'Low' Interest Rates May Cost Borrowers Big Money

By Jason Neuffer |   Sep 02, 2022

A higher percentage of homeowners than ever before have interest rates below 3.25%. Is it a good financial decision to keep that rate or is it a false sense of financial security?

The average homeowner lives in their home for eight years. Unless they have purchased their forever home, they will be financing another mortgage at the time of the next purchase and will be subject to current interest rates. The idea that they are locked in for 30 years (unless they are one of the few who actually stay in their home for 30 years) is already a false sense of security. The best way to ensure financial stability is to eliminate high-interest debts, even at the expense of a low-interest first mortgage.

What Is The Real Cost Of Mortgage Steering?

By Angela Medlar |   May 19, 2022

The real cost of mortgage steering could be tens of thousands of dollars over the life of the mortgage loan and could even make the difference between winning and losing an offer on a home.

It may seem super innocent. A mortgage lender offers to pay for a real estate agent’s marketing or offers the agent a desk in the lender’s office. In return, the real estate agent exclusively sends buyers to that mortgage lender, which may have terms less favorable than those of other lenders.

A HECM Could Help You Enjoy Having No Monthly Mortgage Payments During Retirement

By Jason Neuffer |   May 10, 2022

Interest rates and inflation are rising rapidly. The good news is, so are home values. This means if you are feeling the squeeze from rising prices at the gas pump and grocery store, your home equity may be the key to your financial freedom. How does no monthly mortgage payment and instead having payments made to you monthly sound? Too good to be true? It may be within reach.