Posts Covering Refinance
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.
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 […]
February 15, 2018 in About Mortgages Economic News Essential Mortgage Miscellany Federal Reserve First-Time Home Buyers Forecasts Homeownership Topics Mortgage Rates Mortgage Strategy Real Estate Refinance Uncategorized
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 […]
November 22, 2017 in Refinance
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?
November 6, 2017 in Refinance
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.
September 20, 2017 in Refinance
Millennials are seeing some of the lowest mortgage rates of the year, and that is spurring refinance activity among young homeowners.
August 18, 2017 in Refinance
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?”
August 16, 2017 in Refinance
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.
August 12, 2017 in Refinance
“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.
February 24, 2017 in Refinance
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 […]
December 13, 2016 in Refinance
Streamline Refinance programs waive income, asset, credit and employment verification, simplifying the approval process. Appraisals aren’t required, either.
September 7, 2016 in Refinance
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)