ExpertRealEstateTips asked: With the real estate market in decline, mortgage lenders are stricter about requirements for loans. Do you need a bigger down payment, a better credit score, or more solid work history? How has qualifying changed and what do you need to know in order to qualify for a mortgage loan in today’s tough [...]
Morgan Hamilton asked: It can actually be quite challenging to know when the time is right to refinance mortgage loans. It is a timing thing more than anything else. Get it right and you lock in very favorable interest rates which will save you thousands of dollars over the life of the loan. Get it [...]
Cindy Steele asked: Deciding whether or not it is time to refinance mortgage loans is always a bit of a gamble. Of course, the optimum time to refinance is when the interest rate is at its lowest. But, there is no way to know that for sure and it is always a bit of a [...]