Tag: Refinance

June 25, 2021 Marcus Terry 0 Comments

Mortgage Q&A: “Does a refinance require an appraisal?” A reader recently asked if they needed an appraisal to refinance their existing mortgage, knowing they can often add weeks to the loan process. As with anything in the mortgage realm, the answer is it depends. Mainly, it depends on the type of loan you plan to [&hellip

The post Does a Refinance Require an Appraisal? first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

With mortgage rates at or near all-time record lows, you’ve likely pondered a refinance if you’re an existing homeowner. But you probably have a lot of questions too, especially if it’s your first time refinancing a home loan. Let’s clear up some of the confusion by tackling some of the most common refinance questions out [&hellip

The post The Top 15 Refinance Questions Answered first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

Fundamental mortgage Q&A: “How does mortgage refinancing work?” When you refinance your mortgage, you essentially trade in your old loan for a fresh one with a new interest rate and mortgage term. And possibly even a new loan balance. You may elect to receive this new mortgage from the same bank (or loan servicer) that [&hellip

The post How Does Mortgage Refinancing Work? first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

A wholly-owned subsidiary of PulteGroup since 1972, the third-largest homebuilder in America, Pulte Mortgage gives customers a financing option that differs from those of banks and online lenders. As an imprint of the larger conglomerate, Pulte Mortgage leverages construction experience and a personal touch to take borrowers through the home purchase process, helping them understand […]

The post Pulte Mortgage Review appeared first on Good Financial Cents®.

June 25, 2021 Marcus Terry 0 Comments

The post What It Feels Like to Be In Debt (And How to Get Out From Beneath It) appeared first on Penny Pinchin' Mom.

This is a sponsored post on behalf of Mr. Cooper.  All opinions are my own and were not influenced by any parties. Consumer debt has just hit an all-time high.  It now tops more than $3.8 trillion.  Not million. Not billion.  Trillion. Being in debt can make you feel as if you are completely alone. … Read More about What It Feels Like to Be In Debt (And How to Get Out From Beneath It)

The post What It Feels Like to Be In Debt (And How to Get Out From Beneath It) appeared first on Penny Pinchin' Mom.

June 25, 2021 Marcus Terry 0 Comments

One of the harsh truths of secured loans is that your asset can be repossessed if you fail to make the payments. In the words of the FTC, “your consumer rights may be limited” if you miss your monthly payments, and when that happens, both your financial situation and your bank balance will take a […]

Repossession Credit Scores: What You Need to Know is a post from Pocket Your Dollars.

June 24, 2021 Marcus Terry 0 Comments

Want to learn how to pay off student loans? With my student loan repayment plan, I was able to pay off $40,000 in student loan debt in 7 months! One of the best ways to save money is to finally get rid of those pesky loans that are hurting your financial situation. Learning how to […]

The post How I Paid Off $40,000 In Student Loans in 7 Months appeared first on Making Sense Of Cents.

June 24, 2021 Marcus Terry 0 Comments

In an effort to undo some of the damage the Federal Housing Finance Agency (FHFA) basically caused itself, it’s throwing a bone to so-called low-income families to save on their mortgage. It all spurs from the adverse market fee the very same agency implemented back in August 2020 to contend with heightened losses related to [&hellip

The post New Fannie/Freddie Refinance Option Drops Adverse Market Fee, Offers 0 Appraisal Credit first appeared on The Truth About Mortgage.

June 24, 2021 Marcus Terry 0 Comments

To mortgage folk across the country, it’s an age-old question: “Lock or float?” It’s a question loan officers and mortgage brokers get asked on a daily basis, often over and over again by panicked borrowers and first-time home buyers. And it might just be the most important answer a homeowner will come up with during [&hellip

The post Locking vs. Floating Your Mortgage Rate first appeared on The Truth About Mortgage.

June 24, 2021 Marcus Terry 0 Comments

Queue the panic. Mortgage rates have officially spiked and the media is all over it. Yep, the average rate on a 30-year fixed mortgage increased from 2.65% to 2.79% this week, per Freddie Mac’s weekly survey. Freddie Mac Chief Economist Sam Khater noted in the weekly news release that mortgage rates have been under pressure [&hellip

The post Don’t Freak Out About the Recent Mortgage Rate ‘Spike’ first appeared on The Truth About Mortgage.