Mortgages have been the middle class' path to homeownership since its creation. Although it is better known that these long-term loans are risky since the subprime mortgage crisis beginning in 2008, they have been costing their holders a lot of money for a very long...
Refinancing
Why do homeowners refinance their homes in Augusta?
Many people lost their homes because they became upside down on their mortgages during the recession in 2008. Those who were fortunate enough to hold on to them were motivated by record-breaking low-interest rates to refinance their mortgages so that they'll owe less...
There are many reasons not to refinance your home
Ever since interest rates hit all-time lows during the years following the 2008 recession, they have been slowly increasing over the past few years. Before these rates get too high again, you may be tempted to refinance your home. While the idea of tapping into the...
Why is it beneficial to refinance my mortgage loan?
There are many reasons why you may wish to refinance your home loan. The interest rate that you may have originally locked in may be higher than what you can now get, or you may have an adjustable-rate instead of a fixed-rate one. You may be looking to reduce your...
Refinancing your mortgage can save you money
According to personal finance website MyFinance, as many as 2 million homeowners may have refinanced their homes last year here in the United States. The financial value of these deals came in just shy of $749 billion. An estimated 6.7 million homeowners are eligible,...