Should you buy a home in 2024? Where will mortgage rates go in the coming year? Read this to get more information.
Published on 12/20/2023
Are you thinking of putting your Christmas presents on a credit card again but haven't paid off last year's yet? Maybe even the year before? Well, you're not alone. The average American carries a significant amount of consumer debt. In fact, American households carry a total of $103,358 in consumer debt [1]. So, what's a quick solution? How about a cash-out refinance of your home? Right now, the average homeowner has over $274,000 in equity [2]. That could be your ticket to not only consolidating debt but also tackling those home improvement projects you've been putting off.But wait, there's more to consider. Let's talk about blended rates. Afraid of losing that low mortgage rate you snagged a few years back? Compare that to what you're paying on high-interest credit card debt. With credit card interest rates hovering around [insert average credit card interest rate]%, a refinance at around 7% could actually lower your overall payments, including that high-interest credit card debt. It's not a one-size-fits-all solution, but it's worth exploring before jumping into a debt management plan that might harm your credit.Remember, every situation is unique, so it's crucial to crunch the numbers and see if this strategy works for you. And if you're unsure, don't hesitate to reach out to us. Visit our website or contact us directly for personalized advice. Let's make this holiday season the start of a financially smarter new year!
Published on 12/13/2023
Here's what today's rate announcement from the Federal Reserve could mean for potential homebuyers.
Published on 12/13/2023
Are you a first-time home buyer struggling to save for a down payment? Discover how down payment assistance programs can bring your dreams to life!
Published on 12/12/2023
Don't let those rates ruffle your feathers. Armed with these concessions, you're ready to conquer the world of homeownership—even when rates are playing hardball!
Published on 12/06/2023
Are you a borrower looking for a mortgage loan but don't fit the traditional lending standards? Our guide to Non-QM loans might be the answer you've been seeking. Discover how this alternative loan option can help you achieve your homeownership dreams.
Published on 12/04/2023
As a borrower, understanding the impact of better mortgage rates is crucial. Discover how lower rates can benefit you and the overall housing market.
Published on 12/01/2023
VA home loans have been opening the doors of homeownership for nearly 80 years! Learn more about how this program can help you too.
Published on 11/29/2023
Buying your first home in New Mexico? Get ready for a wild ride! We'll decode the mortgage lingo and help you navigate this exciting chapter. Let's do this!
Published on 11/27/2023
Grab your rake, call up your HVAC technician, and get ready to embrace the fall season by preparing your home for the months ahead.
Published on 11/22/2023
Learn about the various government loans that are available to help you buy your dream home.
Published on 11/15/2023
Avoid these common veteran home loan mistakes and contact us to apply for VA loan.
Published on 11/08/2023
Concerned about whether you can get a home loan after filing chapter 13? We're here to help! Learn how to prepare for a loan after filing bankruptcy.
Published on 11/01/2023
Watch out for these signs on your next home tour! It could save you money and headaches.
Published on 10/25/2023
Multi-generational living is not just about cutting costs but also about creating a richer, more fulfilling, and affordable life for multiple generations under one roof.
Published on 10/18/2023
ARM loans have been talked about a lot more these days, thanks to their low rates. Here's what you need to know about potential risks and benefits.
Published on 10/11/2023
