With today’s low interest rates, many homeowners are refinancing their mortgages. In doing so, they will be not only paying less interest over the life of the mortgage but also lowering their monthly payments. Timing is everything when it comes to refinancing your mortgage. If you wait too long and interest rates climb, you could [...]
This article was updated on 4/25/17. If you are gearing up to buy a home, your credit score could mean the difference between a manageable mortgage payment and one that breaks the bank. That’s because your credit score is one of the biggest factors lenders use to determine your mortgage interest rate and how much [...]
You'll often hear people ask whether they should prepay their mortgages, and for many it makes sense to prepay. Q: I hear and see so many financial advisors and experts recommending that people pay off their mortgages by making an extra mortgage payment each year. The reality is that it would be easier for the [...]
