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,...
by Alterna Mortgage | Jun 15, 2020 | Financing, Refinancing
When homeowners secure a cash-out refinance, their mortgage is replaced with a new loan with an amount higher than the current loan balance. The homeowner can then withdraw the difference of the two loans as cash. Over the course of the last few months, some people...
by Alterna Mortgage | Jun 13, 2020 | Uncategorized
The Federal Reserve left interest rates unchanged (near zero) amidst a projected gradual economic recovery from the recession. New forecasts predict a slower economic recovery than the Trump administration seems to expect. In the post-meeting statement that...
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