Mortgages

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. Let me explain how much an adjustable rate mortgage (ARM) can increase using my own 5/1 ARM example. In

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

There was a refinance BOOM in 2020 and 2021 now 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,

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

After four months and one week, I finally was able to refinance my primary residence mortgage! I went through the hardest mortgage refinance ever. And with rates increasing again, refinancing a mortgage will continue to be hard for many. The Hardest Mortgage Refinance Ever My original loan was a 5/1 ARM at 2.5% that began

My latest mortgage refinance based on relationship pricing was one of the most frustrating refinance experiences ever. Relationship pricing should help you get a lower mortgage rate. However, you may have to jump through more hoops than you want. As part of the agreement to get the best mortgage rate possible at the time, I