Standard Mortgage Blog

Refinancing your mortgage can be a smart financial move, but the upfront costs often stop homeowners in their tracks. Appraisals, lender fees, title work, and escrow charges can add up quickly, even when refinancing is meant to save money. That’s where a no-closing-cost refinance loan comes in.

Before applying for a mortgage, it’s essential to take a proactive approach to managing your debt. One of the first things lenders evaluate is your debt-to-income (DTI) ratio, which measures how much of your monthly income goes toward debt payments. A high DTI can limit your loan options or prevent you from qualifying altogether.

Is your mortgage still working for you? A lot can change in twelve months: interest rates, your income, your goals, and even the value of your home. A quick annual mortgage review can provide you with a better picture of your financial health and identify opportunities to improve it.