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Over the past couple of years, interest rates on home loans have been historically low and you may have heard a lot of talk about how it was a great time to refinance your home. In today’s market, with interest rates rising, you may hear less about refinancing now and more about buying now and refinance later. If you are wondering, what does it mean to refinance and how will it help me later, we are here to help! 

What is refinancing?

Simply put, refinancing is changing your current loan terms. Common goals for refinancing are to lower one's fixed interest rate to reduce your monthly mortgage payments, change the duration of the loan, switch the type of loan you have, or cash out on your home equity. Many people recently refinanced their…

Mortgage rates have been on the rise since around August of last year.

Rates, which on a 30-year fixed mortgage were at an all-time low of around 3.25% last year, are now not expected to go lower than the 4% mark anytime soon. This seemingly small hike can add hundreds, sometimes thousands, of dollars to a home buyer’s yearly payments. 

For example, for a $200,000 house at the rate of 3.25%, your monthly mortgage payment would be $870.41. For the same house at the current rate of 4.25%, the monthly payment would be $983.88. Over the course of a 30-year loan, that extra bit a month adds up to $40,000.

"Experts in the field expect that mortgage rates will remain at this plateau for now or will rise in the near future," says Christina Lane, senior mortgage…

So you’ve finally put your house on the market…and it’s not selling. What’s going wrong? There is usually an easy answer to that question and most likely it’s one of the four things listed below.

1. Price

Of course you feel your home is worth the moon and the stars—it’s your home, and it’s sentimental for you. However, the number you have in your head might not actually match your home’s true value. A good realtor will look into all the comps for an area and guide you to the perfect price for your home. But if you come up with a price and aren’t willing to allow that experienced realtor to help, chances are your home is going to stay put. Today’s buyers are savvy and can sense when a home is priced too high for what it is or the area it’s in.…

It’s a big decision to sell your home. And if you’re putting a home on the market for the first time, no doubt you will have a lot of questions about the process.

We’ve compiled a list of our most frequently asked questions from sellers so you can know everything there is to know about selling your home! 

1. How much is my house worth? 

While the median house price in 2016 is around $228,000, the exact price of your own home will depend on its size, neighborhood and lots of other factors. Trying to price a home yourself is why many For Sale By Owner properties never sell. In that same tune, you can’t get an accurate estimate of your home’s value online. An automated system will not have the same information as an experienced local realtor who…