Looking for a quick and tasty weeknight dinner? This Easy shrimp recipe is your ticket! Shrimp are coated in Mediterranean spices, then quickly cooked in a light sauce of olive oil and citrus along with shallots, bell peppers and tomatoes. Serve it with rice or your favorite grain and call it good! Be sure to read through for my tips and watch the video for how to make this easy shrimp recipe toward the bottom of this post.
Is Refinancing My Mortgage a Good Idea?
Is now a good time to refinance your mortgage? Will a lower interest rate cover the closing costs within a desired period? The decision to refinance your home depends on many factors. In some cases, refinancing is a wise decision. In others, it can cost you money.
The typical rule of thumb is that if you can reduce your current interest rate by 0.75% to 1% or higher, it might make sense to refinance. However, there are costs involved. Refinancing costs are almost as high as the cost of an initial mortgage. Your outlay will have to cover closing costs, title insurance, attorney’s fees, an appraisal, taxes, and transfer fees.
Consider How Long You Plan to Stay in Your Home
The first step in your decision to refinance is to calculate your monthly savings once your refinancing is complete.
During periods when home values decline, many homes are appraised for much less than they have been appraised historically. If this is the case when you are considering refinancing, the amount at which your home is valued may mean that you lack sufficient equity to satisfy a 20% down payment on the new mortgage. To refinance, you will be required to provide a larger cash deposit than expected, or you may have to carry private mortgage insurance (PMI), which will ultimately increase your monthly payment. in this case, even with a drop in interest rates, your real savings may not amount to much.
Most of the time, a refinance that will remove your PMI will save you money and is worth doing for that reason alone. If your house has more than 20% equity, you will not need to pay PMI, unless you have an FHA mortgage loan or are considered a high-risk borrower. If you pay PMI, have at least 20% equity, and your current lender will not remove it, you should refinance.