Have you been giving some thought to how you might be able to save money if you refinanced your mortgage? How do you decide if it’s really worth it? Here are 5 signs that you might want to sit down with a banker and explore refinancing seriously.

Purchasing a new home can be exciting…when you move in!

But before move-in day comes, logistics take the front seat. In order to even begin to look for your dream home, you need to know how much you can afford to pay. To begin this pre-approval process, you need to investigate different mortgage lending sources to see which one offers you the best deal. Here are four easy steps to take when searching for your mortgage.

If you’ve decided it’s time to move up to a bigger home or a home in a more coveted area, your next challenge will be getting there financially. It’s likely you’ll need more cash, a larger income and, perhaps, better credit than you had when you purchased your current home. Putting all the pieces in place for the move up could take some time and detailed planning.

If you’re shopping for a mortgage right now, chances are you’ve heard a lot of opinions about how much you should spend on a down payment. Many people think that the more you can spend on a down payment the better, but there are some factors at play that may dissuade you from making a large down payment. Keep reading to find out what it really means to make a small or large down payment on a home.

NATIONAL

Existing Homes

At the national level, NAR says current price growth rate is not sustainable. Home prices have increased 48% over the past 6 years, while wage rates have increased only 14%. Many fear this is leading to the bursting of another bubble.