Mortgages

Here’s a primer for those looking to borrow

With interest rates on the rise, but still considerably less than they were for many years, now may be the time to consider rolling some of your high-interest revolving credit card debt, or other loans, into something with a lower interest rate.

Looking to sell your home but worried that the market is cooling off? Here are some tips to help you get started!

Simple ways to add value to your home

It’s a seller’s housing market, but that doesn’t mean you have to be complacent about your home’s value. Here are several projects that can add value to your home, so that when you do decide to sell, you’ll get the best offers possible.

How to know if you should borrow against your home equity

Amassing equity by paying down the mortgage on your property is a good thing. Equity refers to the amount of your home that you own.  If your home is valued at $200,000 and you owe $100,000 on your mortgage, that means you have $100,000 in equity. One of the benefits of equity is that you can borrow against it. The question is, should you?

A few things to know about getting pre-approved for a mortgage

Getting pre-approved for a mortgage is an important final step when house hunting. This shows the sellers that you’re a serious and capable buyer. Here are three other things to know about pre-approved mortgages.

What to do before refinancing your mortgage

Refinancing your mortgage can be a great way to save money. You can potentially reduce your interest rate, your monthly payment and the total you’ll pay overall on the loan. Here’s how to navigate the refinancing process if you’re thinking of taking the plunge.

If you’re on the fence about selling your home, we have a stat that might interest you. A study from the National Association of Realtors found that the median home price was $303,900 in January 2021 — a 14 percent jump compared to January 2020. The message? It’s a seller’s market. Here are some other things to consider if you’re ready to sell your home.

According to a recent study of Generation Z young people ages 18 to 25, buying a home remains top-of-mind even during the pandemic. The report found that 83 percent of Gen Z dream of buying a house within the next decade. However, the reality of the market and their financial situation is making things difficult for them.

Four questions to ask yourself before you refinance your mortgage.

With mortgage rates at their lowest point in years, you might be asking yourself if now is a good time to refinance your home loan. You’re not alone. According to the Mortgage Bankers Association, in early February, the volume of refinanced loans was at the highest level since 2013. Here are four questions to ask yourself before you join those homeowners who refinanced.

Refinancing your home is a big step to take. Before jumping into the refinancing process it is important to know exactly what you are doing, what your end goal is, and what additional details go along with the process. Start by meeting with your financial institution and discuss the questions below before following through with refinancing.