Interest rate VS APR A common misconception about interest rate is that it’s the same thing as APR. Though the interest rate is an important factor when comparing mortgages, APR is more so in the aspect that it tells you not only about the interest rate, but also any broker fees, points, and other charges
If you believe that the rate on your current mortgage is too high, then a refinance may be in order. A loan refinance or refi will save you money by either lowering your monthly payment or reducing the length of your loan and may even do both! Refinancing your mortgage involves the creation of another
On June 4th, mortgage insurance companies began to split up and take different routes. With previously unimportant factors reigning over the new system, it’s important to understand what they mean for both buyers and lenders. Mortgage insurance Mortgage insurance is an insurance policy that compensates the lender in the case of a default on the
If you’re looking to sell your house, improvements may be in order to raise the value of your home. Of course you’ll want to be sure that the amount of money you spend on the improvements earn you the greatest amount of money in return. In this situation, here are some places you can start.
One option to control long-term debt is withdrawing money from your home equity, known as HELOC: Home Equity Line Of Credit. Similar to a credit card debt, HELOC is a revolving debt, which means that you can continuously borrow against it while paying it off. Unlike a credit card, however, HELOC is a secured loan,