15-Year vs. 30-Year Mortgages: Which is Better?

If you can spare a little more money each month, switching from a 30-year to a 15-year mortgage can save you big bucks in the long-run.

Full Story

The post 15-Year vs. 30-Year Mortgages: Which is Better? appeared first on MintLife Blog.

Continue Reading →

20-Year vs. 30-Year Mortgages: Get a Lower Rate?

It’s time for a new mortgage match-up. Since paying down the mortgage early seems to be so en vogue these days, it makes sense to compare “20-year mortgages vs. 30-year mortgages.” The most common type of mortgage is the 30-year fixed. It amortizes over 30-years and the mortgage rate never changes during that time. Each [&hellip

The post 20-Year vs. 30-Year Mortgages: Get a Lower Rate? first appeared on The Truth About Mortgage.

Continue Reading →

Don’t Let Your Current Lender Talk You Out of a Mortgage Refinance

What I’ve seen and heard through the years is certain lenders not being so forthcoming with existing customers wanting to refinance their mortgage. For example, when a homeowner goes to inquire about the “awesome low rates,” their first instinct may be to pick up the phone and call the lender who gave them their current [&hellip

The post Don’t Let Your Current Lender Talk You Out of a Mortgage Refinance first appeared on The Truth About Mortgage.

Continue Reading →

Why Are Mortgage Rates Different?

Mortgage rate Q&A: “Why are mortgage rates different?” Why is the sky blue? Why are clouds white? Why won’t your neighbor trim their tree branches? These are all good questions, and ones that often puzzle even the most savvy of human beings. First things first, take a look at how mortgage rates are determined to [&hellip

The post Why Are Mortgage Rates Different? first appeared on The Truth About Mortgage.

Continue Reading →

Why Adjustable-Rate Mortgages Are Bad News Right Now

With mortgage interest rates as low as they are at the moment, you may be looking beyond fixed-rate options if you’re in the market to purchase a home or refinance an existing home loan. After all, while 30-year fixed mortgage rates are hovering around 2.75%, some adjustable-rate mortgages are in the very low 2% range. [&hellip

The post Why Adjustable-Rate Mortgages Are Bad News Right Now first appeared on The Truth About Mortgage.

Continue Reading →

15-Year Fixed Mortgage Rates Just Hit Record Lows: Should You Consider One?

While 30-year fixed mortgage rates tend to steal all the headlines, 15-year fixed mortgage rates quietly reached record lows this week as well, per Freddie Mac’s weekly survey. This morning, Freddie announced that the 30-year fixed fell to a new record low 2.65%, down from 2.67% last week. That was the first record low of [&hellip

The post 15-Year Fixed Mortgage Rates Just Hit Record Lows: Should You Consider One? first appeared on The Truth About Mortgage.

Continue Reading →

5 Rampant Mortgage Myths You’ll Hear These Days—Completely Debunked

In such a quickly changing mortgage landscape, it’s easy for myths for circulate. Here’s the truth behind common mortgage mistruths you may hear today.

The post 5 Rampant Mortgage Myths You’ll Hear These Days—Completely Debunked appeared first on Real Estate News & Insights | realtor.com®.

Continue Reading →