Mortgages

Become A Mortgage Refinance King Or Addict To Save Money

Be a mortgage refinance king to save money and maximize your returns on your real estate. Whenever interest rates decline, you must take action to refinance and save. Ever since starting Financial Samurai in 2009, there are two things I love about personal finance: 1) Making money and 2) Saving money. Both require effort, which […]

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Why Are Mortgage Rates Falling After The Fed Started Raising Interest Rates?

Between 2H2018 and 1H2019, something funny happened. The Federal Reserve was raising their Fed Funds rate, yet mortgage rates kept on falling. This article explains why are mortgage rates falling after the Fed starts raising rates. Hint: The Fed is not always right. Even though the Fed has slashed rates to 0% – 0.125% due

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What It Took To Successfully Refinance My Mortgage

It took a lot to successfully refinance my mortgagee. The mortgage industry is tight due to the pandemic. There’s a rent moratorium and millions more unemployed. Banks are much more stringent now, especially with higher rates and a potential recession. Here’s a recap of what it took to successfully refinance my last mortgage. It was

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How To Obtain A Zero Percent Mortgage To Live For Free

Have you ever heard of a zero percent mortgage? Getting a zero percent is likely impossible, unless we are in a significant deflationary environment. You can have a negative real interest rate mortgage in a high inflationary environment. However, getting to live for free, which is what a zero percent mortage means, is possible. Let

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Your Adjustable Rate Mortgage Probably Needs To Be Refinanced!

When the is raising interest rates, your adjustable rate mortgage probably needs to be refinanced. The reason is because adjustable rate mortgages (ARMs) are priced based off a short-term rate index plus a margin, such as the Fed Funds rate or LIBOR. When the Fed Funds or LIBOR rate starts rising, so will your ARM

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How Often Should You Refinance Your Primary Home Mortgage?

Are you wondering how often should you refinance your primary home mortgage? You’ve come to the right place because I’ve refinanced dozens of mortgages since buying my first property in 2003. The shorter answer is you should refinance your mortgages as many times as possible to save money! Mortgage rates collapsed during the global pandemic.

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