by Alterna Mortgage | Jul 17, 2020 | Interest rates, Refinancing
Since mortgage rates at an all-time low, refinancing has become a hot topic for homeowners. There is a good reason for this: refinance could lower the interest rate on a homeowner’s mortgage and save them significant money in the long term. As we have mentioned...
by Alterna Mortgage | Jun 19, 2020 | Financing, Refinancing
Refinancing a home doesn’t need to be a complicated process. Half of the battle is knowing the terminology used in the mortgage and finance industries. Let’s take the guess work out of some of these terms by defining them: Adjustable-Rate Mortgage Also called an ARM,...
by Alterna Mortgage | Jun 15, 2020 | Financing, Refinancing
When homeowners secure a cash-out refinance, their mortgage is replaced with a new loan with an amount higher than the current loan balance. The homeowner can then withdraw the difference of the two loans as cash. Over the course of the last few months, some people...
by Alterna Mortgage | Jun 11, 2020 | Credit, Refinancing
With everything that’s been going on lately, interest rates have dropped dramatically. For some homeowners it is the perfect time to refinance their home mortgage. Does refinancing make sense for you and your family? There are two critical things to educate...
by Alterna Mortgage | Mar 31, 2020 | COVID-19, Real Estate, Refinancing
The COVID-19 pandemic has forced many companies within the real estate and mortgage industries to adjust their business practices. Here are a few highlights: Remote Online Notarization The Oregon Association of Realtors (OAR) is advocating for and participating in the...
by Alterna Mortgage | Jan 29, 2020 | Housing Market, Refinancing
Refinancing your home might be something you are considering. After all, interest rates are generally low right now and you may be able to swap out your old, higher interest rate mortgage for a new one with lower rates. But will that put you in a better financial...
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