The USDA has launched its own version of the streamlined refinance program, similar to HARP and the FHA streamline refinance. No credit scores, no appraisals, and very low mortgage rates.
Many homeowners refinance for lower payments or interest rates. Here’s what you need to know about your options and some pitfalls.
Do you need a home appraisal to refinance your mortgage? Not necessarily. Here’s what you need to know about conforming, USDA, FHA and VA refinances without an appraisal.
“Should I refinance?” That’s a good question, and the answer depends on what you want to accomplish, and if refinancing will help you meet your goal.
How to refinance a mortgage, plus explanations of “special” programs such as HARP, FHA Streamline Refinance, VA IRRRL. Get today’s rates which are below four percent for many U.S. borrowers.
A conventional refinance can lower your rate, pay off any loan, remove mortgage insurance, and more. Conventional refinance guidelines and rates for this year.
A few months ago, it didn’t make sense for many homeowners to refinance. But almost overnight, nearly 5 million of them can cut their monthly payments. What’s going on?
The new Fannie Mae High LTV Refinance Option allows homeowners to refinance into today’s low rates even if they little or no home equity. No appraisal is required, and borrower documentation has been reduced.
The Freddie Mac Relief Refinance Program (FMERR) allows homeowners to refinance with little or no home equity. Home value dropped since you purchased? You can still take advantage of today’s record low rates.