Refinancing now may be smart as mortgage rates are low but may head higher as the economy recovers. However, if you are struggling to pay your mortgage you may be considering walking away. If you do, there are non-recourse states where you can walk away from your mortgage without the bank coming after your other […]
Twelve Non-Recourse States Let You Walk Away From Your Mortgage Read More »
As a multiple residential property owner, I am constantly watching interest rates and the 10-year yield. A refinance opportunity has emerged yet again now that mortgage rates have declined. Has it been a while since you last refinanced your mortgage? Now is the time to check mortgage rates for free. See how much you could
A Refinance Opportunity Has Emerged Now That Mortgage Rates Have Declined Read More »
Are you trying to decide between a 30-year fixed rate mortgage loan or an adjustable rate mortgage (ARM)? My opinion is that a 30-year fixed mortgage loan is a suboptimal mortgage that will cost you extra money. With the average homeownership period of around 13 years, there’s no reason to overpay for 30 years. For
30-Year Fixed Mortgage Loan Or An Adjustable Rate Mortgage (ARM)? Read More »
I dodged a bullet, Matrix style, and I didn’t even realize it until the coronavirus hit. The coronavirus pandemic caused mortgage rates to drop as investors seeked the safety of bonds. This post will highlight how to get the best mortgage rate before three main life events. Had I not refinanced my primary residence mortgage
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 »
This post was written in January 2020, when the yield curve was inverting. That was the time to refinance your mortgage and I encouraged the entire Financial Samurai community to do so. We did, and are sitting pretty with low mortgage rates and higher property prices. Whenever the yield curve inverts, refinance your mortgage. Let
Refinance Your Mortgage Now As The Yield Curve Inverts Read More »
If you’re wondering, “Should I refinance now?” The answer was YES in 2021. But not so much in 2022 after a ~2.75% rise in mortgage rates. Below are some thoughts from 2020 – 2021. (Jump to 2025 and there are more real estate buying opportunities) With so much pent-up savings and demand, surely prices are
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 »
