With mortgage rates at historical lows, you may have heard friends, family, or coworkers talking about how they’re taking advantage by refinancing their existing mortgage. Does this mean that everyone with a mortgage should call their favorite mortgage broker and demand a refinance? Not...
How VA Loans Compare to Traditional Mortgages If you qualify for VA loans Houston options, there is almost no other type of mortgage loan program that could offer you comparable benefits. To put this into better perspective, consider a comparison between VA loans and conventional loans. Down...
FHA Loans If you’re a first time home buyer or have a lower than average credit score, an FHA loan may be a great option for you. These loans have lower down payments, but additional stipulations, so it’s important to know what makes FHA loans different from traditional loans. Homebuyers often...
When you are purchasing or refinancing a home it is important to shop your mortgage rates among multiple companies to find the best deal. The mortgage industry is a highly competitive industry with each company trying to offer their best deal to earn your business over the others. If you play your...
VA loans are possibly the best loan a consumer has available, and rightfully so! For their great sacrifice to our country, our Veterans have access to amazing benefits through their VA home loan. Let’s go over a few of the upsides to a VA home loan. 100% Financing When purchasing a home using your...
When shopping for a loan most people are only concerned about interest rate, a smart shopper should also be concerned about the mortgage closing costs that come along with purchasing or refinancing a home. Most people are shocked to learn how many people are involved with your closing, “well,...
With mortgage rates at all-time lows, it may be the right time for you to refinance your existing mortgage. As of today (09/07/2020), the 30-year rate is sitting at 2.75% to 3.250% depending on your credit score and equity in your home. If your current rate is 3.875% or above you should definitely...
Refinancing is something homeowners often consider a few years into their mortgage can be a great way to achieve better interest rates, lower monthly payments, and gain more desirable terms. However, depending on your specific situation, refinancing could do more harm than good. It does come with...
Financial advisors all over America are referring homeowners to mortgage companies like Rock Mortgage to discuss cash out refinance options because they know how difficult it is to create wealth while carrying around large amounts of consumer debt. Not all debt is created equal. With equity levels...
With mortgage rates at all time lows, it may be the right time for you to refinance your existing mortgage. As of the today (06/15/2020), the 30-year rate is sitting at 2.875% to 3.250% depending on your credit score and equity in your home. If your current rate is 3.875% or above you should...
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