Cash – Out Refinance for your Home Repairs

With interest rates still sitting on the low end of the spectrum, we would like to continue discussing the topic of using your home’s equity to make repairs and improvements that often get overlooked via a cashout refinance. We’ve gathered a few updates and improvements that, if done early, can prevent costly repairs down the line. Irrigation Systems Gone are the days of messing with timers Read More…

Still on the fence about Refinancing – Here’s more good news!

Despite today’s low-interest rates and strong home values, some homeowners have delayed refinancing their homes. If that’s you, then recent industry news gives you another reason to move forward. The Federal Housing Finance Agency (FHFA) has removed an “adverse market fee” that was previously driving up costs to refinance. Depending on how it was calculated into the loan, it added eiRead More…

Market Update – 1st Quarter 2021 Personal and Financial Health

WOW! What a first quarter in the real estate and mortgage world. Today I would like to update everyone on a personal health issue I had to deal with. Back in quarter 4 of 2020, my father was diagnosed with stage 3 vascular dementia, then Alzheimer’s, and then a brain tumor the size of a golf ball. Most times he does not even know I am his son. This weighed heavily on me in December regarding Read More…

Inflation vs. Interest Rates

As inflation rises, it typically causes mortgage rates to move higher as well.  That’s because inflation is the arch enemy of interest rates, since it erodes the buying power of the fixed return that a mortgage holder receives. While inflation may look tame to everyone at this time, it’s my job to dig deeper for you.  A look at the closely watched “Consumer Price Index Core Rate” of inflaRead More…

WOW! Mortgage Rates – Covid 19, and the Housing Market 2021

Predictions – commentary – advice for 2021 Mortgage and Real Estate It has been several weeks since I have reported on the mortgage market and the effect of Covid 19 this year. .  We have been working 7 days and long hours since March when the pandemic took shape.  The following is my opinion and overview of what I have seen.   Combined are the views of many other seasoned professionals in Read More…

Potential Monthly Savings when Refinancing

Like many homeowners, you may be hesitant to invest in a refinance for relatively small monthly savings. But simply put, the return on investment for a refi can be better than just about any other option you might find! Example: If you invest $3,000 to refinance your loan, and your savings is $100 per month… $100 x 12 months = $1,200 $3,000 x 40% = $1,200 That’s a 40% annual reRead More…