Out Smart The Bank

10 things to consider before refinancing

This is the first of a 5 part series. Bookmark this page or add it to your favorites so you can easily return as we roll out the rest of the 5 part series over the next week or so. What type of loan are you in? What type of loan are you looking for? […]

To Cash Out or Not to Cash Out is the Question

To Cash Out or Not to Cash Out is the Question. A cash out refinance mortgage can be a great tool for homeowners. There is no limit as to what you can do with cash that you receive from a refinance mortgage. The idea is simple. You can refinance your home for more than what […]

Time To Buy

Time To Buy? It is time to buy a new home? That is the question many Americans are asking themselves. The answer quite frankly is different for everyone. There has been a drastic dip in home prices over the last couple of years which has sparked interest for investors and first time home buyers. There […]

The State of Stated Income

The State of Stated Income Loans Stated income mortgage loans were among the most popular loan programs over the last decade or so. What is a stated income mortgage loan? It is exactly as it sounds, the borrower simply states their income. Employment is verified by the mortgage company but wages are not. This allowed […]

Should I stay or should I go now

Should I stay or should I go now? Should I stay or should I go now? This is a national dilemma facing many Americans today. The facts are plain and simple, many Americans took cash out of their home via a home refinance and often times financed themselves into loans with low start rates or […]

Repairs before refinancing a mortgage

Home Repairs before you Refi Home repairs are often needed before banks will refi a mortgage for a homeowner. There are many different repairs that a bank may require. It will generally be determined by the home appraisal and what the appraiser comments on. If the appraiser makes comments on the shingles of the roof it is almost certain […]

Refinancing my mortgage

I have been working on refinancing my mortgage About 3 weeks ago I decided to start working on refinancing my mortgage. I had never really understood how it works or the reasons behind it. I bought my home in 1987 and have been making a 30 year fixed payment ever since. I purchased my […]

Quick Explanation of Adjustable Rate Mortgages

Quick Explanation of http://freehomerefi.com/ArmToFixed.php Adjustable Rate Mortgages (ARMs) Have you ever wanted to know the details of adjustable rate mortgages? This can be a confusing topic for folks that have not spent some time to research the different types of mortgages. There are quite a few different types of adjustable rate mortgages. Within each type of […]

Paying Property Taxes with Tax impounds

Tax impounds have become the standard method for homeowners to pay their property taxes. Most banks prefer that you pay your taxes with your mortgage payment. Almost every mortgage company will actually charge you if you do not want to pay your property taxes with your mortgage. There is a higher risk for the mortgage […]

It’s Not Always about the Rate

When most people consider refinancing their properties, they primarily look at the current interest rates and compare them to the current interest rate they’re paying. That is one way to determine whether refinancing is worthwhile but it certainly isn’t always the best method. I don’t know about you but I’m guessing that your paycheck doesn’t […]