Mortgage Grader

Aug
28
2020

How many refinances are you allowed during a pandemic?
There’s no limit on mortgage refi's, but long-term savings need to be greater than up-front costs. Paul and Laura DePerry shaved $260 off the mortgage payment for their Rancho Santa Margarita home when they refinanced last March. Their interest rate dropped to 3.63% from 4.25%...

Aug
26
2020

Tips For Talking to Your Kids About Finances
With talk of stimulus checks and the economy, your child may be curious about what the future holds for their finances. Teaching healthy money habits can be challenging, but it's one of the most important lessons you can share. And you don't need to be an expert to give them a solid...

Aug
21
2020

Coming soon to your refi: A half-point fee that could add $2,500 or more to costs
Is an avalanche of home loan defaults coming or is ½ point fee a money grab? Chutzpah! Shock! Disbelief! Last week came announcements from mortgage giants Fannie Mae and Freddie Mac that an “adverse market fee” of one-half point will be added to all refinance...

Aug
19
2020

How Pre-Approval Makes Home Buying in 2020 Easier
These days, everyone is searching for a little more certainty, especially when shopping for a home. If this sounds like you, know that there is an immediate and comforting way to purchase a home in 2020. It's by getting pre-approved for a home loan. Here are the top ways that a pre-approval...

Aug
14
2020

Will home values tank post pandemic?
Inflation, deflation, stagflation and disinflation are in play, according to experts. Is your home’s value headed down a slippery slope? Or, will your home value balloon, making that asset worth more than you could have hoped? Or, maybe stay at a standstill? I asked...

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