Occasionally, friends/clients ask if they should refinance so they can lower their mortgage payment. If interest rates have fallen, if you are trying to drop mortgage insurance and your current lender is playing hardball, or if you are just trying to lower your payment by extending your loan out further, then refinancing may be the … Continue reading What is Mortgage Recasting?
As a real estate agent I spend a lot of time looking at mortgage quotes. I think I spend more time than most agents, because I'm such a nerd about personal finances. That, and I want to make sure my buyers are getting a good deal. I think it's an important part of my job. … Continue reading Should I buy down my mortgage interest rate?