthly payments, minimizing your interest rate, or freeing up additional cash for another major purchase. With that said, refinancing doesn’t always work out as borrowers hope it will, and there are a few common refinancing errors you’ll want to avoid. ...