Should you keep your Adjustable Rate Mortgage?

Should you keep your Adjustable Rate Mortgage?

Chances are you weighed the pros and cons of an adjustable rate mortgage when you first purchased your home. If you decided to obtain an adjustable rate mortgage and your initial rate period is about to end, you may want to decide whether or not to refinance into a fixed-rate mortgage or continue with your current mortgage. Not all adjustable rate mortgages (ARMs) are the…

When a cash-out refinance makes sense

When a cash-out refinance makes sense

With all the fluctuation occurring with mortgage rates over the last few months you may find yourself thinking should I refinance now and can I still get a low rate? While no one is certain yet on the next rate hike, we do know one thing. Mortgage rates are still lower now than they were several years ago.  It is still a good time to…

What is a “good” credit score?

What is a “good” credit score?

This is a question we are constantly contemplating. A “good” credit score can vary depending on the purpose it is used for. Nowadays, credit scores are pulled for much more than car loans, mortgages and credit card applications. Credit scores are pulled by insurance companies to determine your rates, utility companies to determine if you need to pay a deposit to utilize their services and…

Simple steps to buying a home

Simple steps to buying a home

Buying a home can be overwhelming for a first time homebuyer. With all the available loan options to consider, homes to view, choosing the right Realtor® and the pages and pages of paperwork, it is easy to see how quickly this process can make you want to pause your homeownership dreams. Everyone wants a stress-free home buying experience and unlike the infamous Jackson Five song,…