Your Fixed Rate Term Options

Interest rates are expected to remain low in 2020, so opportunities to refinance at a lower interest rate at little to no cost are readily available, especially if you purchased your home in 2017 or 2018. Many of the clients I refinanced in 2019 went from one 30 Year...

Should I Make Biweekly Mortgage Payments?

If you can, yes! You’ll end up shaving about 5 years off your loan by doing so (the number of years will vary depending on loan amount and interest rate). Many servicers allow this option once you set up your payments online. If a third party company offers to manage...

“How Much Mortgage Do I Qualify For?”

The first step you should take if you are considering buying a home is to have a mortgage professional help you determine how much you will qualify for. To follow are the typical steps and explanations that I go through with my clients. I will provide a sample...

Canceling Private Mortgage Insurance

If you purchased your home with less than 20% down payment on a Conventional loan, you were required to purchase Private Mortgage Insurance (PMI). PMI is a cost that protects the lender in case you default on your mortgage (stop making payments). Lenders are required...

What Affects An Interest Rate Quote

When people ask me what I do and learn that I am a mortgage broker, the usual first and natural question is, “What are interest rates right now?” The answer is always, “It depends.” There are many factors that go into an interest rate, so that’s why it’s important to...