Refinancing Our House- Journey Completed

Like clockwork, about 45 days after our refinancing journey started, this morning it ended. We’ve officially and successfully purchased our house for the third time. You see, we bought it in 2004, refinanced in 2005 to a lower rate and refinanced again to an even lower rate and a 15-year mortgage today. The message? We must REALLY like this place. All in all, the process was pretty painless and easy. First, we had plenty of

Financing Closing Costs

One of the most rewarding aspects of being a Realtor is being able to call a client and say, “Congratulations, your offer has been accepted – you got the house!” Amy made one of those calls just last night and, even though I was sitting a good four feet away from the phone, I could practically feel the buyer’s excitement. I couldn’t make out the words, but their volume and pitch increased significantly as they

Closing Cost Considerations

No one really likes surprises. Particularly when they come up shortly before a scheduled closing. As a buyer, your mortgage banker will provide you with a Good Faith Estimate after you’ve submitted your mortgage application. The GFE will help you understand approximately how much money you’ll need to bring to the closing. The mortgage brokers my clients tend to use have typically been very accurate with their GFEs, which is a happy occassion for my