Buying a home in foreclosure can be a great way to get a home under market value, but the process is not as easy as a traditional home sale and there are some pitfalls you should be aware of. Here’s what you need to know. Continue reading “What You Should Know When Buying a Foreclosure”
Mortgage rates are low right now, and you may be inspired to refinance to get that lower rate, get a lower monthly payment, or even take some cash out of your equity. If you do decide to refinance your home, your lender will most likely require an appraisal to determine the value of your home and decide what your loan amount and new monthly payment will be. Continue reading “Understanding Appraisals When Refinancing”
Depending on what type of loan you get, the current mortgage rates are between 2.5% and 3.5%, according to Bankrate. With interest rates this low, now may be the time to refinance your mortgage to get cash out and pay off debts or make some home improvements — or simply lower your monthly payment. Here are some things to consider when deciding whether refinancing is the right move for you.Continue reading “Refinancing Your Mortgage in 2020”
At the time of writing this article, we have been seeing quite a bit of investment activity around D.C., Maryland and Virginia. One of the more noticeable investments we are seeing are 1031 Exchanges. If you own an investment or rental property, you may already know about 1031 exchanges. But if you don’t, you’ll want to keep reading to find out what a 1031 exchange is and how this powerful method could benefit you.Continue reading “1031 Exchanges”
Interest rates are at a historic low, resulting in many homeowners refinancing their homes. If you currently have a mortgage, you are locked into your interest rate for the term of that mortgage. If you want to take advantage of the lower interest rates, you’ll have to refinance. Refinancing replaces your existing mortgage with a new one.Continue reading “Refinancing Your Home”
Millennials make up 45% of current mortgages and they’re the primary home buyers right now. At the same time, there is a short supply of starter homes that are affordable for first-time homebuyers. If you fall in this category, there are programs at both the national and state level that can help get you into your first home.Continue reading “Affording a First Home in 2020”
The 2019 real estate market was marked by low mortgage rates, resulting in a refinancing boom and low inventory of affordable start-up homes. It’s looking like 2020 will bring more of the same, plus some new trends.Continue reading “2020 Mortgage Trends”
One of the services we offer at Ratified Title is refinancing settlements. People will often refinance their homes to save money on their monthly payments by reducing their interest rates. When it comes time to adjust your mortgage rates, a refinancing settlement can be stressful if it isn’t handled properly. That’s why we maintain the highest standards of accuracy to make sure your refinancing settlement goes off without a hitch.