Standard Mortgage Blog

When you bought your home, you probably had a lot of questions about the mortgage process and financing your home. Now that it’s been a few years, you likely haven’t given it a lot of thought. However, the lower interest rates fall, the more you may want to consider refinancing your mortgage. A mortgage refinance is the process of taking out a new loan to pay off your original mortgage.  

If you have a fixed-rate mortgage, you can rest assured that you will have steady monthly payments (comprised of principal and interest) throughout the life of your loan. However, as market and economic factors change, the opportunity to improve your mortgage rate or shorten your term may present itself. If the rate that you locked in at closing is higher than current market rates, you may want..

Legends, myths, old wives’ tales; whether you’re talking about Big Foot, the Loch Ness Monster, or how long you should wait to swim after eating, understanding what’s true and what isn’t can save you a lot of time, and more importantly money. When it comes to your home, time and money are two significant things. This is why distinguishing facts from myths about the process of a cash-out refinance..