Continue reading With Mortgage Rates So Low, Is Now a Good Time to Refinance?
There’s no doubt mortgage rates are at an all-time low, and many people are using these low rates to refinance their homes. In the first half of 2021, borrowers saved over $2,800 annually in mortgage payments by refinancing, according to research by Freddie Mac. There are many reasons to refinance your home loan; continue reading to find out if refinancing may be the right option for you.
 

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Continue reading Would You Like To Be Debt-Free In 7 Years?
What would you do if you didn't have a house payment? Save more for retirement? Increase your savings or emergency fund? Pay for your children's college? If this sounds alluring, then consider refinancing your home to a 7-year mortgage.

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Continue reading 7 Common Uses for Your Home Equity Line of Credit

Homeowners who have equity in their home can use it as revolving credit and borrow against it when they use a Home Equity Line of Credit, otherwise referred to as a HELOC. It’s easy to get a HELOC and can come in handy when you need quick access to funds at a favorable interest rate.

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Continue reading Spring into Financial Literacy

An important part of everyday life, financial education can give you the confidence it takes to make informed decisions and help you grow to achieve your financial goals. At Arbor Financial, we value education year-round and are proud to offer several free resources and outlets to members, and non-members, to benefit your financial education and well-being. From weekly webinars to individual courses you can take on your own time, we’ve got options for you and your financial situation. Here are some of our offerings to assist you in your financial success journey:

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Continue reading When and Why You Should Refinance Your Home
If mortgage rates nearing historic lows have you thinking about refinancing your home, you are not alone. In just the first nine months of 2020, more than 6 million homeowners refinanced, according to NerdWallet1. By saving homeowners thousands of dollars or allowing them to tap into equity, it is to no surprise that we are experiencing such an influx of refinances. Before you make the move, it is important to have a goal in mind, to compare your current terms with today’s rates, and to weigh out the costs and benefits.

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