Author Archives: HSMadmin

5 Tips Before Applying for a Mortgage

Wise financial decisions are critical during the period leading up to submitting a mortgage application. Do plenty of research, cleanup personal financial flaws, and make smart decisions about changes occurring in other areas of your life that will affect the judgment on your application. Follow the below steps to put yourself in the best position […]

Should I Lock In My Mortgage Rate Today?

How Do I Know if I Should Lock in My Mortgage Rate Today? When you’re first considering applying for a home loan, whether to refinance or to purchase a home, you discover that interest rates for mortgages are a moving target. Mortgage companies set rates each day and rates change often, especially during volatile times. […]

Should I Get a 15 Year Mortgage? Here’s How to Tell

Buyers soon discover they’ve got more than a few decisions to make when first embarking on a new home purchase. One such consideration is your mortgage. And there are more than a few choices there, too. Homeowners may find themselves asking; Should I get a fixed rate loan or an adjustable? Should I lock in […]

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4 Mortgage Refinance Options for Consolidating Debt

When comparing interest rates on home loans with other types of consumer debt such as credit cards or automobile loans it becomes immediately clear there’s quite a bit of difference.Why the disparity? Home loans are secured by real estate while credit cards are not.Other installment debt such as an automobile loan can also carry higher rates […]

4 Refinance Mistakes to Avoid

Refinancing comes with many intricacies and it’s hard to know what to do and what not to do in order to get the best deal on your refinance. We’ve outlined some foundational tips to get started on knowing what refinance mistakes to avoid.

Secrets to Getting the Lowest Refinance Rate

When it comes to getting the lowest refinance rate, there are a few key questions to ask your lender. Being informed about your specific situation will help you get the inside scoop on how to manage your refinance and get the lowest refinance rate. When evaluating refinance lenders, be sure to ask these questions and think […]

How to Refinance Your Mortgage with Bad Credit

There are plenty of benefits to refinancing your mortgage — lower interest rates, lower monthly payments, and building equity faster are all inviting incentives to refinancing. If you’re looking to refinance your mortgage, it is recommended that you do so through a direct lender instead of a bank due to the specific focus and expertise […]

How to Refinance to a Lower Interest Rate

When you need to refinance your home, it’s wise to know the driving factors behind determining your interest rate.

How Much Can I Save By Refinancing?

Mortgage refinances typically aim to lower your monthly payment while cash-out refinances are often used to take care of other debts or make improvements to your home. Your home mortgage interest rate depends on a number of variables that are currently being decided by the Federal National Mortgage Association (FNMA), otherwise known as Fannie Mae. […]

The Refinance Process – Explained

The refinance process starts well before you start filling out refinance applications. Depending on how well you’ve prepared and organized your refinance information will determine the time it takes to complete the refinance. We will explain the refinance process and what it looks like for your mortgage.