MortgagesRefinanceOption ValueFinancial CrisisRational InattentionRefinancing a mortgage is often one of the biggest and most important financial decisions that people make. Borrowers need to choose the interest rate differential at which to refinance and, when that differential is reached, they need to ...
MortgagesRefinanceOption ValueFinancial CrisisRational InattentionRefinancing a mortgage is often one of the biggest and most important financial decisions that people make. Borrowers need to choose the interest rate differentdoi:10.2139/ssrn.2446753Agarwal, Sumit...
When you purchase real estate orrefinance an existing mortgage, you’ll need to lock in a mortgage interest rate at some point during the loan process. You can do this early on or later in the process, depending on your preference. While comparing lenders, you’ll you be presented with a...
Many people refinance their mortgages in order to get better terms on their loan, such as a better interest rate or a better loan term. In some cases, they may be able to do both. Doing so may lower your monthly payment, which can cut the amount of interest you pay each month. You'...
Getting a mortgage is part of buying a home. Most people assume that mortgages come from a bank and while this statement is not wrong, it’s not the only option. You can also use a mortgage broker. So, what is a mortgage broker? How much do they cost? And, are they worth it? In...
I see there is more and more people just renting or rent-to-own because they say is easier than buying. So many people getting denied from all directions possible. I was one of them, and lost $500 plus home inspection money. All because loan officers suck. So do not waste their t...
For those of you smartly looking to refinance, do a cash-out refinance, orpurchase a new property, I'm here to argue why an adjustable-rate mortgage is better than a 30-year fixed-rate mortgage (FRM). With ~95% of mortgage holders owning 30-year fixed-rate mortgages, I know I'm...
Those figures make adjustable-rate mortgages more attractive. However, they are more susceptible to federal funds rate increases, making repayment tricky. Changes in interest rates may also affect your decision torefinance your mortgage. You usually do this to save money or increase home equity by ...
From theLA Times,here iswhat they propose: One proposal for a debt-forgiveness program was floated this month by the Milken Institute in Santa Monica. The plan, authored by institute President Michael Klowden and regional-economics director Ross DeVol, would refinance existing mortgages of underwat...
2.250% for a 15-year fixed-rate refinance While there has been an increase, the interesting thing is that rates are holding firm for now. This means if you’re like most people looking torefinance for a lower mortgage rateand monthly payment, now may be the time to act in case current...