Refinancing is paying off an existing loan with a new one. The new loan typically has better features or terms that help save you money making the refinance process worthwhile. There are numerous reasons why homeowners refinance: Shorten the mortgage term A shift from an adjustable-rate mortgage to a fixed-rate mortgage and vice versa Get …
Should I pay off my student loan before buying my first home?
Buying a home is part of the American Dream, which is on most Americans’ bucket list. However, affording a down payment for your dream home can be a daunting task, especially with outstanding student loan debt. Statistics show that the median down payment for a first-time homebuyer was 6% of the home price in 2019. …
The top 5 things you need to know to when applying for a mortgage
Owning a home is part of the American dream for many and getting a mortgage is one of the stages to get there. A mortgage is a type of a secured loan to buy or refinance a home or property. A financial institution or a mortgage lender lends you money to purchase a home if …
Why do we celebrate St. Patrick’s Day?
St. Patrick’s Days is celebrated in honor of St. Patrick, a real person and the patron saint of Ireland. The holiday is celebrated on March 17th, which is the day he supposedly died. While he was originally born in England, he was kidnapped and brought to Ireland as a slave when he was 16 years …
Falling out of love with your home? (part 5: The Home Theatre)
Over the past year, the home has become the office, the classroom, the gym, and our safe place. After spending so much time at home, many homeowners wonder, have I fallen out of love with my home? Does my family need more space, or do we need to do more with what we have? Home …
Falling out of love with your home? (part 4: The Art Studio)
Over the past year, the home has become the office, the classroom, the gym, and our safe place. After spending so much time at home, many homeowners wonder, have I fallen out of love with my home? Does my family need more space, or do we need to do more with what we have? Home …
