Refinancing your mortgage can be a powerful financial move, but it’s not always obvious when it’s the right time. If you’re considering whether to refinance, here are the top five reasons why it might be a smart choice for you: 1. Lower Your Interest Rate and Reduce Monthly Payments One of the most common reasons to…

If you are purchasing a home that is $500,000 or less, the minimum down payment is 5% or less. If your down payment in this price range is less than 20%, you will require mortgage default insurance. If you are purchasing a home that is over $500,000 but less than $1 Million, a down payment…