NMLS: 2576 | CT LICENSE: 1101 | MA LICENSE: LS2576Lowering Your Monthly Payments
Everyone would like to lower their monthly mortgage payments. The most important consideration is whether the cost of the loan is worth the savings. Traditionally, the rule was it made sense to refinance only if you could reduce your loan…
Taking Equity out for Specific Reasons
As you know, each monthly mortgage payment you make helps you pay down the outstanding loan on your home. If the value of your home increases due to favorable housing markets, your home may be worth more than when you…
Refinancing to a Fixed Rate Loan or an ARM
If you have an adjustable rate mortgage, you probably got a low initial interest rate. However, periodic rate changes and the possibility of future rate hikes might make you a little uneasy when the loan begins to adjust. Switching to…
Refinance to Eliminate Mortgage Insurance
If you purchased your home with less than a 20% down payment, you most likely are required to have mortgage insurance. Many mortgage insurances are no longer required when you reach 80% equity in your home. If the combination of…