Watch Out for Low Mortgage Rates You Have to Pay For

Mortgage rates keep on marching lower and lower, with new records broken seemingly every week. But with all the fervor surrounding mortgage rates, some lenders are playing the “how low can we appear to go” game. For example, mortgage lenders may be talking about their lowest rates (with multiple points required), as opposed to offering [&hellip

The post Watch Out for Low Mortgage Rates You Have to Pay For first appeared on The Truth About Mortgage.

Don’t Freak Out About the Recent Mortgage Rate ‘Spike’

Queue the panic. Mortgage rates have officially spiked and the media is all over it. Yep, the average rate on a 30-year fixed mortgage increased from 2.65% to 2.79% this week, per Freddie Mac’s weekly survey. Freddie Mac Chief Economist Sam Khater noted in the weekly news release that mortgage rates have been under pressure [&hellip

The post Don’t Freak Out About the Recent Mortgage Rate ‘Spike’ first appeared on The Truth About Mortgage.

An Alternative to Paying Mortgage Points

If and when you take out a mortgage, you’ll be faced with an important choice. To pay or not pay mortgage points. In short, those who pay points should hypothetically secure a lower interest rate than those who do not pay points, all else being equal. That’s because mortgage points, at least the ones that [&hellip

The post An Alternative to Paying Mortgage Points first appeared on The Truth About Mortgage.

Why There’s No Way to Avoid Paperwork When Refinancing

So you’re ready to refinance your mortgage loan to one with a lower interest rate. This could be a good move. Depending on your new interest rate, you could save a good bit of money each month in mortgage payments. … Continue reading →

The post Why There’s No Way to Avoid Paperwork When Refinancing appeared first on SmartAsset Blog.

The Financial Rebound: Money After COVID

The events of 2020 have exacerbated just how unequal our society is when it comes to racial and economic equality, with communities of color still facing numerous obstacles on their path to financial security. For Black Americans, long-standing racial inequities…

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The post The Financial Rebound: Money After COVID appeared first on MintLife Blog.

Beware the New Mortgage Fee Fearmongering

You may have heard there’s a “new mortgage fee.” And you might have been told to hurry up and refinance NOW to avoid said fee. While there is some truth to that, it is by no means a reason to panic, nor is it even applicable to all homeowners. Additionally, it’s possible it may not [&hellip

The post Beware the New Mortgage Fee Fearmongering first appeared on The Truth About Mortgage.