by Alterna Mortgage | Jan 28, 2021 | Credit, Financing, Interest rates, Real Estate, Refinancing
As we said before, those Christmas credit card bills are starting to roll in. As a result of Christmas 2020, you may find that you have a sizable amount of high-interest credit card or personal loan debt. A cash-out refinance can improve your cash flow situation and...
by Alterna Mortgage | Jan 19, 2021 | Financing, Interest rates, Refinancing
It’s that time of year again. The holiday credit card bills are starting to arrive in the mail. Not only that, most people start the new year with a desire to improve their financial situations. With rates at an all-time low, a Cash-Out Refinance may be their way out....
by Alterna Mortgage | Dec 8, 2020 | Financing, Housing Market, Interest rates, Refinancing
There are a lot of numbers involved with purchasing or refinancing a home. Sometimes it is easier to understand the numbers when we can visualize them. Alterna Mortgage has a few interactive visual charts on our website to make the overall picture of recent (and...
by Alterna Mortgage | Dec 3, 2020 | Financing, Housing Market, Mortgage Programs, Real Estate
The Federal Housing Finance Agency recently announced a new baseline conforming loan limit for Fannie Mae and Freddie Mac in 2021: $548,250. This means that you can now borrow an additional $38,150. This can get you a house with more square footage, more land, better...
by Alterna Mortgage | Oct 5, 2020 | Financing, Interest rates, Refinancing
Last week’s economic data was pretty much what we expected. President Trump’s positive coronavirus test was a little positive for mortgage markets but negative for stocks. Mortgage rates ended the week with very little change. Friday’s monthly labor...
by Alterna Mortgage | Sep 28, 2020 | Financing, Interest rates, Real Estate, Refinancing
Buying a house is likely one of the most important decisions you have ever made. If you still love your home, but not your mortgage rate, you might want to consider refinancing now while interest rates are so low. Refinancing gives you the opportunity to exchange your...
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