with Diana Olick, Emmy Winning Journalist, Author of CNBC’s Realty Check newspage
Diana, an expert on real estate, talks about where mortgage rates are headed in 2015 (likely higher!) and what strategies borrowers should use to get themselves a mortgage that best suits their property ownership timeframe. See why a 30-year mortgage isn’t always the best thing and how an adjustable rate mortgage or ARM may sometimes make more sense.
She tells us what borrowers need to do – from how to get their papers together to doing an apples-to-apples comparison on mortgage rates across lenders, and how to protect your credit score from dropping as lenders run credit checks on you. See why it doesn’t pay to clean up your finances just before you plan to buy a house, counter-intuitive as that may be.
Diana shares tips on comparing mortgage rates, points and upfront closing costs to know what deal is best for your specific situation and future home ownership plans. Finally, when does it make sense to refinance your mortgage?