Category Archives: Refinance
Now that Gay Marriage is Legal, What Does it Mean for the Mortgage Market?
On June 26, 2015, the U.S. Supreme Court handed down its ruling on the case of Obergefell v. Hodges. This ruling gave gays and lesbians the right to marry in all states and struck down all current gay marriage bans. While we may not realize exactly how this ruling affected the country for a few years, experts are already anticipating changes in a number of industries. Those in the real estate industry have a few predictions for how same-sex marriage […]
Buying a Home When One Partner Has Bad Credit
Because both of your credit scores will be used by the lender when you apply for a mortgage together, one partner with bad credit could result in denial of your loan application or an offer to lend with a higher interest rate. Following are some tips for dealing with bad credit when buying a home with your partner. 1. Under the Federal Fair Credit Reporting Act, FCRA, nationwide credit reporting agencies must provide individuals with a free copy of their […]
Why you need to refinance your mortgage immediately
For years, the mortgage industry has been living off refinancings, which have often accounted for more than 70% of mortgage applications. Now the refi rage is fading, as rising rates make it harder to save money by replacing an old loan with a new one. But homeowners should not give up too quickly. Saving a little isn’t as good as saving a lot, but better than saving nothing. Those who can still refinance to trim their monthly payments would be […]