Sandy John

Cumming

Writer at Freelance

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Articles

How to get the best mortgage rate: 11 tips to help you save money

Sep 25, 2024 | cnn.com | Sandy John |Katie Lowery

Money Mortgages By Sandy John Katie Lowery Andrew Pentis, CNN Underscored Money Updated 4:34 AM EDT, Thu September 26, 2024 Link Copied! Hispanolistic/iStockphoto When mortgage interest rates are high, it’s easy to assume you only have two options: wait until rates drop or grudgingly accept the rate your lender gives you. Although rates are on the downswing, thanks in part to the Federal Reserve’s Sept. 18 decision to cut the federal funds rate, they’re still several percentage points higher...
10-year refinance rates: What to know about the current market

Sep 18, 2024 | cnn.com | Sandy John |Katie Lowery

Money Mortgages / Refinance By Sandy John Andrew Pentis Katie Lowery, CNN Underscored Money Updated 2:47 PM EDT, Wed September 18, 2024 Link Copied! FG Trade Latin/iStockphoto If you have a 30-year home loan, refinancing to a 10-year mortgage allows you to pay off your loan decades earlier and score a lower interest rate. But these savings come at the expense of a considerably higher monthly payment, making it easy to outrun your budget. Here’s a look at today’s 10-year refinance rates:...
30-year mortgage refinance rates: Where they’re heading and how to nab the lowest possible APR

Sep 18, 2024 | cnn.com | Sandy John |Katie Lowery

Money Mortgages / Refinance By Sandy John Andrew Pentis Katie Lowery, CNN Underscored Money Updated 3:20 PM EDT, Wed September 18, 2024 Link Copied! Luke Chan/iStockphoto If you take out a mortgage when interest rates are high, you might consider a mortgage refinance when rates go back down. Either because of the lower rate or by extending your term, a 30-year mortgage refinance can lower your monthly dues. While paying less each month on your mortgage sounds attractive, remember that the...
What is an assumable mortgage, and how does it work?

Jul 30, 2024 | cnn.com | Sandy John |Katie Lowery

Money Mortgages By Sandy John Katie Lowery Andrew Pentis, CNN Underscored Money Updated 10:56 AM EDT, Wed July 31, 2024 Link Copied! gorodenkoff/iStockphoto An assumable mortgage allows a homebuyer to take over an existing (typically government-backed) home loan from a seller, assuming the established interest rate, remaining loan term and principal balance. Think of it like a relay race — the seller passes you the mortgage baton, and you carry the loan toward the finish line. When mortgage...
Follow These 10 Steps to (Still!) Get a Mortgage ... Even With Bad Credit

Jul 23, 2024 | homelight.com | Sandy John

If you’re thinking about buying a house, you probably know that having a good credit score gives you a leg up in the process. A healthy credit score can help you get approved for a loan and even result in a better mortgage interest rate. If your credit score is low, you might think that getting a mortgage will be impossible. But, if you’re willing to put some work in, you can buy a house with bad credit.
Is a no-closing-cost mortgage really cheaper?

Apr 24, 2024 | cnn.com | Sandy John |Katie Lowery

Money Mortgages By Sandy John Katie Lowery Andrew Pentis, CNN Underscored Money Published 2:00 AM EDT, Thu April 25, 2024 Vladimir Vladimirov/iStockphoto Closing costs are a significant expense you’ll incur when buying (or refinancing) a home, typically totaling 2% to 6% of the mortgage amount — so the idea of a no-closing-cost mortgage is appealing. But nothing in life is truly free, and a no-closing-cost loan doesn’t mean those fees are being erased. Instead, your lender will either roll...
15-year vs. 30-year mortgage: Which is best for you?

Apr 9, 2024 | cnn.com | Sandy John |Katie Lowery

Money Mortgages By Sandy John Andrew Pentis Katie Lowery, CNN Underscored Money Published 7:13 PM EDT, Tue April 9, 2024 Link Copied! coldsnowstorm/iStockphoto If you’re shopping for a home, it’s important to consider the pros and cons of a 15-year versus a 30-year mortgage. A 30-year home loan offers more affordable monthly payments, but a 15-year loan could substantially reduce the interest you pay overall. There are other important considerations. With spread-out payments, a 30-year term...
Beat airlines at their own game: How to use credit cards to avoid baggage fees

Mar 18, 2024 | nypost.com | Sandy John

Shutterstock Content provided by Bankrate.com. New York Post and its content partners earn compensation from the affiliate companies that appear below. This content does not include all available financial offers, and compensation may impact how and where links appear in the content.
These 7 student credit cards won’t put you in detention

Mar 11, 2024 | nypost.com | Sandy John

Shutterstock Content provided by Bankrate.com. New York Post and its content partners earn compensation from the affiliate companies that appear below. This content does not include all available financial offers, and compensation may impact how and where links appear in the content. You’ve got classes and exams to worry about. Who needs money worries, too?
Mortgage closing costs: How much you’ll pay (and when)

Feb 28, 2024 | cnn.com | Sandy John |Katie Lowery

Money Mortgages By Sandy John Katie Lowery Andrew Pentis, CNN Underscored Money Published 12:00 PM EDT, Thu February 29, 2024 Link Copied! MaslovMax/iStockphoto The national average closing cost ranges between 2% and 6% of your loan amount in upfront closing costs but varies by state and lender. On a $400,000 mortgage, for example, your expense to close the loan could run $8,000 to $24,000. Your closing disclosure will break down individual fees and their amounts, but you’ll likely pay...