Today’s interest rates are some of the lowest in U.S. history. And, there are powerful programs that allow homeowners to refinance underwater homes, sometimes with very little documentation. Take advantage of this great opportunity to refinance your home with a HARP refinance, FHA streamline, VA streamline, USDA streamline, or reverse mortgage.
March 5, 2019
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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Conventional Loans · News · Refinance
January 2, 2019
A conventional refinance is the loan of choice for many homeowners in today’s market. While HARP and FHA have dominated the refinance market in years past, the standard conventional refinance is becoming […]
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Cash Out Refinance · Homeowner Tips · Refinance
December 18, 2018
Traditionally, seniors don’t tap into their home equity for retirement income. “I believe many people in their 70s and 80s look at it as welfare,” says Mary Russell, broker/owner at […]
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Ask Tim · FHA Loans · News · Refinance
May 16, 2018
The FHA streamline refinance allows borrowers to reduce their rate with no pay stubs, no W2s, and no appraisal. But is an FHA streamline possible while simultaneously removing a borrower from […]
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September 6, 2017
For millions of Americans, home equity lines of credit (HELOCs) have been a convenient, low-cost ways to finance home improvements and consolidate debt and big-ticket purchases such as cars and […]
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August 28, 2017
Editor’s Note: The HARP program expired December 31, 2018, and a popular replacement option, the Freddie Mac Enhanced Relief Refinance (FMERR) loan expired September 30, 2019. However, Fannie Mae’s High […]
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Refinance · Understanding Mortgages
April 5, 2017
Since the election, mortgage rates have seen more highs than lows. Most experts are predicting that mortgage rates will continue to rise in 2017. Even so, there are many […]
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March 22, 2017
Low interest rates and increased awareness of VA loan program benefits fueled a record volume of VA loans in the last two quarters of 2016, with refinancing spurring much of […]
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Homeowner Tips · Niche Mortgage Products · Refinance
March 15, 2017
After getting a bad rap over the last decade or so, homeowners are once again saying hello to the Home Equity Line of Credit (HELOC). Between 2012 and 2016, the […]
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January 19, 2017
Despite rising mortgage rates, December saw the highest percent of closed mortgage in the past 18 months. Of all mortgage applications, 73.2% of them were approved in the month of […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
