Today’s Refinance Rates

When it comes to refinancing, there are 2 types, rate and term and cash-out. Rate and Term Refinancing A rate and term refinance is the act of trading in your old mortgage(s) for a new one without raising the principal. For example: Original mortgage: $200,000 loan, 30-year fixed @6.5% New refinanced mortgage: $200,000 loan, 15-year fixed @4.25% […]
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Today’s Mortgage Rates

Mortgages usually come in two forms, fixed rate and adjustable rate. All the other kinds of mortgages are just a derivative of these 2 basic mortgage concepts. It is important to know what the current mortgage rates are today before making a decision on whether or not to go through the paperwork to obtain a […]
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