Why a 2nd Mortgage Makes Sense to Consolidate Debt
This is a scenario I recently reviewed with one of my existing clients – he has accumulated a lot of credit card debt and feels overwhelmed by its significance. He owes $1.2MM on his mortgage at a 30 year fixed rate of 4.925% and the value of his home is $1.85MM. He...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...Increased Costs on Certain Loan Parameters Instituted by Fannie Mae
The situation and uncertainty going on in Greece has translated to slightly decreased interest rates. Investors are taking money out of stocks and putting them into the safer haven of bonds, so that is causing mortgage bonds to improve, which in turn improves rates....What an Increase in Interest Rates Means to You
Rising interest rates can drastically reduce the max purchase price you qualify for. Depending on the loan amount, a rise in rates of just .25% can potentially cost you hundreds of dollars (in particular with the high loan amounts in our Bay Area). But even with...How Your Credit Score Impacts the Cost of a Loan
On Conventional loans, your credit score can have a significant impact on the interest rate for which you qualify and/or how much more the loan is going to cost you. You can generally accept a higher interest rate so that you do not have to pay out of pocket for the...Loan Calculator
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