How does a HELOC work?

How does a HELOC work?

With so much equity flowing freely these days, getting a home equity line of credit (HELOC) can be a great way to pay for home renovations, help pay for a child’s college tuition, or finance other important financial goals. Unlike a traditional mort

Jun 27, 2023 | Refinancing a Home

Should I Consolidate My Debts with a Mortgage Refinance Loan?

Should I Consolidate My Debts with a Mortgage Refinance Loan?

In today’s world it can be easy to rack up lots of high interest debt: credit card bills, student loans, auto loans, etc. If you are a homeowner, you may be able to consolidate all that debt and make it easier to afford with a refinance loan. Here&r

Jun 06, 2023 | Refinancing a Home

What is a Refinance Break-Even Point?

What is a Refinance Break-Even Point?

When market interest rates are lower than your current mortgage rate, it often makes sense to refinance into a new home loan to take advantage of the savings from lower interest. However, you don’t actually start saving money from day one, thanks to the c

Apr 20, 2023 | Refinancing a Home

What Fees are Included in Mortgage Closing Costs?

What Fees are Included in Mortgage Closing Costs?

When you buy a home or refinance your mortgage, you should expect to pay closing costs. What are these fees and what is it you are paying for? Closing Costs Defined Closing costs are charges for basically all the services it takes to put together a mort

Mar 14, 2023 | Purchasing a Home Refinancing a Home

2023 Conforming Loan Limits Jump $79,000, Giving Borrowers Plenty of Mortgage Options

2023 Conforming Loan Limits Jump $79,000, Giving Borrowers Plenty of Mortgage Options

Last week the Federal Housing Finance Agency (FHFA) announced the new conforming loan limits (CLL) for mortgage loans in 2023 and based on U.S. home price growth, they are increasing to 12% for the coming year. The new conforming limit will be $726,200 fo

Jan 19, 2023 | Purchasing a Home Refinancing a Home

Choosing the Best Type of Refinance Loan

Choosing the Best Type of Refinance Loan

If you are ready to refinance your current loan, there are actually several types to choose from. The right one for you will depend on your purpose for getting a new loan and your eligibility for specialty programs. Here are the most common types and how

Jan 10, 2023 | Refinancing a Home

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