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Home Purchase Loans National Mortgage Rates

30 Yr Fixed

4.25%

15 Yr Fixed

3.99%

5/1 ARM

3.75%

30 Yr Jumbo

4.35%

Home Equity

2.99%

Home Loan Refinancing
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Welcome to My Loan Expert Home Loans


Reducing your bills with a Debt Consolidation loan

Debt consolidation loans are a great way to reduce higher interest credit cards and debt payments into one convenient loan payment that is usually tax deductible. Typically mortgage interest on loans that do not exceed the value of your residence are tax deductible in most cases. So not only have you improved your monthly cash flow, but your taxable income can be reduced as well. What could be better?

Paying your home off faster!

What can you do with this new found cash flow? What could be better than accelerating the note that you just placed on your home by applying the cash flow back into your loan balance. If you can afford the payments you were making, consider getting a shorter term loan. Maybe you can reduce your term from a thirty year to a fifteen year loan or possibly a twenty year loan with the equivalent overall payments, including what you were paying on credit cards and other debt.

How Credit Card debt can sabotage your retirement

Believe it or not, credit card companies want to make your minimum payments just over the interest payments so that you won't pay them off for several years. If you perform an amortization on your credit cards using the minimum payments, you'll see that it may take well over thirty years to pay off those cards. Additionally, you won't get the benefit of tax deductibility. That's not smart when you are planning retirement.

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Education about current mortgage trends and money saving tips and articles complete the content of our site. Within MyLoanExpert.com you will find money saving ideas that may give you information regarding the latest news that may influence the decision you take on your next mortgage. We encourage you to click through our links page and see all articles and headlines, as you become more informed about recent money saving advice.

If you are considering a refinance mortgage in California, New York, Florida, Texas or any state within the US, you may find a mortgage quote from our network of lenders. A mortgage refinance quote is available for any one of a number of programs, whether that be a 30 year fixed mortgage 15 year fixed or a shorter term adjustable such as a 5/1, 3/1, or 10/1 Adjustable rate mortgage.

Mortgage Refinancing Information

Credit Score Factors for Mortgages

Credit Score Factors A credit score can be defined as a number that evaluates the possibility of a person to pay back a loan within a given period of time. When an individual is interested in borrowing money, the lender informs the credit bureau. The bureau comes up with a credit report which is aimed […]

Refinancing Terms

Refinancing Terms If you are in the market looking for refinancing options on your home mortgage, it is important to familiarize yourself with the terms commonly used. Poring over boring mortgage textbooks is not required. Here’s a look at the basic refinancing lingo to get you started. APR: Different lenders calculate the APR or the […]

Mortgage Refinance Tax Implication

Mortgage Refinance and Taxes When you own your home, you get large income tax deduction for mortgage interest. However, when you refinance your mortgage loan into a lower interest rate, you’ll pay less interest but more income tax. HAD vs. HED HAD stands for Home Acquisition Debt and HED stands for Home Equity Debt. HAD […]

Second Mortgage vs PMI

Second Mortgage to offset PMI Many homeowners find it difficult to find the funds for a 20 percent down payment on their homes. Without the down payment, it becomes mandatory for home buyers to go in for PMI (Private Mortgage Insurance). The PMI has to stay in effect until such time that the value of […]

Refinancing for Self Employed

Self-employed people and refinancing While in all other ways, America encourages entrepreneurs, borrowing is one area that most self-employed people face difficulties. Be it a conventional loan or a mortgage on the home, bankers have a problem offering money to the self-employed. This is because the self-employed often show less income than their counterparts in […]


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