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Does it make sense to Refinance? Consider the options, and know these 5 things.

Does it Make Sense to Refinance? 5 Things To Know

If you are thinking about refinancing, you probably have a good reason. Maybe  you are curious if you could save money by locking in a lower interest rate. Maybe you wonder if you could use some of the equity you have established in your home. Whatever your reason, here are 5 things to know before …

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house at dusk

Mortgage Applications Rise 4.1% According to Most Recent Data

The Mortgage Bankers Association reported a 4.1% increase in mortgage applications from the prior week. Steve Remington, Benchmark’s Chief Operations Officer, noted that the increase in applications could be a consumer response to the recent trend in the market, indicating a shift from the prolonged period of low interest rates. “Mortgage Bankers Association Data indicates …

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Purchasing or Refinancing with the HomeStyle Renovation Program

The HomeStyle Renovation Program is available to borrowers who are looking to make Renovations, Repairs, or Improvements to a home with a single loan, rather than with a second mortgage, or home equity line of credit. At Benchmark, we know how important it is to make a house your own. Your Benchmark loan originator can …

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EU Referendum Result graphic #Brexit

The EU Referendum, Brexit, and US Mortgage Rates

“The sudden stop in employment growth rules out any chance of a rate hike from the Fed at next week’s FOMC meeting, particularly now that the UK vote on whether to leave the European Union appears to be going down to the wire,” said Capital Economics Chief Economist Paul Ashworth.  (source: Housingwire.com) Britain’s exit from the …

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5 Reasons for a Mortgage Refinance Other Than Lowering Your Payment

Naturally, if you’re paying 6% for your mortgage and you can refinance at 5%, you’re gonna do it. Although cutting your monthly payment remains an important motive, there are at least five other reasons to consider a mortgage refinance, for long-term savings and convenience. 1. Change your mortgage term If you decrease the term of …

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