Refinancing Archives

Refinancing your home has many different advantages. However, there is a lot involved in the process. Stay up to date with the latest information about refinancing and what to expect.

Why The Holidays are a Great Time to Refinance Your Mortgage

6 Dec

Why The Holidays are a Great Time to Refinance Your Mortgage

Jack Seri2017-12-06T20:16:25+00:00December 6th, 2017|Refinancing|

If you're a homeowner in Las Vegas and you want to lower your mortgage payment and/or consolidate your debt, then refinancing might be the right option for you! So how does it Work? Well, its not always that simple. There are many factors that determine if refinancing is right for you, such as interest rates [...]

Is it Better to Pay Off Your Mortgage or Invest?

12 Apr

Is it Better to Pay Off Your Mortgage or Invest?

Derek Parent2017-11-30T19:38:10+00:00April 12th, 2016|Las Vegas, Mortgage News, Real Estate News, Refinancing|

When it comes down to it, this is not a simple or straightforward question. There are so many variables that you really need to whip out a calculator, talk to your CPA, visit a financial planner and/or retirement specialist, and so on and so forth. It also depends on your mortgage rate, your tax bracket, how [...]

5 Ways to Use a Mortgage Calculator

6 Feb

5 Ways to Use a Mortgage Calculator

Derek Parent2017-12-01T00:03:59+00:00February 6th, 2016|Homebuying Tips, Mortgage News, Refinancing|

Whether you’re hoping to buy or planning to sell, a mortgage calculator can give you some valuable insights. Here are five questions a monthly mortgage calculator can help answer to make you more savvy about home buying. Should you rent or buy? There’s more to being a homeowner than just swapping a rent payment for [...]

Should You Combine Finances with Your Partner?

17 Jan

Should You Combine Finances with Your Partner?

Derek Parent2017-11-30T19:58:50+00:00January 17th, 2016|Homebuying Tips, Las Vegas, Refinancing|

Depending on who you ask, combining finances with your significant other is either a positive step towards establishing a life together OR the worst idea ever. If you're considering it, here are some pros and cons to weigh. Pros Teamwork If you’re on the same page and your financial priorities are fully aligned, you're likely looking [...]

What Happens if You Inherit a Mortgage?

31 Oct

What Happens if You Inherit a Mortgage?

Derek Parent2017-11-30T20:26:02+00:00October 31st, 2015|Homebuying Tips, Las Vegas, Mortgage News, Refinancing|

Most homeowners have mortgages, and the sad reality is all homeowners die eventually. And, if a homeowner dies with an outstanding mortgage loan, the mortgage company still expects to be paid. Whether the balance owed will be due all at once or can be paid off over time depends on who inherits the home and [...]

1 Apr

Why Lenders Care About the Past 2 Years of Your Life

Derek Parent2017-11-30T20:34:35+00:00April 1st, 2015|Homebuying Tips, Refinancing|

The last two years of your life are very important to a mortgage lender. They will want to know everything about your income, assets, credit and employment during this time period. These facts about your life let the lender know many things about you, including your ability to have a consistent, stable life. A consistent [...]

27 Jan

Should You Refinance?

Derek Parent2017-12-01T09:32:49+00:00January 27th, 2015|Las Vegas, Mortgage News, Real Estate News, Refinancing|

Homeowners who missed the last refinancing boom have been given another chance! Interest rates for 30-year fixed mortgages are at their lowest level in over a year and a half last week, and remain close to their lowest level in 50 years. Not many experts expect rates to stay low, however. According to the Mortgage Bankers Association, 30-year [...]

9 Jan

FHA to Reduce Annual Insurance Premiums

Derek Parent2017-11-30T00:13:26+00:00January 9th, 2015|Homebuying Tips, Mortgage News, Real Estate News, Refinancing|

Reduction to increase credit affordability and reflects improved economic health of FHA WASHINGTON – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent. This action is projected [...]

23 Jul

What is Cash Out Refinancing?

Derek Parent2017-12-01T10:25:16+00:00July 23rd, 2014|Refinancing|

What is cash-out refinancing, and when does it make sense? Basically, the definition of cash-out refinancing is this: you refinance your mortgage for more than you currently owe, then pocket the difference. Sounds like a pretty good option, right? Well, not always. It depends on a number of factors like interest rates and the equity [...]