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|

Denied for a mortgage? This may be why

Here are some reasons homeowners are denied for a mortgage. It's common for homeowners to need a residential mortgage in order to afford their house. According to research from Zillow, around 71 percent of people fit into that category - most of whom tend to be younger buyers. Homeowners want to find the best deal [...]