Category Archives: Interest Rates

Is a Reverse Mortgage Right for You?

Reverse mortgages are a great way for senior homeowners to generate a steady flow of income, or receive an immediate lump sum for expenses, if you qualify and determine this is the right option for you. A reverse mortgage works … Continue reading

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Tips For Refinancing Your Mortgage.

Refinancing your mortgage creates a great opportunity to lower your interest rate, but don’t forget these other tips when refinancing. Change your mortgage length If you’ve recently come into a different financial situation, consider switching the length of your mortgage. … Continue reading

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Use the Rent vs. Buy Calculator

The question of should I rent or buy a home has been around forever. With rent prices rising, now is the perfect time to reconsider your housing options and figure out if owning is cheaper than renting. The first thing … Continue reading

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Get Your Finances In Order.

One of the smartest things you can do before buying a home is getting yourself pre-qualified. By getting pre-qualified, you’ll get an idea of what your mortgage might cost, ahead of time. This can help you prepare your budget, set … Continue reading

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Which Loan Is Right For Me?

It’s important to select the right type of mortgage for your financial situation, but understanding your options can be difficult. Your Mel Foster Co. agent  <link to find an agent> is your resource for proving information so you are able … Continue reading

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