Mortgage Rates
October 10, 2024
The average mortgage interest rates increased week over week — 30-year fixed rates went up (6.12% to 6.32%) as did 15-year fixed rates (5.25% to 5.41%). […]
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FHA Loans · News
January 10, 2024
Some buyers find that they have built equity in the home a few years after buying it using an FHA mortgage. So they take out a home equity loan or […]
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FHA Loans · Refinance
January 10, 2024
Home buyers pay an upfront mortgage insurance premium when they close on an FHA loan. This upfront fee — known as UFMIP or MIP — equals 1.75 percent of the […]
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FHA Loans · Refinance
January 10, 2024
Editor’s note: Starting September 1, 2019, HUD, the administrator of FHA loans, reduced the maximum FHA cash-out refinance loan-to-value to 80%, down from 85%. What is an FHA cash-out refinance? […]
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FHA Loans · Mortgage Strategy · Refinance
January 10, 2024
FHA Streamline Refinance loans help current FHA homeowners lower the monthly payments for their existing FHA mortgages. With this refinance option, homeowners can get approved with no home appraisal and […]
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Home Buying
January 5, 2024
Mortgage closing costs range from 2-5% of a home’s purchase price. That can add up. But, many sellers are eager to pay your closing costs in order to sell their home […]
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Conventional Loans · News · Refinance
January 4, 2024
A conventional refinance is one of the most versatile loans in today’s market. Conventional refinances can convert any type of mortgage loan into a conventional loan. Simultaneously, a conventional refi […]
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