The idea of cutting your monthly mortgage payment down by refinancing your loan may sound intriguing to you as an Alaskan homeowner, but there is much more to consider before diving in. In fact, there are cases in which refinancing does not truly pay off for the homeowner. But don't worry! As your local real estate experts, you can count on Madden Real Estate to help you make the best decision for your situation.
Below are four factors to consider before making the decision to refinance your mortgage:
Refinancing is not free
Just as you likely paid some closing costs when you purchased your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and the surrounding areas,...
Since it's winter in Alaska, we're all staying indoors a little more and perhaps you're even watching a few real estate reality TV shows— we've all seen a few by now! As these shows grow in popularity, it's important to keep in mind that not everything you see on your screen is actually reality.
Much of what takes place is staged and filmed in a much shorter timeline and as your local real estate experts in Fairbanks, Eagle River, Palmer, Wasilla, North Pole, and beyond, we've included a much needed reality check for you below!
Myth: Buyers only choose from 3 homes
In nearly every reality TV show based on homebuyers, there are typically three homes toured before the buyer makes a decision and chooses one. While there may be a small percentage of buyers that truly buy one of the first few homes they see in Alaska, remember that...