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 11, 2020 | Credit, Refinancing
With everything that’s been going on lately, interest rates have dropped dramatically. For some homeowners it is the perfect time to refinance their home mortgage. Does refinancing make sense for you and your family? There are two critical things to educate...
by Alterna Mortgage | Mar 31, 2020 | COVID-19, Real Estate, Refinancing
The COVID-19 pandemic has forced many companies within the real estate and mortgage industries to adjust their business practices. Here are a few highlights: Remote Online Notarization The Oregon Association of Realtors (OAR) is advocating for and participating in the...
by Alterna Mortgage | Jan 29, 2020 | Housing Market, Refinancing
Refinancing your home might be something you are considering. After all, interest rates are generally low right now and you may be able to swap out your old, higher interest rate mortgage for a new one with lower rates. But will that put you in a better financial...
by Alterna Mortgage | Jan 14, 2020 | Refinancing
Is it the right time to refinance? Some homeowners who try to time the market in order to get the best rate can end up saving a lot of money. However, many of them end up kicking themselves for years to come because they missed the boat. Conventional wisdom says rates...
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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