Tag Archive for: refinance

Turning Your Primary Residence into an Investment Property

Are you thinking about transforming your primary residence into an investment property? It's a smart financial move that can help you build wealth, but it's essential to navigate the process wisely.Read More

Middle Class Homeowners Take On $7,000/Month Payments – Expecting to Refi; Dangerous or Smart?

4 Million Listings in 2007 vs. 600,000 Today I spoke at a marketing event yesterday about “why I expect 0% rates in 2024; what that means; and why 2024 could […]Read More

Divorced Homebuyers: Navigating Mortgages and Real Estate

Going through a divorce can be an emotionally difficult and legally complex journey. Amidst all the challenges, it's important to understand how a divorce can impact your decisions about buying a home. Today, we'll explore the connection between divorce and mortgages, highlighting eight important aspects that could significantly impact your financial well-being, your credit, and your homebuying journey after divorce.Read More

Student Loan Moratorium Over = Serious Threat to Economy; What Borrowers With Student Loans Can Do

It turns out that most of the retail economy has been running on student loan debt relief.  Who knew? Unfortunately, that relief is about to end with the payment moratorium ending at the end of the summer and the Supreme Court telling Mr. Biden he can no longer eliminate student loan debt overall with the stroke of a penRead More

Why Most Agents Need to Refi Before October 15th; Will Rates Ever Fall?

A savvy agent emailed last week asking when she could refinance her condo which is currently at 6.5%. She was anxious to refi BEFORE she files her 2022 tax returns, […]Read More

Using Home Equity to Pay off Consumer Debt

Are you burdened by consumer debt that seems to linger endlessly? Do you dream of a future without the weight of high-interest credit cards and loans? If so, there may be a solution within the walls of your own home. By leveraging your home equity through a cash-out refinance, you can pave the way to financial freedom while consolidating your personal debt. In this article, we will explore the advantages of paying off consumer debt with your home equity, delve into the cash-out refinance process, and answer some frequently asked questions.Read More

FHA Cash-Out Refinance: The Best Way to Pull Cash Out

Are you in need of extra cash for home improvements, debt consolidation, or other financial goals? Look no further than an FHA cash-out refinance. This mortgage option offered by the Federal Housing Administration (FHA) has gained immense popularity due to its numerous benefits, including higher loan-to-value (LTV) ratios, lower mortgage insurance (MI) costs, and competitive interest rates. In this blog post, we will explore the ins and outs of FHA cash-out refis, understand the guidelines, and highlight why it may be the best way for you to pull cash out of your home. Let's dive in!Read More

5 Things To Know When Refinancing

If you want to approach your refinance with confidence, we recommend these 5 things to know when refinancing.Read More

Refinancing Is Now Way More Expensive – Or More Difficult

This short IG video, titled “Refinancing Is Going To Be More Expensive Than Ever” was making the rounds on social media recently. We were getting questions, so I decided to blog about it. It is a good video, but the gentleman is only about half right.Read More

Why I HATE Permanent Rate Buydowns

“Homebuyers prefer permanent buydowns rather than temporary buydowns.” That was a headline today in this National Mortgage News article. So, even though I just blogged about this in November, I […]Read More

Much Lower Interest Rates By March; Why & What It Means

On Thursday, CPI (inflation data) came in lower than expected – and we saw one of the largest one-day rate drops ever. I of course blogged about it here: THIS […]Read More

Free Refis Aren’t Free

An agent recently told us he only refers his clients to “one loan officer” because that loan officer “offers a ‘free’ refi to all of his clients in 6 months, […]Read More

The Car Wash Indicator (Scariest of All)

We are sharing these stories from a local car wash, which has been 'ground zero' for a local indicator for looming recessions.Read More

Refinancing During Chapter 13 Bankruptcy

While going through chapter 13 bankruptcy, it can be a challenge to get your finances back on track. If you have an existing mortgage you'd like to refinance, it can be even more challenging to find mortgage companies that will refinance your mortgage. Here's everything you need to know about refinancing during chapter 13 bankruptcy.Read More