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 | Nov 19, 2020 | Housing Market, Interest rates, Refinancing
Mortgage rates fell to another record low last week. This marks the 13th time this year alone. According to Freddie Mac, the average interest rate on a 30-year fixed-rate mortgage dropped to the lowest level in the nearly 50 years of the mortgage giant’s survey....
by Alterna Mortgage | Nov 11, 2020 | Interest rates, Mortgage Programs, Refinancing
During the recent election uncertainty, mortgage markets have been relatively steady. This is likely a result of investors expecting government control to be divided between the Democrats and the Republicans. For mortgage markets, a divided government typically is...
by Alterna Mortgage | Oct 30, 2020 | Interest rates, Mortgage Programs, Refinancing
One of the few good things we can all point to in 2020 is that this year’s lowest mortgage rates have provided homeowners incredible savings through refinances. If you own a home and have a 30-year mortgage that could benefit from a refinance, your first thought...
by Alterna Mortgage | Oct 23, 2020 | Refinancing
Rates are at or near an all-time low…so refinancing your loan might be a great move. One of the important steps of refinancing is to determine how much equity you have in your current home. Home equity is the value of your ownership stake in your home. It is...
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