Summary: Because many weeks might elapse between closing on a refinance and making the first payment, some borrowers are led to believe that they "skip" a month of payments. This is false. Because mortgage remittances cover the previous month's interest,…
Summary: COVID-19 caused many companies to place workers on unpaid leave. This challenges those employees seeking to purchase or refinance a house. Still, there are ways to overcome the challenges. A job represents many things: security, pride, worth, and contribution,…
Short: When considering the refinance of a current mortgage, many homeowners choose to wait, anticipating that interest rates will decline further. In fact, rates are low now and numerous influences can cause them to rise. Given the low rates and…
Summary: The national response to the COVID-19 outbreak has driven mortgage interest rates to record lows. States are making every effort to keep the real estate transactions moving along. Home owners should refinance if the savings are significant and their…