Refinance Archives - Hot List Names

Watch Out for Low Mortgage Rates You Have to Pay For

February 14, 2021

| Mortgage, Mortgage Rates, Mortgage Tips, Personal Finance, Refinance

Mortgage rates keep on marching lower and lower, with new records broken seemingly every week. But with all the fervor surrounding mortgage rates, some lenders are playing the âhow low can we appear to goâ game. For example, mortgage lenders may be talking about their lowest rates (with multiple points required), as opposed to offering [&hellip

The post Watch Out for Low Mortgage Rates You Have to Pay For first appeared on The Truth About Mortgage.

If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders

February 12, 2021

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| Mortgage, Mortgage Tips, Personal Finance, Refinance

A lot of homeowners are looking to refinance their mortgages at the moment. Thatâs abundantly clear based on the record volume of refis expected this year, per the MBA. And while mortgage rates are in record low territory, thus making the decision to refinance an easy one for most, it still pays to shop around. [&hellip

The post If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders first appeared on The Truth About Mortgage.

Donât Let Your Current Lender Talk You Out of a Mortgage Refinance

February 4, 2021

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| Mortgage, Mortgage Tips, Personal Finance, Refinance

What Iâve seen and heard through the years is certain lenders not being so forthcoming with existing customers wanting to refinance their mortgage. For example, when a homeowner goes to inquire about the âawesome low rates,â their first instinct may be to pick up the phone and call the lender who gave them their current [&hellip

The post Donât Let Your Current Lender Talk You Out of a Mortgage Refinance first appeared on The Truth About Mortgage.

The Top 15 Refinance Questions Answered

February 4, 2021

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| Money Tips, Mortgage, Mortgage Tips, Refinance

With mortgage rates at or near all-time record lows, youâve likely pondered a refinance if youâre an existing homeowner. But you probably have a lot of questions too, especially if itâs your first time refinancing a home loan. Letâs clear up some of the confusion by tackling some of the most common refinance questions out [&hellip

The post The Top 15 Refinance Questions Answered first appeared on The Truth About Mortgage.

Donât Freak Out About the Recent Mortgage Rate âSpikeâ

February 1, 2021

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| Mortgage, Mortgage News, Mortgage Rates, Personal Finance, Refinance

Queue the panic. Mortgage rates have officially spiked and the media is all over it. Yep, the average rate on a 30-year fixed mortgage increased from 2.65% to 2.79% this week, per Freddie Macâs weekly survey. Freddie Mac Chief Economist Sam Khater noted in the weekly news release that mortgage rates have been under pressure [&hellip

The post Donât Freak Out About the Recent Mortgage Rate âSpikeâ first appeared on The Truth About Mortgage.

When to Refinance a Home Mortgage: Now, Later, or Never?

January 17, 2021

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| Mortgage, Mortgage Tips, Personal Finance, Refinance

Mortgage Q&A: âWhen to refinance a home mortgage.â With mortgage rates at or near record lows, you may be wondering if now is a good time to refinance. Heck, your neighbors just did and now they’re bragging about their shiny new low rate. The popular 30-year fixed-rate mortgage slipped to 2.80% last week, per Freddie [&hellip

The post When to Refinance a Home Mortgage: Now, Later, or Never? first appeared on The Truth About Mortgage.

What Is a Streamline Refinance?

January 17, 2021

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| Money Tips, Mortgage, Mortgage Tips, Refinance

Mortgage Q&A: âWhat is a streamline refinance?â While qualifying for a mortgage refinance is generally a lot harder than it has been in the past (now that lenders actually care how your home loan performs), there are less cumbersome options available. In fact, many lenders offer âstreamlinedâ alternatives to existing homeowners to lower costs and [&hellip

The post What Is a Streamline Refinance? first appeared on The Truth About Mortgage.

An Alternative to Paying Mortgage Points

January 12, 2021

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| Mortgage, Mortgage Rates, Mortgage Tips, Personal Finance, Refinance

If and when you take out a mortgage, youâll be faced with an important choice. To pay or not pay mortgage points. In short, those who pay points should hypothetically secure a lower interest rate than those who do not pay points, all else being equal. Thatâs because mortgage points, at least the ones that [&hellip

The post An Alternative to Paying Mortgage Points first appeared on The Truth About Mortgage.

Beware the New Mortgage Fee Fearmongering

January 9, 2021

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| Mortgage, Mortgage News, Mortgage Rates, Personal Finance, Refinance

You may have heard thereâs a ânew mortgage fee.â And you might have been told to hurry up and refinance NOW to avoid said fee. While there is some truth to that, it is by no means a reason to panic, nor is it even applicable to all homeowners. Additionally, itâs possible it may not [&hellip

The post Beware the New Mortgage Fee Fearmongering first appeared on The Truth About Mortgage.