Mortgages and Refinancing During the Coronavirus
As the coronavirus pandemic impacts the US, mortgage rates keep fluctuating, we’ll help you navigate this confusing time.
As the coronavirus pandemic impacts the US, mortgage rates keep fluctuating, we’ll help you navigate this confusing time.
How can I calculate my monthly mortgage payment?
Is now a good time to refinance my home?
What should I do if I’m having trouble paying my mortgage?
Can I close on a home loan electronically, or will I have to wait until banks reopen?
How can I check the value of my home?
What can I do to protect or increase my home value?
Did the government stimulus package provide any relief or aid to homeowners?
Use our home affordability calculator to estimate how much home you can afford based on where you live, your annual income, how much you have saved for a down payment, and more.
Use our mortgage calculator to estimate your monthly mortgage payment based on a number of factors including your principal and interest, down payment, loan term, homeowners insurance, property taxes, and HOA fees.
The best time to refinance your home is unique to every person based on their home loan and financial situation. There are many reasons borrowers may refinance: lower interest rates, improved credit, debt consolidation, or to decrease home equity to free up cash. Start by speaking with your mortgage lender to understand your options.
The best ways to protect your credit score are setting up automatic payments on bills, paying off high interest debt as quickly as possible, avoiding opening new credit cards, and keeping credit card debt low.
The situation is changing daily, so reach out to a lender for the most up to date data.
Contact your mortgage lender and talk to them about your situation. Many lenders will work with you during this time and may move your current payments to the back of your mortgage loan term.
Yes you can e-close in 11 states: Texas, Tennessee, Oklahoma, Ohio, North Dakota, Montana, Minnesota, Idaho, Florida, Washington D.C. and Kentucky. In other states you can still perform many parts of the closing transaction digitally.
If you’re curious about the value of your home, sign up for a free home report to receive your Redfin Estimate, the most accurate home estimate among leading automated home-value tools. All you have to do is enter your home address, then claim your home and sign up for a Redfin account if you don’t have one. It’s that simple.
Check out these top five home improvement projects that generate a good return on investment and appeal to potential homebuyers.
The $2 trillion economic stimulus bill passed in March 2020 provided several benefits for homeowners including delaying mortgage payments and halting foreclosures.