I dodged a bullet, Matrix style, and I didn’t even realize it until the coronavirus hit. The coronavirus pandemic has caused mortgage rates to drop as investors seek the safety of bonds. This post will highlight how to get the best mortgage rate. Had I not refinanced my primary residence mortgage before I bought a […]
For The Best Mortgage Rate, Refinance Before These Three Life Events Read More »
After you purchase a home with a mortgage, you may start noticing solicitations in the mail for Mortgage Protection Life Insurance (MPI). Often times, the mail contains alarmist headlines such as: IMPORTANT NOTICE! PLEASE COMPLETE AND RETURN! FINAL NOTICE! MORTGAGE PROTECTION CARD! NOTICE OF OFFERING! MORTGAGE FREE HOME PROTECTION! This type of scare tactic should
Mortgage Protection Life Insurance: A Consideration For Homeowners Read More »
Whenever the yield curve inverts, refinance your mortgage. Let me use a previous example as to why this is. On March 11, 2019, Federal Reserve Chair Jerome Powell indicated there will be no further rate hikes in 2019, even though he suggested that two were likely this year as recently as December 2018. Then in
Refinance Your Mortgage Now As The Yield Curve Inverts Read More »
If you’re wondering, “Should I refinance now?” The answer is was YES in 2021. But not so much in 2022 after a ~2.75% rise in mortgage rates. It’s highly likely inflation will peak in 2H 2022 and head down. As a result, mortgage rates will likely head down as well by 2023. Below are some
Should I Refinance Now? Does A Bear Poop In The Woods? Read More »
Refinancing a mortgage without a job is brutally difficult. Once you lose your stable W2 income, you become dead to banks. Please refinance your mortgage before quitting or negotiating a severance please! Once you leave your day job, you become dead to banks. Lenders need to see at least two years of qualified income to
Refinancing A Mortgage Without A Job Is Almost Impossible: Three Potential Solutions Read More »
You might be afraid of an adjustable rate mortgage increase once the introductory fixed rate period is over. However, there is always an adjustable rate mortgage increase cap that prevents the borrower from paying too much. with the ARM interest rate cap, ARM holders can better plan for their future. Let me explain how much
How High Can An Adjustable Rate Mortgage Increase? There’s A Cap Read More »
You would think there would be no mortgage refinance fees in a no-cost refinance. However, there are plenty of mortgage refinance fees to be aware of! They just aren’t apparent in the fee document. Please remember nothing is ever free when it comes to a mortgage refinance. The costs are baked in somewhere because banks
All The Mortgage Refinance Fees In A No-Cost Refinance Read More »
There was a refinance BOOM in 2020 and 2021 because mortgage rates plummeted to all-time lows. Well-qualified borrowers are getting much lower rates than headline averages. Just be aware of a mortgage refinancing miscalculation that can prove to be costly: the lender taking forever. Let me tell you one of my favorite jokes. Elizabeth, Donald,
Beware Of A Mortgage Refinance Miscalculation That Could Be Costly Read More »
Right before the pandemic began in 2020, the question I posed for all of you was: If the economy tanked, would you be ready? How about if World War III broke out? I asked this question before 2019 was an extraordinary year for returns. Something bad was bound to happen, and it did! Let’s do
If The Economy Tanked, Would You Be Ready? Read More »
After publishing, The Hardest Mortgage Refinance Ever, a reader asked me whether I’ve ever considered recasting a mortgage instead. My quick answer was no, despite having refinanced multiple mortgages on multiple properties since 2005. I’m all about getting the lowest mortgage rate possible. Recasting a mortgage can be a good idea if you come into
The Benefits Of Recasting Over Refinancing A Mortgage Read More »
