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When is it a Bad Idea to Refinance

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Refinancing can be a great thing if it's done at the right time. Doing it at the wrong time can cost you money, time and effort. Here are four reasons that refinancing may not be the best move.

Your Current Fixed Interest Rate Isn't Much Different Than the New Rate – If you are thinking about refinancing to a lower rate and your interest rate is less than 2% higher than the new rate, refinancing isn't going to make much of a difference. After refinancing fees, you may even end up spending more on the new loan than you would if you just stayed with your existing loan.


The Top 5 Things You Must Know Before Applying for a Mortgage

You’ve been thinking about buying your own home for quite a long time, and now you’re ready to take the plunge. You’ve been saving money for a down payment, and you know the next step is preparing to apply for a mortgage.

But where do you start?

Here are the top 5 things you need to know before approaching a mortgage lender.

1. Understand Your Options

All mortgages are not created equal. There are several different types, which vary based on interest rates and payment terms.

For example:


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