Thanks to new programs from banks and specialized student loan refinancing companies, getting a great interest rate on your student loans is easier than ever. But before you apply for a student loan refinance, take a few steps to brush up your credit and be sure you’re really ready. 1. Pull Your Latest Credit Reports... Read More

I was sitting in my local coffee shop recently and a gentleman sat down next to me with his friend. He was apparently a mortgage broker giving some business tips to a younger broker in order to help him increase his business. Something I overheard him say caught my attention: “You can tell your borrowers... Read More

If you’re looking to refinance your home and pull out funds for home improvement, there’s good news. Lending guidelines were recently loosened on cash-out refinance transactions. Here’s what you should know if your loan size exceeds $417,000. First off, it’s going to cost more. Here’s why: When a mortgage loan exceeds this threshold, it moves... Read More

Though it may come as a surprise, there is no limitation to how frequently you can refinance your home. You can refinance as often and freely as you like so long as it financially makes sense to do so. Here are some things to consider before you move to refinance your mortgage. 1. What Are... Read More

A variable- or adjustable-rate mortgage is a loan where the interest rate is subject to change according to market fluctuations and terms. (A fixed-rate mortgage, on the other hand, offers flat payments throughout the term of the loan.) Given the Federal Reserve’s recent decision to raise interest rates, some consumers with ARMs may be thinking about refinancing.... Read More

The Federal Open Market Committee of the Federal Reserve is set to meet this month and there have been several strong indicators recently that it will raise interest rates, for the first time in nearly seven years. If you you’ve been considering refinancing or taking on a home equity line of credit (HELOC) to tap... Read More