refinance: Deciding Whether To Move or Refinance: Which Is The Better Option?
- 06/17/21 12:21 PM
There are a lot of people who are wondering if now is the right time to move or refinance their current home loan. With interest rates still favorable, a lot of homeowners have the potential to save a lot of money if they are able to secure a home loan with a lower interest rate. There are two ways homeowners can secure a home loan with a lower interest rate. The first is to refinance. The second is to move. Which option is better? There are a few key points to keep in mind.
Taking A Closer Look At Refinancing
There are a lot … (1 comments)
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refinance: Looking at Home Mortgage Refinancing in 2021
- 04/08/21 10:47 AM
In 2019 many people expected that the home lending market was going to eventually grow more expensive. Instead, 2020 spent its entire 12 months becoming more affordable when it came to financing a personal home, moving in the opposite direction of what was expected. Not only did the loan cost drop break previous records, but it also presented an additional opportunity for homeowners to reposition and take advantage of lower borrowing costs again.
The General Advantages of a Home Loan Refinance
The refinancing of a mortgage has traditionally been three-fold. First, it is a chance to re-negotiate the loan on a home purchase … (0 comments)
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refinance: The Top Tricks For Updating A Home On A Tight Budget
- 02/11/21 12:14 PM
There are a lot of people who are looking for ways to get the most money out of their property when they put it on the market. One of the tricks to doing this is to update the home before it goes on the market. Unfortunately, this can also be expensive.
Even though it is true that many homeowners will be able to recoup the price of the renovations when they list the home on the market, we still need to pay for these updates out-of-pocket. This can be incredibly expensive and could take money from other important areas, such as a … (2 comments)
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refinance: 4 Steps to a Smooth Mortgage Refinance at a Rock-Bottom Rate
- 01/20/21 11:40 AM
Right now is the best time to look at refinancing your home. Even if your current mortgage is as young as a year old, you might find that a refinance is in your best interest.
Be Sure That A Refinance Makes Sense
With today’s rates, refinancing makes sense for many homeowners, but it might not be the right move for you. Depending upon your mortgage, you may pay a penalty if you prepay early. Also, if you’ve paid heavily into your mortgage, refinancing into a new 20 or 30 year mortgage could cost you money over the long-term. The bottom line is to carefully … (0 comments)
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refinance: Getting A Lower Interest Rate During A Refinance
- 12/16/20 07:43 AM
There are a lot of people who have spotted the record-low mortgage rates right now and are wondering if they can refinance successfully. While many people apply for a refinance of their current home loan, not everyone will be approved. Furthermore, a home refinance is not the best option for everyone. Those who want to qualify for record-low refinance rates need to keep a few key points in mind.
Be A Strong Refinance Candidate
First, homeowners need to make sure that it is actually worth their time to refinance to a lower home mortgage rate. In general, homeowners want to make sure they … (1 comments)
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refinance: 9 Strategies to Handle Home Maintenance Costs
- 05/23/19 02:37 PM
Maintenance is an important part of home ownership. Improper care compromises the safety of your property and can result in big repair bills. Include these strategies in your maintenance plan to reduce your out-of-pocket costs.
Educate Yourself
It’s usually cheaper to do most home maintenance jobs yourself. Teach yourself some basic skills to save yourself from professional fees.
Take some classes. Community colleges and hardware stores often host community courses that help you plan projects, get familiar with new tools, or gain more value from property assessments.Invest in beginner books on carpentry, electrical work, and plumbing. These will be invaluable references throughout your home … (2 comments)
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refinance: 3 Reasons You Might Consider Refinancing Your Mortgage in Early 2018
- 01/26/18 09:03 AM
If you are a homeowner who has had their mortgage for a few years, you may be starting to wonder about refinancing. In essence, this is the process of retiring your current mortgage and taking out a new one because the terms are more favorable to you. Below we will share three reasons why you might want to look at refinancing your mortgage this year. Let’s get started.
Can You Use Some Extra Cash?
Ask yourself: if you had some extra money on hand, how would you use it? Many homeowners refinance to pull out some of the equity value that they have … (2 comments)
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refinance: What's Ahead For Mortgage Rates This Week: February 11th, 2013
- 02/10/13 11:19 PM
What's Ahead For Mortgage Rates This Week: February 11th, 2013
Mortgage rates worsened last week in response to more indications that the U.S. economy and global economic trends are improving. Global economic data was stronger than expected; which generally boosts investor confidence and leads to higher mortgage rates in Pennsylvania and across the country.
According to Freddie Mac, the average rate for a 30-year fixed rate mortgage was 3.53 percent with borrowers paying all of their closing costs and 0.8 percent in discount points along with a full complement of closing costs.
The U.S Department of Commerce reported that Factory … (0 comments)
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refinance: What's Ahead For Mortgage Rates This Week in Montgomery County PA
- 02/04/13 10:03 PM
What's Ahead For Mortgage Rates This Week in Montgomery County PA
Mortgage rates worsened last week amid evidence of an improving economy. Conforming mortgage rates climbed in Pennsylvania and nationwide, rising to a 4-month high.
Freddie Mac has the average 30-year fixed rate mortgage rate at 3.53% for borrowers willing to pay 0.7 discount points plus a full set of closing costs.
There was plenty of news on which for rates to move last week.
First, the Federal Open Market Committee (FOMC) met and voted to hold the Fed Funds Rate in its current target range near 0.00 percent. The … (0 comments)
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refinance: How To Maintain Adequate Homeowners Insurance Coverage
- 12/09/12 11:18 PM
How To Maintain Adequate Homeowners Insurance Coverage
In the aftermath of Hurricane Sandy, stories have emerged of homeowners whose hazard insurance coverage was too low to cover the damage to their respective properties.
Unfortunately, this scenario is common among U.S. homeowners, and is not just limited to damage from natural disasters. Homeowners in Montgomery County and nationwide are often woefully under-insured against catastrophe in its many forms.
Whether you're buying a home, or own one already, revisit your hazard insurance policy choices and be sure that your bases are covered.
Here are four common components of a homeowners insurance policy :
Dwelling/Building Coverage Look … (0 comments)
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refinance: A Look At This Week's Mortgage Rates in Montgomery County
- 12/05/12 11:31 PM
A Look At This Week's Mortgage Rates in Montgomery County
Low mortgage rates are pumping up home affordability.
Average 30-year fixed-rate mortgage rates made a new all-time low in November, continuing this year Refinance Boom and giving fuel to the budding housing market recovery.
At month-end, Freddie Mac's survey of 125 banks nationwide put the benchmark product's rate at 3.32% for borrowers willing to pay 0.8 discount points. This is just 0.01 percentage point above the record-low rate establishing prior to Thanksgiving.
The 15-year fixed mortgage is similarly low, posting 2.64 percent nationwide, on average. This, too, is only slightly higher … (0 comments)
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refinance: Mortgage Approvals : Documents You'll Need For Your Lender
- 11/28/12 10:34 PM
Mortgage Approvals : Documents You'll Need For Your Lender
According to the Federal Reserve's quarterly Senior Loan Officer Survey, it's getting easier to get approved for a home loan.
Between July - September 2012, fewer than 6% of banks tightened mortgage guidelines -- the fourth straight quarter that's happened-- and roughly 10% of banks actually loosened them.
For today's buyers and refinancing homeowners in Montgomery County, softening guidelines hint at a quicker, simpler mortgage approval process; one which gives more U.S. homeowners better access to today's ultra-low mortgage rates.
However, although banks are easing guidelines, it doesn't mean that we're returned to … (3 comments)
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refinance: When It Pays To Refinance Your Mortgage -- Literally
- 11/27/12 08:49 PM
When It Pays To Refinance Your Mortgage -- Literally
To refinance a mortgage means to pay off your existing loan and replace it with a new one.
There are many reasons why Montgomery County homeowners may opt to refinance, from obtaining a lower interest rate, to shortening the term of the loan, to switching mortgage loan types, to tapping into home equity.
Each has its considerations.
Lower Your Mortgage Rate Among the best reasons to refinance is to get access to lower mortgage rates. There is no "rule of thumb" that says how far rates should drop for a refinance to … (0 comments)
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refinance: Video Introduction to clients
- 05/13/09 07:59 AM
Take care,
Joe Gonzalez1st Metropolitan Mortgage
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refinance: Don't Make Extra Payments Against Your Mortgage
- 02/25/09 01:46 AM
For years I have tried to explain to clients that depending on their circumstances it may make more financial sense to pay down debt instead of your mortgage. Liz Pulliam Weston posted an article that I think everyone who pays additional against their mortgage may find very interesting!Here's a link to the article:http://articles.moneycentral.msn.com/Banking/HomeFinancing/DontRushToPayOffThatMortgage.aspx
A question you can think about is what is the rate of return on the equity that is stuck in my home? That would be 0!
Joe Gonzalez1st Metropolitan Mortgage610-351-7510
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refinance: Rates are great!!
- 01/30/09 06:28 AM
Refinance Today!!Location: PAWhy are you waiting to refinance! Take advantage of today's low rates!!!InformationContact InformationJoe Gonzalez610-351-7510Contact Reply FormForward to a FriendView Other FlyersRatesRate: $1 per itemLocationPA View MapProfileService Area: PennyslvaniaYears of Service: 12Service Type: FinancialMarket Focus: RefiancePowered by vFlyer.comVFLYER ID: 2217466 … (0 comments)
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refinance: Why haven't you refinanced?!
- 01/30/09 06:17 AM
Rates are fantastic but they will only last for so long! You need to take advantage while you still can!! Call us today at 610-351-7510 for your free rate quote.
Joe Gonzalez1st Metropolitan Mortgage610-351-7510 Officejgonzalez@1stmetro.net www.1stmetropolitan.net
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refinance: Rates Are Ridiculously Low!!
- 12/03/08 06:44 AM
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refinance: You'll Flip Over How Much You Can Save!!
- 06/16/08 09:39 AM
www.1stmetropolitan.net
www.1stmetropolitan.net
With 1st Metropolitan Mortgage you expect top quality Mortgage Concierge Service at extremely competitive rates! That's our guarantee!! Sincerely, Joe Gonzalez Branch Manager … (0 comments)
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refinance: Tired of Just Treading Water?!
- 05/07/08 07:02 AM
www.1stmetropolitan.net
www.1stmetropolitan.net
… (0 comments)
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There are a lot of people who are wondering if now is the right time to move or refinance their current home loan. With interest rates still favorable, a lot of homeowners have the potential to save a lot of money if they are able to secure a home loan with a lower interest rate. There are two ways homeowners can secure a home loan with a lower interest rate. The first is to refinance. The second is to move. Which option is better? There are a few key points to keep in mind.
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