You’ve probably heard plenty of news about why now is an ideal time to refinance your mortgage. For most throughout the country, that is the absolute truth. Interest rates are at record lows, and that can translate into huge savings for homeowners.
If you have extra cash to invest, you may be wondering if you should pay off your mortgage early. Will that serve your financial interests best, or are there other options to consider? Here we discuss some of the benefits of paying off your mortgage sooner than needed and other alternatives you might ponder instead.
While selling your home can be exciting (especially if you’re upgrading to a new home), it isn’t always the quickest process. If you’ve lived in your home for an extended period of time, you probably have a laundry list of items you need to do to get it ready to sell.
Taking a mortgage out is a long-term commitment. What if we told you there are some simple ways to maximize your loan payments, minimize the time it takes to pay off your mortgage, and you can save a lot of money all at the same time?
Given the rather high upfront costs associated with buying a home, it’s no surprise most young people choose to start their independent lives renting instead. As they advance in their careers, save money, get married, and start families, most end up buying a home.
People who are looking to buy a house, especially first-time home buyers, hear lots of jargon they might not be familiar with. Between realtors, appraisers, and lenders, they may feel like they are trying to keep up with a whole new language!
As the weather begins to warm, you may be thinking about your summer plans. Are you hoping to take a much-needed vacation with the family, basking in the sun next to your dream pool, or even catching up on your summer reading in your new sunroom?
With interest rates at record lows, many are taking this opportunity to refinance their homes. One of the common questions people ask when considering a refinance is whether they should shorten or extend their mortgage term.
Downsizing. It’s something you may eventually decide to do. Perhaps your children have left the nest and are raising families of their own, and you no longer need the space. You may even decide you’d like to live closer to your grandchildren, so you can watch them grow.
So you’re considering buying your first home. The excitement is in the air, but there is a tinge of uncertainty of whether you’re ready. Is now the time to buy? Can I afford a home? How much money do I need? How do I get a mortgage?
![Make Those Summer Plans [with a HELOC] Graphic](https://content.stratixmarketing.com/wp-content/uploads/2022/02/Make-Those-Summer-Plans-with-a-HELOC-320x202.jpg)
