How Much Does It Cost to Refinance?

January 7, 2021 Penny Matthews 0

For millions of American homeowners, their mortgage payment is one of their greatest financial commitments. With mortgage rates hitting record lows this year, it’s no wonder that people are interested in the possibility of refinancing their homes. Instead of only…

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The 5 Best Financial New Year’s Resolutions

January 7, 2021 Penny Matthews 0

Change has to start somewhere, and for many people that change is easier to make if the starting point has some meaning. It can be a birthday, an anniversary, or any other date with some symbolic weight. Most commonly, people…

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What Are the Best Car Loans When You Have Bad Credit?

January 7, 2021 Penny Matthews 0

If you have bad credit and need a car loan, there are some challenges when compared to obtaining a standard car loan. However, pick your head up because there are a handful of great lenders that specifically tailor their programs to people with bad credit. We researched the landscape of lenders that can help you […]

The post What Are the Best Car Loans When You Have Bad Credit? appeared first on Good Financial Cents®.

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Mortgage Rates vs. Fed Announcements

January 7, 2021 Penny Matthews 0

File this one under “no correlation,” despite a flood of news articles claiming the Fed’s rate cut directly impacts mortgage rates. Today, the Fed cut the federal funds rate by half a percentage point to a range of 1-1.25% due to the uncertainty surrounding the coronavirus, this despite a strong U.S. economy. That sent mortgage [&hellip

The post Mortgage Rates vs. Fed Announcements first appeared on The Truth About Mortgage.

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Fannie Mae and Freddie Mac Mortgage Refinances Just Got More Expensive

January 7, 2021 Penny Matthews 0

Way to rain on our parade, Fannie Mae and Freddie Mac. Just when mortgage rates were hitting record lows, the pair decided to add a new fee to mortgage refinances in light of the ongoing pandemic. Simply put, they expect more losses related to a higher rate of loan defaults, and are adjusting their pricing [&hellip

The post Fannie Mae and Freddie Mac Mortgage Refinances Just Got More Expensive first appeared on The Truth About Mortgage.