Posts Covering Refinance

Guide to mortgage closing costs: What average mortgage costs are, and how to keep yours low

Mortgage closing costs are a big part of buying or refinancing a home. Here are the average closing costs for each type, and what you can do to pay as little as possible.

Don’t be a victim of mortgage fraud

Mortgage fraud: unlikely, but possible According to the FBI, you are not the most likely victim of mortgage fraud — most cases are perpetrated by borrowers against mortgage lenders. Often those involve exaggerations, white lies or outright falsehoods on loan applications. Should you lie on your mortgage application? However, mortgage industry professionals who abuse their […]

What mortgage rate history can tell us about the future

How useful is mortgage rate history? Mortgage rate history may sound a pretty boring topic. Indeed, you may subscribe to the Henry Ford school, which believes that all history is bunk. However, knowing how mortgage rates behaved in the past can help you understand what might happen to them in the future. That knowledge could […]

Can you refinance while your house is listed for sale?

Can you refinance while your house is listed for sale? You’ve had your home on the market, a it’s not moving. So you’d like to cash out some equity or lower your payment. Will mortgage lenders allow it?

Millennials aren’t just buying homes. They’re refinancing, too

It’s common knowledge, by now, that Millennials are in the hunt for homes to buy. But more and more younger homeowners are taking advantage of low rates and refinancing homes they already own.

How to remove your ex from the mortgage

It’s not always easy to remove your ex from the mortgage, but it’s possible. Here are several strategies you can try.

More Millennials refinancing as rates hit 2017 low

Millennials are seeing some of the lowest mortgage rates of the year, and that is spurring refinance activity among young homeowners.

The mortgage offer in the mail: Should you accept?

It may seem pretty old school, but lenders will still send a mortgage offer through snail mail to connect with a targeted customer. Is it worth considering, or should you just put it in the “circular file?”

USDA streamline refinance program: Now available in all 50 states

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.

Should I refinance or just pay down the principal?

“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.

4 Alternatives To A Cash-Out Refinance

The cash-out refinance can be a good solution to your cash flow concerns, but it may not be the cheapest. Check out these alternatives before you borrow.

What Does It Mean to Refinance Your Home?

What does it mean to refinance your home? It means replacing the mortgage you have with a better one — a home loan that costs less or better meets your needs.

When Does Refinancing Make Sense?

When does refinancing make sense? It depends on your goals and the loans available to you. Here are some scenarios in which refinancing does and does not make sense.

Compare Refinance Loans

Selecting A Refinance Loan When you decide to refinance, you might be surprised that there are many types of refinances from which to choose. Your refinance depends on factors such as The type of loan you currently have Your home’s value compared to loan balance Whether you currently hold mortgage insurance Following is a brief […]

Which “Low-Doc” Streamline Refinance Program Is Best For Your Mortgage?

Streamline Refinance programs waive income, asset, credit and employment verification, simplifying the approval process. Appraisals aren’t required, either.

Refinance Mortgage Brand Names: FHA, VA, USDA, & Conv.

The “mortgage refinance” goes by many names — The IRRRL, the FHA Streamline Refinance, the Rate-and-Term, and others. Which is which, and how to qualify for the one you want.

2018 Conforming, FHA, & VA Loan Limits

Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)