Even with record-low mortgage rates, many refinancing borrowers are choosing to pay down their loan balances rather than borrow more money. According to a recent report by Freddie Mac, “cash-in” borrowers – those who reduced their principal balance by paying in additional money at the closing table – represented 22 percent of all borrowers who […]
Time For Homeowners to Refinance Mortgages?
Time For Homeowners to Refinance Mortgages? Interest rates vs. costs and declining values are key factors to consider when refinancing your home. Is now the time for you to consider refinancing? Mortgage expert Chip Cummings answers some key questions in this Fox News interview… Have a question or comment about mortgage refinancing in today’s market? […]
5 Things to Check Before Refinancing
5 Things to Check Before Refinancing Since mortgage rates have remained low, homeowners have been rushing to refinance. But before you lock in at a lower rate, here’s a checklist to make sure you’re saving money and getting the best loan for your needs. 1. Use a refinance calculator to make sure you are saving […]