Refinancing Your Home: The Pros and Cons
Interest rates are at a historic low and buyers are taking advantage. It’s also the perfect time to refinance! Can’t decide whether or not you should refinance? Take a look at the pros and cons: Pros: Lower Monthly Payment or Loan Term Those who are refinancing now are cutting their monthly mortgage payments by hundreds…
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Get Fixed Rate Financing for Your Condo
Financing for a condo is different than financing for a single family home or a zero lot line. For example, some lenders will only offer an adjustable rate mortgage if you’re purchasing a condominium – which could cost you more in the long run! Discover why RMN believes in offering fixed rate mortgage for condo…
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Financing a Condo with RMN
Financing for a condo is different than financing for a single family home or a zero lot line. For example, some lenders will only offer an adjustable rate mortgage if you’re purchasing a condominium – which could cost you more in the long run! Discover why RMN believes in offering fixed rate mortgage for condo purchases. Fixed…
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Showers Bring May Flowers AND Spring Home Buying Fever – Are You Pre-Approved Yet?
Why is a pre-approval so important? In this market, homes are selling almost as fast as they are going on the market. If you don’t have a pre-approval when you look at a property, it might be too late by the time you make an offer. Having a pre-approval letter to present with the offer from a reputable…
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Inspections: Why They’re a Good Idea and How They Differ From Appraisals
Your Realtor might encourage you to do a home inspection, and we do, too! What is a home inspection, though? Doesn’t the lender already require an appraisal? Yes, the lender does require an appraisal, but an appraisal is not the same thing as a home inspection. An appraisal is ordered to protect the lender by confirming…
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The Truth Behind Interest Rates
Many borrowers choose to select their lender based solely on the interest rate that is advertised or offered to them. However, it is critical for any borrower to understand there are more factors to consider than the rate that is presented. Avoid being misled by dishonest lenders by knowing which information to keep in mind…
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What’s an Appraisal, Anyway?
A home appraisal is a report completed by a third-party licensed appraiser that provides an opinion of value for a property. The purpose of the appraisal is to determine that the price you agreed to pay for the home is supported and to make sure the home is habitable in its current state. The appraisal is…
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