Mortgage Loan Insurance Premiums went up last week, what now?
As discussed earlier in April, mortgage loan insurance premiums were increased last week, resulting in an approximate increase of 15% to insurance premiums for those purchasing a home with less than 10% down payment. While the impending increase did cause a bit of a increase in activity for the months of April and May, as…
Why refinancing your mortgage in 2015 will save you money
We have talked about refinancing, and debt consolidation before. The math is simple; replacing high interest consumer debt with relatively low(er) interest rate mortgage money will reduce your monthly payments and overall interest costs. But when it comes to replacing our mortgages, hefty payout penalties often outweigh interest savings, and suddenly the math becomes complicated.…
Debt Consolidation: use your equity to save $
Life gets expensive, and owning a home often adds to the cost of life. Mortgage payments, property taxes, condo fees, maintenance, etc on top of one’s existing debt obligations like; car payments, credit card debt, life insurance, and more adds up. However, for those with equity in their properties, home ownership can provide a wonderful…