by Alterna Mortgage | Sep 28, 2021 | Financing, Interest rates, Refinancing
Federal Reserve officials are expected to slow the asset purchases used to support the US economy during the COVID pandemic. Officials also indicated that they might raise interest rates in 2022. Both of these can be signs that policymakers are preparing to move away...
by Alterna Mortgage | Aug 2, 2021 | Financing, Interest rates, Refinancing
If you’ve been waiting to move ahead with a refinance, you are in luck: low mortgage rates are back. Many homeowners recently decided to enter the refinance market as the average rate on a 30-year mortgage dropped last week to 2.78%. This is not too far from...
by Alterna Mortgage | Jun 22, 2021 | Financing, Refinancing
With rates still low…you may want to consider shortening the term of your mortgage. Shortening your mortgage term is a great way to save money on interest. Often, shortening your term means you’ll receive a better interest rate. A better interest rate and...
by Alterna Mortgage | Jun 14, 2021 | Credit, Financing, Home Buying, Interest rates, Refinancing
When getting ready to buy a house (or refinance), you will go through the process of getting your credit scores. Often times the credit scores are a bit different across the major bureaus when your credit is pulled by a lender. Why does this happen? Actually, there...
by Alterna Mortgage | Jun 3, 2021 | Financing, Housing Market, Refinancing
Home values are through the roof and rates are still very low. Higher home values and interest rates as low as they are means you may be able to refinance with some cash out to pay off high interest debt. You might even be able to reduce your monthly mortgage payment...
by Alterna Mortgage | May 28, 2021 | Financing, Home Buying, Housing Market, Interest rates
Spring is normally the hottest time of year for home sales. Buyers get serious when the warmer weather arrives and most families want to move before the next school year begins. Last year, the coronavirus crisis led to a housing market halt in mid-March, as states...
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