From getting a lower rate to lowering your monthly payments to switching from an adjustable-rate to a fixed-rate mortgage, there are many reasons to consider refinancing your home mortgage loan. Whatever your reason is for refinancing your mortgage, we know it can be an overwhelming process. Here are 5 steps to follow to ensure a … Continue reading 5 Steps to a Successful Refinance


Have interest rates gone down from when you originally financed your home? Has your financial situation changed since you bought your home? Has your home value increased? Answering “yes” to any of these questions could mean it’s a good time to refinance your home. Switch to a Fixed Rate Loan Refinancing can be done for … Continue reading 3 Reasons to Refinance

FHA to Help Borrowers Keep Their Homes

Borrowers who have a high LTV (loan-to-value ratio) got some good news recently as the Federal Housing Finance Agency announced its intention to extend the Home Affordable Refinance Program (HARP) into 2017. In addition, the Agency introduced a new refinance program designed to take the place of HARP when it expires. The programs are for … Continue reading FHA to Help Borrowers Keep Their Homes

With mortgage interest rates near all-time record lows, many homeowners are considering refinancing. If you haven’t been, you should be. Here are a few quick tips: Check with your ALCOVA Loan Officer for the best rate. Most rate quotes are based on when your loan closes. Should you require a longer period of time in … Continue reading Thinking About Refinancing? Now’s the Time!

Adjustable rate mortgage

If you have an adjustable rate mortgage (ARM), chances are you were thinking of selling your home before the ARM adjusted. Take comfort in the fact that many people have done the same thing. If your plans have changed and you’ve decided not to sell, it’s important to understand what will happen to your ARM … Continue reading Time to Adjust Your ARM?


Maybe it’s just human nature, but as long as interest rates remained low, millions of Americans have opted not to refinance their mortgages — many of whom have higher rates. Experts estimate over 5 million borrowers could potentially qualify for and benefit from a loan refinance. With current rates hovering just below 4%, roughly 2.4 … Continue reading Homeowners and Their Money: A Strange Relationship