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— - 2 Read - 1 it's - 1 Lance Cothern - 1 I've - 1 we'd - 1 That's - 1 refinances - 1
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Search resuls for: "Lance Cothern"


2 mentions found


☆ Refinancing my mortgage will save me $50,000 in the long run, but I had to answer some unusual coronavirus-related questions to get the loan
  + stars: | 2020-05-07 | by ( Eric Rosenberg | Stephanie Hallett | Freelance Writer | ) www.businessinsider.com   time to read: +6 min
When the coronavirus hit, the Federal Reserve lowered interest rates to near zero, the lowest since the 2008 financial crisis. Lower interest rates flow into other parts of the economy, including mortgage interest rates. However, I was making slow but steady progress with my original mortgage loan on the home. Self-employment wasn't a big issueWhen I signed up for my old mortgage loan, I was just over one year into full-time self-employment. A few dozen signatures later, and our loan was locked in at our new mortgage refinance rate.
Persons: Read, —, it's, Lance Cothern, I've Organizations: Federal Reserve, Service, Corporation Locations: California
☆ Refinancing my mortgage for a lower rate wasn't exactly easy, but it was worth it — I'm going to save $42,000 over the life of the loan
  + stars: | 2020-04-01 | by ( Lance Cothern | Stephanie Hallett | Read More | ) www.businessinsider.com   time to read: +5 min
My wife and I started shopping to refinance our mortgage when fears about COVID-19 were driving mortgage rates lower, just before the Federal Reserve cut interest rates. On March 2, we looked at mortgage rates after seeing the impact COVID-19 had on the markets. The Federal Reserve cut rates but mortgage rates went upOn March 3, the Federal Reserve cut the federal funds rate by 0.5% at an emergency meeting. Rather than taking the lower rate, our loan officer allowed us to get an even larger credit and keep our 3.125% interest rate. To make things even sweeter, our mortgage rate is now 0.625% lower.
Persons: we'd, —, That's, refinances Organizations: Federal Reserve, Service, Federal Locations: Indiana
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