Category Archives: Uncategorized

How to Lower Your Mortgage Payments through Home Refinance

By Nathaniel Hutchinson

Although soaring home prices have been bad for buyers, they’ve been great for homeowners. High home values make now a great time to lower your mortgage payments through a home refinance plan. Here’s how you can refinance your home loan to lower your monthly mortgage payments.

Why Refinance Now?

There are generally two great times to refinance a mortgage: when interest rates are low or home values increase enough to add substantial value to a property.

Right now, limited inventory and increased buyer competition have combined to cause home values to increase throughout most of the country. If your home has increased in value, you can get lower mortgage payments by refinancing your original mortgage loan as long as you choose the right lender.

Not Everyone Can Benefit

It’s important to note that while home values have skyrocketed in most parts of the country, this may not hold true in your area. Likewise, if you aren’t able to get good refinancing rates with no closing costs, you’re going to have to foot the bill for some upfront fees. Though you may lower your mortgage payment, if you can’t find rates low enough to offset these costs, you may ultimately end up saving very little.

To get the best rates, it’s best to compare offers from multiple lenders. It’s also important to get good faith estimates on closing fees, so you can get a decent idea of how much your home refinance plan will end up costing you in the end.

When it comes to mortgage refinancing, you need to weigh the cost against the gain, or you simply will not come ahead in the long run. That said, it’s definitely worth investigating, especially while home values continue to remain high.

How to Lower Your Mortgage Payments through Home Refinance

By Nathaniel Hutchinson Although soaring home prices have been bad for buyers, they've been great for homeowners. High home values ...
Read More

How to Paint Over Stained Wood

By Jim Dugan You can paint over stained wood if you apply the right bonding primer base, beforehand. Because stain ...
Read More

How to Lose Belly Fat Fast

More than a few Americans are burdened by the dreaded spare tire. Recently, our in-house health and fitness expert took ...
Read More

Weight Loss Programs that Actually Work

By Paul A. Achoa To lose unwanted fat at a fast rate, you must consume far fewer calories than you ...
Read More

How to Get Bigger Arms (with or without) Bodybuilding Supplements

By Jake Weathers Although many people claim they know how to build biceps fast, their techniques are usually successful because ...
Read More

How to Get Abs

By Jake Weathers Whether you're male or female, you probably want abs that attract attention. Unfortunately, most people don't know ...
Read More

Which Home Renovations Add Value? (And Which Ones Don’t)

Some targeted renovations can add equity to your home, allowing you to ask for more money when it comes time ...
Read More

How to Get a Home Loan in Today’s Real Estate Market

By Jim Dugan More and more people are having trouble securing home loans thanks to a variety of reasons. If ...
Read More

How to Save Money Each Month Using Credit Cards

By Nathaniel Hutchinson Contrary to popular belief, credit cards can help consumers keep more cash, as long as they utilize ...
Read More

Reverse Mortgage Home Loans Help Seniors Retire Earlier

By Nathaniel Hutchinson As prices rise and life expectancies ascend, many retirees struggle financially. A lot of banks provide reverse ...
Read More