Blog - Page 213 of 338 - Critter Skimmer

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Home Mortgage TipsHome Mortgage Tips, Mortgage Refinancing, Mortgages

A Step-by-Step Guide to Refinancing a Traditional Mortgage to a FHA Mortgage

Refinancing a mortgage can provide a homeowner with many benefits, and many are interested in refinancing their traditional mortgage into an FHA mortgage to take advantage of low interest rates. Depending on the specific circumstances, this step may lower the monthly payment, reduce interest charges, adjust the loan term so that it is more beneficial for achieving financial goals and more. Those who are interested in refinancing in an FHA mortgage may consider these steps. Understand the Rules and Requirements There are specific rules in place regarding refinancing under the FHA program. For example, the loan amount may be up…

Remodeling 101: How to Create a Proper Budget for Any Renovation, Large or Small

Whether you're readying to put your home on the market or you haven't updated your space in a while and want to modernize, approaching renovations can be a struggle. With so many things to fix up, both large and small, it can seem overwhelming to prioritize, set the money aside and get to work. If you're having trouble figuring out where to begin with budget, here are some tips for how to properly prioritize so you can maximize your renovation expenditures. Determine What Is Most Important Whether it's the tile floor in your bathroom or the outdated kitchen sink, if…

Refinancing Tips: 5 Questions to Ask Your Lender to Ensure You’ve Done Your Homework

If you're looking to refinance your home, you're likely going to benefit from lower mortgage payments. But lower mortgage payments aren't the whole story with a refinance. A refinance plan may change several key terms of your mortgage agreement – which may work for or against you. Before you refinance, you'll want to ask your lender these five key questions – it'll help you ensure you're getting a deal you can afford. How Long Does It Take To Close? Closing a refinance isn't always straightforward, and in some cases it can take some time before your refinance is approved. For…