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Refinancing

Borrowers can obtain a better interest term and rate through refinancing. Refinancing occurs when home owners select a new mortgage to replace the original mortgage. The first loan is paid off. Then, the lender creates a new second loan.

Additionally, this tag features all of the related blog posts for real estate financing and interest rates. Using bank financing, buyers and investors secure the capital from the lender to buy. Furthermore, borrowers can use capital to renovate a property. Lending allows the property to be used as collateral for the loan.

Banks determine the interest rates by the type of property, length of loan, % down payment, credit score, total debt, and many more. As the loan marketplace is constantly changing, we strongly recommend speaking with a mortgage loan officer before starting your property search.

Shop for loans at bankrate.com.

3 08, 2017

Mortgage rates fall in 2017

By |2018-07-05T09:51:51-05:00August 3rd, 2017|News|0 Comments

Alert residential real estate buyers in Oxford! More positive news for residential real estate buyers in Oxford! The National Association of Realtors Pending Home Sales Index, an indicator of housing demand, fell 0.8% in May for the third consecutive decline. Economists are speculating that interest rates are unlikely to rebound to pre-election highs of 4.3% amidst concerns of the new administration triggering more economic growth. Mortgage rate trends to 10-year T-bill Mortgage rates tend to follow the 10-year Treasury yields. For this reason, mortgage rates will increase if investors are expecting short-term interest rates to rise due [...]

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4 02, 2016

Is it time to refinance with the current low interest rates

By |2020-02-19T10:57:55-06:00February 4th, 2016|Lending, News|0 Comments

While it may take some time to cross the break-even point, a refinance is a good idea if you are planning to stay put for awhile. Pros of refinancing your mortgage There has been a lot of buzz in real estate news lately due to continually decreasing mortgage rates. Low mortgage rates are not normal throughout financial history. Current rates are nearing historic lows. For historical data about mortgage rates, check out Freddie Mac archival data recorded since 1971. Mortgagors need to be give serious analysis to these low-interest conditions when they do occur. [...]

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