Tag: refinance

14 Ways to Revamp Your Personal Finances Even When Money is Tight

April 15, 2023
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Many of the opportunities available to you are dictated by your financial situation, making it difficult to overstate the importance of taking care of your personal finances. When it comes to managing money, most of us have room for improvement. Understanding your current financial situation, setting goals, and making a plan are all important steps…

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Bank Failures Lead to Lower Mortgage Rates

March 18, 2023
Brightinterest ratesinvestingmortgage ratespersonal financeratesreal estaterefinanceUncategorized
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The first good news for potential homebuyers has come out recently with a drop in mortgage rates. Rates had been at a high of over 7 percent, but due to the news of two bank failures, they dropped toward a 6 percent level. The collapse of both Silicon Valley Bank and the Signature Bank seems…

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What Mortgage Company Changes Mean for Your Home Loan

February 14, 2023
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It’s been a bumpy ride for mortgage companies lately. Some lenders have gone out of business, merged with other companies or narrowed their focus. And more changes are likely in 2023. What does all this mean for borrowers? Here are answers to common questions, whether you’re shopping for a mortgage or paying off a home…

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Mortgage Demand Drops as Potential Buyers Ignore Falling Rates and Stay on Sidelines

November 30, 2022
30-year mortgageBusiness & Marketseconomic policieseconomyinflationInvestmentMarketspersonal financereal estaterefinanceUSUS Real Estate
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U.S. mortgage applications tumbled as potential buyers across the country ignored falling borrowing rates and stayed on the sideline due to still-high home prices. Applications for mortgage loans decreased 0.8 percent from a week earlier, according to data from the Mortgage Bankers Association (MBA) for the week ended Nov. 25, 2022, with an adjustment for the…

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As a Senior, Does It Make Sense to Refinance My Primary Home?

August 9, 2022
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If you are a senior and are retired—or about to be—you may wonder if it would be a good idea to refinance your home. Doing so could lower your monthly payments and free up more of your retirement income to enable you to live more comfortably. While getting a home refinance could benefit your financial…

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