by Alterna Mortgage | Aug 3, 2020 | Housing Market, Interest rates, Mortgage Programs, Real Estate
The notion that summertime prices are always the highest prices is a myth. The truth is that there are a number of factors that determine home pricing such as summer slowdown at the office, fluctuating interest rates, general economic health, and this year: COVID....
by Alterna Mortgage | Jul 28, 2020 | Credit, Housing Market, Interest rates, Real Estate
Save for a Down Payment It’s generally common to put 20% down, but first-time home buyer programs allow as for much less. Keep this in mind: putting down less than 20% may mean higher costs and paying for private mortgage insurance. Check Your Credit Your credit will...
by Alterna Mortgage | Jul 23, 2020 | Financing, Interest rates, Refinancing
The process of refinancing your home is nearly identical to applying for your first mortgage. Before you begin, you’ll definitely want to connect with us at Alterna Mortgage to go over your options. We will help automate the process as much as possible for you by...
by Alterna Mortgage | Jul 17, 2020 | Interest rates, Refinancing
Since mortgage rates at an all-time low, refinancing has become a hot topic for homeowners. There is a good reason for this: refinance could lower the interest rate on a homeowner’s mortgage and save them significant money in the long term. As we have mentioned...
by Alterna Mortgage | Jun 19, 2020 | Financing, Refinancing
Refinancing a home doesn’t need to be a complicated process. Half of the battle is knowing the terminology used in the mortgage and finance industries. Let’s take the guess work out of some of these terms by defining them: Adjustable-Rate Mortgage Also called an ARM,...
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