Mortgage Matt's Blog

Mortgage Rates Are Falling — Should You Refinance?

June has been an exciting month for home buyers and homeowners. The average rate on a 30-year mortgage has dropped from 4.23% on May 21 to 3.94% as of June 17; that comes out to a savings of around $270 per year for those homeowners interested in refinancing their...

Want To Own A Home By 30? Here’s How Much You Need To Save

Born between the mid-1990s and early 2000s, many Americans born into Generation Z have officially hit their early 20s. And if they want to be able to afford a house by the age of 30, they need to start saving now. According to recent data from, Generation...

3 Myths About Mortgage Refinancing, Busted

Refinancing your mortgage is a scary prospect. After all, you most likely already spent thousands of dollars paying off the mortgage loans you have now. But sometimes, conventional mortgage refinancing is the best way to reduce your home loan rate of interest and save money.

Why Should I Refinance My Mortgage?

Refinancing your home is an option many people tend to overlook. This might be because they think conventional refinancing won’t help their financial situation, or they simply give up because they’re overwhelmed by the financial mumbo-jumbo associated with refinancing in the first place.

Defining Your Mortgage Loan: A Glossary Of Common Terms

With all of the various rules and stipulations, the mortgage industry can be very confusing for many homeowners, especially first-time homeowners. According to data from Sept. 2016, 59% of homeowners wish that they had a better understanding of their...

3 Types Of Homebuyers Who Can Benefit From FHA Loans

Financing a home seems like a daunting task for many, but FHA loans make the dream of owning a home feasible for people across the United States. The Federal Housing Administration (FHA) was created in 1934 to increase homeownership in America, and that is exactly what the loans today do.

Cutting Costs: The Dos And Don’ts Of Refinancing Your Home Loan

Homeowners often take the opportunity to refinance their mortgage when they find lowered interest rates or have improved credit scores. According to data from 2016, household income has grown by 28% in the past 13 years, but in that time the cost of living has gone up...

The Relationship Between Mortgage Loans And Credit Scores

Mortgage lenders want to be sure that the loans they give out will be paid back in a timely fashion, and one of the surest ways for them to measure that is by checking credit scores. One of the most important things you can do to expedite and simplify the home buying...

3 Questions to Ask Your Mortgage Lender

Not surprisingly, 59% of homeowners wish they had a better grasp on the terms and details of their mortgage, according to data collected in September of 2016. While it’s important to ask questions about mortgage loans during the meeting with your lender, it’s more important to ask the right questions.

Simple Ways to Start Investing in Real Estate

  The world is full of opportunities to make money and dip your toes in various investments. Some people are intimidated by the idea of investing and the underlying risks involved. Others are willing to take the chance in hopes of matching their risk with reward. One...

The Top 6 Benefits of Owning Your Own Home

The American Dream is inseparable from home ownership. Putting down roots and owning your own piece of America is the ultimate goal of many Americans. But as a first-time home buyer, buying a house can be intimidating. How do you know if you’re making the right choice?

3 Tips for Refinancing as Mortgage Rates Rise

In the current economic climate, many people are weighing the pros and cons of refinancing their homes. Refinancing is a popular way to balance finances and reduce mortgage rates. Of course, refinancing is by no means a simple process, and keeping some straightforward...

What Does the New Tax Plan Mean for Homeowners?

With the recent passage of the tax reform legislation known as the Tax Cuts and Jobs Act, many Americans are curious as to how they might be affected. While the new tax code has major implications for many people with a home mortgage, others may notice no difference whatsoever.

4 Considerations to Make Before Applying for a Home Loan

Making the decision to purchase a home is a very important step in anyone’s life. So before you begin shopping around for mortgages, it’s important to do some research and figure out exactly what type of home loan will be best for you. So if you’re looking to apply for a home loan in Redding, make sure you consider the financial factors discussed in this article.

Refinancing: What It Is, Some of the Benefits, and a Few of the Basic Fees

Refinancing your home can be a great option for many reasons, and there are several types of refinancing available to you to do so. Although, refinancing can be a complex process that can hold high risks and multiple variables. If you choose to refinance, you should consult with a lender thoroughly. If you’re generally curious about refinancing, you can continue to read below.

Prepping to Buy a Home: What to Have Handled Before Homeownership

Buying your first home will be one of the most intimidating purchases you’ll make. While the purchase itself is a large sum to handle, the intricate details of the home buying process don’t make it any easier. Between home loans, mortgages, refinancing, and the attached variability these things carry, home ownership can seem like more of a hassle than it’s worth.