Working families can now reap the benefits of an $800 annual savings on mortgage payments thanks to a 30 basis point reduction in FHA Annual Mortgage Insurance Premiums, part of President Biden and Vice-President Harris’ efforts to make homeownership more accessible and affordable. HUD’s announcement of a 30 basis point reduction to the annual mortgage...
With today’s interest rates still incredibly low, refinancing is still a common topic of discussion. Refinancing can be a great way to help save money, but it’s not a great option for everybody.
Refinancing is the process of paying off your original mortgage and replacing it with a new one. If your current financial situation is different from what it was when your first mortgage was originated, you may benefit from a refinance.
Refinancing isn’t for everyone. But it can be beneficial. So it's important to know the facts. That way you can make an informed decision if refinancing is right for you.