3 easy ways to help you find a good mortgage rate

A good mortgage rate really matters as it means less money to be paid every month and saving thousands of dollars in form of interest. Having said that, it is not easy to get a low...

3 significant factors that determine your mortgage rate

When you are purchasing a house, you are always on the hunt for the lowest mortgage rate. If you are keeping a track of the current mortgage rates, then you might have noticed that...

Points to consider before availing cash out refinance

A cash-out refinance replaces your current mortgage with a new loan. You can pay off your current debt obligation and use the balance amount to gain additional funds that can be us...

Pros and cons of cash out refinance

Refinance is a mortgage taken to replace the existing home loan. A cash-out refinance gives you the option to replace your current debt obligation with a high value on the existing...

Important factors that affect your mortgage interest rate

When one is on a lookout for a mortgage loan, their priority is finding the lowest rate of interest. And why wouldn't it be, an interest is one of the biggest cost a debtor has to ...

How does economic activity affect the mortgage rates

You might wonder what goes behind the forever' fluctuating mortgage rates. The answer would be inflation rates of the country and the financial policies set by the treasuries and t...

Breaking down the reverse mortgage calculation

Home Equity Conversion Mortgage (HECM) program is the most popular of the reverse mortgage program due to the fact that this program is attested and backed by the federal governmen...

Factors involved in the formula calculation of HECM reverse mortgage loans

While there is no set formula that can equally assess each individual under the Home Equity Conversion Mortgage (HECM) program for reverse mortgage, the factors used in the calcula...