Pros and Cons of an Adjustable Rate Mortgage

Pros and Cons of an Adjustable Rate Mortgage

An adjustable-rate mortgage, also referred to as an ARM, is a home loan with a fixed rate for the first few years that switches over to an adjustable rate. The beginning fixed-rate period can be anywhere from the first three to ten years of the loan. This differs from...
7 Common Mistakes to Refinancing

7 Common Mistakes to Refinancing

There are many reasons why we consider refinancing our mortgage loan, the main reason, of course, is the possibility of saving money on our monthly home payment. Before you actually refinance read through these common refinance mistakes to make sure refinancing is...