When it comes to your mortgage, there are a lot of key terms that are important for every homebuyer to know, and this is no less true than when it comes to refinancing your most important investment. If you’re currently considering refinancing and don’t want to get snared by unknown terminology, here are some terms you’ll need to watch out for.
When does an FHA Streamline Refinance Make Sense?
The FHA streamline refinance isn’t right for everyone, but if rates significantly dropped or you can afford a fixed-rate loan and want out of an ARM, it can make sense. If you’ll stay in the home for the foreseeable future, you can either save money on interest or have a more predictable payment.
What’s Ahead For Mortgage Rates This Week – October 25, 2021
Last week’s economic reporting included the National Association of Home Builders’ Housing Market Index reports on building permits issued and housing starts, The National Association of Realtors(R) reported on sales of previously owned homes, and weekly readings on mortgage rates and jobless claims were also published.
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