@Bankrate

We connect people to trusted ways to save, borrow and thrive. Bankrate, LLC NMLS # 1427381 BR Tech Services, Inc. NMLS # 1743443 https://nitter.cf/t.co/N3ermY4UKr

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Joined January 2010
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Homeowners who don’t lock in the lowest available rate overpay by an average of $3,343 a year. Real estate agents shared the 4 questions they wish more buyers asked before choosing a mortgage lender: bit.ly/4rzAvHd

4 Questions to Ask a Mortgage Lender, From Realtors | Bankrate

Real estate agents share the questions worth asking any mortgage lender — on rates, fees, closing speed and hidden agent ties.

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Sticking with the same bank could be costing you. Higher APYs, fewer fees, better digital tools and even welcome bonuses could make switching worth a look. Here are 5 signs it may be time to shop around. bit.ly/4yE5R1E

5 Reasons Switching Banks May Be Worth It | Bankrate

Most people stick with their bank for years and never consider the alternatives. Here’s a look at what all you could stand to gain by making the switch.

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Your real estate agent may have a go-to lender, but you can still shop around. We asked nine real estate agents what they want homebuyers to know about getting a mortgage, from comparing lenders to knowing what comfortably fits your budget. bit.ly/3V8GTJf

9 real estate agents' advice for getting a mortgage | Bankrate

Finding the right mortgage lender can save you money and time. I got the inside scoop from a few trusted homebuying sources — Realtors.

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Your savings should be earning more than pennies. High-yield accounts often pay far more than traditional savings — and that gap adds up over time. You don’t have to switch banks. Just move your savings to make your money work harder. bit.ly/3UJcgdp

How much Americans are losing by keeping money in low-yield accounts - Bankrate

Americans are leaving billions of dollars on the table by keeping their savings in traditional banks offering minimal interest — here's how much it's costing you and what to do about it.

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Baby boomers are sitting on a record $19.84 trillion in housing wealth. But how can they actually use it? From HELOCs and home equity loans to downsizing, there are several ways to tap that equity, each with different costs and risks. bit.ly/3nIXjVC

Home Equity Strategies For Older Homeowners | Bankrate

Older homeowners often don't take full advantage of home equity. Here are four ways to use equity in retirement.

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Homebuyers are leaving thousands on the table when they get a mortgage. New Bankrate research ranks America’s 10 largest metros by how much borrowers overpay each year. See where your city lands. bit.ly/4xrzmna

Homebuyers Overpaying Thousands on Mortgages in Top Metros - Bankrate

LA, Miami, NYC and D.C. are the worst large metros for mortgage overpayment, Bankrate’s research finds.

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Your bank knows you—but that doesn’t mean it has the best mortgage deal. Before saying yes, compare at least three offers and look beyond the interest rate to APR, closing costs and fees. Here’s how to weigh your options: bit.ly/4glzMnX

How to weigh your bank's mortgage offers like a pro | Bankrate

Big banks are dangling enticing mortgage deals. While they may make sense for some borrowers, you need to dive into the fine print.

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Older homeowners overpaid an average $2,358 on their mortgage refinance last year, about $52,108 over 30 years. We talked to 14 loan officers and industry insiders and reviewed nearly 800 CFPB complaints to find out why. bit.ly/4pYtG0X

The 'Seniority Tax': How Lenders Overcharge Older Refinancers - Bankrate

Bankrate watchdog report: Aggressive lenders push refinancing on older Americans, resulting in thousands of extra dollars in fees and interest.

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3 homeowners, 6 refinances: here's what actually made it worth it. One cut her rate by .75 points and saved $500 a month. Another kept a sub-2% rate without refinancing at all. Their full playbook: bit.ly/4hcSWyq

Mortgage refinancing: 4 lessons from 3 real homeowners | Bankrate

Three homeowners share hard-earned lessons on refinancing timing, no-closing-cost loans and resetting your loan term to help you refinance smarter.

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Putting less than 20% down on a home? You're probably paying PMI, insurance that protects your lender, not you. On a $500K home, that's up to $456 extra a month. Here's how to shrink it or skip it: bit.ly/4yTlyDe

When You Can Cancel PMI (and What It Costs) | Bankrate

Private mortgage insurance (PMI) is an added expense for borrowers, required if you buy or refinance a home with a down payment under 20%.

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Mortgage rates never dipped back to 3%. These homeowners refinanced anyway, some to lower their payment, one just to keep up with rising costs. Here's the exact math that convinced each of them it was still worth it: bit.ly/4pHgWMl

How 3 homeowners did the refinance math | Bankrate

You can't count on your lender to crunch the refinance numbers for you. But these three homeowners decided it was worth it.

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A no-closing-cost refinance skips the upfront fee, but you still pay it back through a bigger loan balance or a higher rate. Here's how it works and how to know if it's worth it for you. bit.ly/4b7gelv

Why No-Closing-Cost Refinancing Isn't Free | Bankrate

With a no-closing-cost refinance, you don’t have to pay closing costs upfront. But it could be more expensive long term.

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A $6,000 repair bill left this first-time homeowner feeling house poor. Her fix: a 2020 refinance that lowered her rate and shortened her loan term without raising her payment. bit.ly/4wGS7lN

Homebuying in America: A refinance helped her regain control | Bankrate

Crystin Liboma's savings were drained by unexpected costs after buying her first home. Here's how a refi helped her financially.

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Not shopping around for your mortgage rate could cost you more than $78,000 over the life of the loan. We call it the "hidden homeownership tax" — recently featured in @WSJ. Compare today's rates: bit.ly/4vkvIcT
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Three families gave up 3% mortgage rates for ones above 6%. None of them regret it. New jobs, new schools, a military PCS. Life doesn't wait for the market. Here's why the trade-off was worth it: bit.ly/4vUkCN2

3 families who don't regret buying at today's mortgage rates | Bankrate

New jobs, new babies and school districts don't wait for the market. Here's why three homebuyers gave up their low rates to move.

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Mortgage rates have been stuck at 6–8% since 2022. Still, 56% of recent buyers are betting on a refi to make their payment work. Here's what could go wrong: bit.ly/4aGi9NH

‘Buy now, refinance later,’ they said. Mortgage rates said otherwise. - Bankrate

"Marry the house, date the rate," seemed sage advice. But mortgage rates never fell, sticking some borrowers with home loans they don't love.

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New Bankrate data: mortgage rate gaps across 350+ metros. Victoria, TX has the widest spread in the U.S. LA buyers overpay by $149K+ over the life of a loan. See where your metro ranks: bit.ly/4pgNH2I
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The financial system wasn't built for the people navigating it. Bankrate is. We're not a bank. Founded by a journalist more than 40 years ago as the consumer advocate platform helping people make better financial decisions. Now, our brand finally shows it.
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Read more: businesswire.com/news/home/2…

Bankrate Reimagines Its Brand for the Next Generation of Consumer Advocacy

Bankrate rebrand press release

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Your mortgage lender isn't legally required to act in your best interest, and we talked to 15 insiders to find out what that actually costs you. bit.ly/3RiQCex

Mortgage loan professionals are paid to close — not to get you the best rate - Bankrate

In a typical homebuying process, you’ll work with a pleasant and helpful mortgage loan professional. But you should know they might not have any obligation to make sure you get the lowest rate or...

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