RG: I’ll give you an example: we funded a HELOC in two days. Most mortgage advisors don’t even have a HELOC to offer, and it’s the most valuable product out there today. Our client applied ...

With over three years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed ...

Whatever the reason, here’s how refinancing a mortgage works: Here’s an example: Imagine you have a 30-year mortgage with a 7.25% interest rate and owe $200,000. If interest rates drop and you ...

Boosting your credit score could save you hundreds, or even thousands, of dollars on your home mortgage. For example, according to MyFICO, if you had a loan with a principal amount of 350,000 ...

your mortgage payment will increase. If they've gone down, your payment will decrease. The most popular type of ARM is the 5/1 ARM. We'll use it as an example to show how these types of mortgages ...

The shorter your mortgage term, the lower your rate should be. For example, 15-year mortgage rates are lower than 30-year mortgage rates. Keep in mind that shorter terms result in higher monthly ...

A difference of 0.50% on your mortgage rate doesn’t sound like much, but it can save you thousands of dollars over the life of your loan. Take this example on a 30-year fixed, $300,000 loan ...