Mortgages

Whenever the yield curve inverts, refinance your mortgage. Let me use a previous example as to why this is. On March 11, 2019, Federal Reserve Chair Jerome Powell indicated there will be no further rate hikes in 2019, even though he suggested that two were likely this year as recently as December 2018. Then in

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

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 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, Donald,

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