How to Handle Rising Mortgage Rates

Mortgage rates of interest have risen quickly in early 2022, with 30-year mounted charges going from a mean of three.22% in January to five.1% by late April. Whereas that is nonetheless comparatively low traditionally talking – the common fee reached an all-time excessive of 18.63% in 1981 – it nonetheless has a major affect on … Read more

How Piggyback Loans Work

For those who’re making a small down fee on your house, a piggyback mortgage would possibly enable you to keep away from some additional prices in your mortgage. Nevertheless, most of these loans aren’t with out their very own prices and downsides. This is what you must know. What Is a Piggyback Mortgage? A piggyback … Read more

How to Refinance Your Mortgage

Mortgage refinancing is while you take out a brand new dwelling mortgage to repay an current mortgage. If you happen to refinance, you could possibly lock in a decrease rate of interest, scale back your month-to-month funds, repay your mortgage quicker and even faucet into your own home’s fairness. The mortgage refinancing course of could … Read more