Is refinancing my mortgage a good idea?

Sometimes refinancing costs you more than you expect. According to NerdWallet, Americans lose at least $13 billion a year by not refinancing their residential mortgages. While it's true the process can save you a lot of money, it can also be a poor financial decision. Here's a brief explanation of how to determine whether or not refinancing your [...]

2017-08-22T21:04:37+00:00August 22, 2017|Economics 101, Loan Update 101|

3 sources of down payment funds that aren’t your savings

For many, saving up for the down payment is the most challenging hurdle to overcome. Thousands of Americans make the move to homeownership every month. But buying a home isn't always simple. In fact, it can often become confusing and stressful. What is making the buying journey difficult for consumers? For many, saving up for [...]

2017-08-22T19:42:33+00:00August 22, 2017|Economics 101, Loan Update 101|