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 | May 12, 2020 | Financing, Interest rates
The interest rates in the 1980s were high. With a few exceptions, they have generally been on a decline ever since. Want to see what your current home mortgage would have been like in 1983? How about in 1979? Or 1995? Take a look at our Historical Rate Chart. Endless...
by Alterna Mortgage | Apr 4, 2020 | COVID-19, Financing, Interest rates
What has been happening with the mortgage industry since COVID-19 was classified as a pandemic? In short: a lot. Economies have come to a standstill and financial markets have been turned completely on their head. Let’s take a look at exactly what happened....
by Alterna Mortgage | Mar 27, 2020 | Financing
We at Alternative Mortgage realize that you have a lot of finance-related questions during the Corona Virus pandemic. We thought it would be a good idea to pass along some of these resources for you to utilize during this time of uncertainty. The US Small Business...
by Alterna Mortgage | Jan 5, 2020 | Financing, Interest rates, Refinancing
After dropping more than a full point from the end of October in 2018 to the end of October in 2019, mortgage rates barely changed during November and December. Several factors have affected rates over the past year, including economic data, Fed policy, and the trade...
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