Home
Insight

Knowledge is power.

What Goes Into Your Mortgage Rate? Many Factors

What Goes Into Your Mortgage Rate? Many Factors

A mortgage rate is like the time displayed on a digital wristwatch: You see a number, but you don’t see the complex calculations concealed beneath. Since August, mortgage rates have lingered near the lowest levels in three years — right around 4% APR, according to...

read more
Cash Out Refinance Pros and Cons

Cash Out Refinance Pros and Cons

What is a cash-out refinance? A cash-out refinance replaces your existing mortgage with a new home loan for more than you owe on your house. The difference goes to you in cash and you can spend it on home improvements, debt consolidation or other financial needs. You...

read more
How to Buy a House Without Help From Your Family

How to Buy a House Without Help From Your Family

On the highway to homeownership, coming up with a sufficient down payment continues to be one of the biggest roadblocks. In fact, many prospective home buyers, particularly first-timers, find it hard to overcome this challenge without the kindness of loved ones. Among...

read more
3 Ways Parents Can Help Grown Kids Own a Home

3 Ways Parents Can Help Grown Kids Own a Home

When responsible first-time home buyers need help buying a home, the family bank can sometimes lend a hand. Younger home buyers face a mountain of obstacles, including rising home prices and interest rates, too few homes for sale and unpaid college debt. Student debt...

read more
The ‘Good Enough’ Home May Be Just Perfect

The ‘Good Enough’ Home May Be Just Perfect

Constructed from aspirational Instagram feeds and reality TV, the dream home floats in the imagination like a castle in the sky but dissolves in the rain of hard numbers. Chasing the dream can lure buyers to overextend themselves financially. Or the high prices can...

read more
9 Housing and Mortgage Trends for the Rest of 2019

9 Housing and Mortgage Trends for the Rest of 2019

The first half of 2019 surprised housing markets across the country: Mortgage rates fell. That’s the opposite of what the experts had predicted at the beginning of the year, and it’s welcome news for home buyers, sellers, and homeowners. Millions of owners could...

read more
Consider a Mortgage Refinance Even If You Bought Recently

Consider a Mortgage Refinance Even If You Bought Recently

Mortgage rates have fallen so much lately that millions of homeowners might benefit by refinancing — even if they bought a home just last year. A typical refinancer could save more than $150 a month. Some homeowners have gotten the message: Refinance applications have...

read more
Make a Home Down Payment Without Wrecking Your Finances

Make a Home Down Payment Without Wrecking Your Finances

Maximizing a home down payment can make sense: The bigger the down payment, the lower the monthly mortgage bill and the better the chance of building equity more quickly. But putting too much down could leave you without enough cash for home maintenance — or anything...

read more