Refinancing could be a valuable strategy for managing your mortgage and improving your financial well-being. Refinancing could offer opportunities to secure a lower mortgage interest rate, reduce monthly payments, or tap into your home's equity. However, refinancing isn't always the best [...]
When you take out a loan to purchase a house or refinance an existing mortgage, you might be surprised to realize that closing costs can add up to 3% to 6% of the total loan amount. As a result, some [...]
When you're ready to buy a home, you may come across many different options of who to work with to finance your house. Among all of the other factors you may be focused on such as closing the deal and [...]
There's no doubt you have probably heard someone mention refinancing in the past few years. Refinancing your mortgage basically means you “are trading in your old mortgage for a new one, and possibly a new balance” (CentralBank). With refinancing being a [...]
Recently, refinancing has been a trend on the rise. However, many homeowners are unsure where to begin when it comes to refinancing their mortgage. If the refinance process seems confusing to you, then our simple and easy four step guide [...]
Over the life of your mortgage, you may want to refinance to meet a variety of personal and financial goals. Furthermore, it’s important to ask these basic questions before making the decision to refinance your mortgage. Make sure to ask [...]
Executive Summary: Anna and Nick are previous mortgage clients of Direct Mortgage Loans. They knew they had a great experience with their home purchase but wanted to know if they could benefit from a refinance. With an opportunity to reduce [...]
