Spoiler alert: all mortgage loans have closing costs. But what about the so-called “no closing cost” loans? They also have closing costs, it’s just a matter of who pays for them and how. Closing costs must be paid by someone. In different parts of the country, it may be customary for the seller to pay […]
Mortgage Refinance
Good Time for a Debt Consolidation Loan?
A debt consolidation loan pretty much says what it is- it’s a loan that consolidates outstanding debt. But why is now a good time to look into one? There are several reasons but mostly it’s about the current state of the interest rate environment. If you haven’t noticed, mortgage rates are near record lows. One […]
Difference Between Cash Out and Rate and Term Refinance
Mortgage companies have their fair share of loan terms for the different home refinance options. The most common are the cash-out refinance and rate and term. What are the differences between the two terms and why should it matter? Let’s take a closer look at refinancing and what makes one and what makes the other. […]