We have posted a new article over on Home Buying Institute that is a “must-read” for anyone considering an online mortgage (where you apply for the mortgage online). Each year, more and more homeowners pursue mortgage refinancing via the Web.
This article was written in response to those growing numbers, and it seeks to educate readers [...]
The Houston Chronicle recently ran an article that serves as a step-by-step guide to mortgage refinancing. Thought the article mostly stays on the surface of “Refinancing 101,” it’s still a useful (and quick) read.
Article excerpt:
Inflation fears have sent interest rates on home loans soaring and borrowers with adjustable-rate mortgages scurrying to refinance. The challenge is [...]
When is it a good idea to refinance a mortgage? Well, the short answer is this. You should only refinance when the money you save over the life of the new loan exceeds the money spend to refinance the loan. In other words, when your interest savings is more than your refinancing costs, it’s probably [...]