“There’s no such thing as a free lunch.” Such words have never been more relevant to consumers being pitched to take out a no cost loan. No cost mortgage mortgages have been around since the mid-90s and offer consumers the ability to pay no closing fees. The general closing costs, you’d otherwise pay in procuring…
Read MoreTaking out a mortgage loan requires careful consideration of all the costs associated with a purchase or refinance transaction. For many, trying to do their due diligence of mortgage comparison shopping, reading, analyzing and interpreting the good faith estimate can be somewhat of a misnomer. The revised good faith estimate goes into much greater detail…
Read MoreThere’s an old saying amongst homeowners that you shouldn’t refinance your mortgage unless you can save 1% in interest rate. So in other words, if your mortgage is 5% for example, and you can get for 4.125% on a new home loan refinance, you shouldn’t do it because you’re not saving the full 1%. This…
Read MoreThere is so much confusion out there associated with getting an FHA streamline refinance. You can still get a low Sonoma County mortgage rate by refinancing your FHA Loan. Because of the way the market is presently, borrowers have the capability of getting a no cost FHA streamline Refinance done. Most people who have FHA…
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