Posts by Michael Koldaway
How Does Refinancing Work?
Everyone is talking about mortgage refinancing but is it for you (and what is it exactly?) Mortgage refinancing can put more money in your pocket and help you leverage equity. Success with mortgage refinancing starts with setting reasonable refinance goals and then comparing rates from various lenders to get your best deal. Why do you…
Read MoreBudgeting for a Mortgage Refinance.
When looking for a mortgage, it’s important to know your limit and stick to it. When you sign up for more than you can afford, you risk not being able to make your monthly mortgage payments. With a home being one of the largest purchases you’ll ever make, it’s important to make wise decisions when…
Read MoreRefinancing Pitfalls.
First, you have the searching process. You’ve got a list of things you’re looking for in a home. Sometimes, it can seem like you are looking forever before you finally find anything that comes close to what you desire to live in. Flash forward, you finally have found the home of your dreams afters months…
Read MoreWhy Refinance?
In 2020, you might be considering refinancing your mortgage. Did you know that this year, interest rates are near record-setting lows? The decision to refinance a mortgage is one to take seriously. Refinancing can either save you money or cost you in the long run. It’s important to look at all of your options so…
Read MoreMortgage Shopping
Shopping for a mortgage rate can save you hundreds, even thousands, of dollars. Mortgage rates can vary in more ways than one depending on the lender. Forbes Magazine reported that according to Freddie Mac’s data, “in a single week, borrowers received rates anywhere from 4.2% to 4.8%. Rate shopping is especially important in today’s market,…
Read MoreWhich is a better term – 15 or 30 years?
Buying a home requires a careful analysis of your future financial and personal goals so you can enjoy home ownership, not stress over it. Part of knowing how much you can afford takes into account both current expenses and future expenses (and expenses that you don’t know you will have down the road.) Mortgage payments…
Read MoreShould I Refinance?
Most borrowers are attracted to refinancing for two main reasons: 1) to save money on a monthly mortgage; or 2) to save money on interest over the life of the loan. These are both great incentives for refinancing, but if you aren’t getting a significantly better interest rate, at least one percent or lower than…
Read MoreFinding the best mortgage rate for you.
If you are new to home ownership and mortgage shopping, you may not know that mortgage rates change frequently. Lenders across the nation post weekday mortgage rates to a comprehensive national survey so that you know what a competitive rate is. When it comes to being financially responsible, do your homework. When preparing to enter…
Read MoreKnow your lending options-Part 2
Choosing between a 15-year mortgage or a 30-year mortgage requires a diligent review of the pros and cons of each and how they relate your individual goals/needs. Taking the time to research this before seeking a loan package can help ensure that you plan mortgage repayment in a way that will most benefit your future…
Read MoreKnow your lending options.
Choosing between a 15-year mortgage or a 30-year mortgage requires a diligent review of the pros and cons of each and how they relate your individual goals/needs. Taking the time to research this before seeking a loan package can help ensure that you plan mortgage repayment in a way that will most benefit your future…
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