Mortgage Blog

The mortgage rate is the history low again, when you do
refi, please plan a little bit for the future.

When my clients have a small loan(<=417k), I will usually
ask how long do they plan to stay the current place?
When they do have a plan to upgrade in the future, do
they plan to keep the house or rent it out? I will recommend
different loan programs when the plans are different.
If they plan to upgrade and keep the current house,
do they have enough down payment, do they need to do
a cash-out instead of a rate & term?

Just think a little bit more will save you some money and time
in the future.