How Long Does a Refinance Take?
March 9, 2021
Refinances typically require 30-45 days from start to finish.
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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.
How much does it cost to refinance?
March 8, 2021
It typically costs between 2% and 5% of the amount you’re borrowing to cover the closing costs of your refinance.
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Ask Tim · FHA Loans · News · Refinance
Can I Use an FHA Refinance to Remove a Borrower?
February 12, 2021
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 […]
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FHA Mortgage Insurance Refund Guidelines [Chart]
February 11, 2021
When you get an FHA loan, the home buyer pays a mortgage insurance premium at the time of closing. This initial premium is the called the upfront mortgage insurance premium […]
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Conventional Loans · News · Refinance
Conventional Refinance Rates, 2021 Loan Limits and Guidelines
February 10, 2021
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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FHA Cash-Out Refinance: Access Your Home Equity
January 5, 2021
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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Complete HARP Refinance Rates & Guidelines | Updated for 2021
January 1, 2021
Editor’s Note: The HARP program expired December 31, 2018. The Freddie Mac Enhanced Relief Refinance (FMERR) loan program is a popular replacement option. Plus, Fannie Mae’s High LTV Refinance Option […]
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Can I Refinance If I’ve had a Late Mortgage Payment?
April 29, 2020
Certain lenders and programs allow you to refinance if you’ve had a late mortgage payment. But you may have to do some searching. Question: Is there any way to refinance […]
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FHA Loans · Mortgage Rates · Refinance
FHA Loans Getting Approved At High Clip
February 12, 2020
FHA loans closed at the highest clip in the past 18 months. Over 74.2 percent of FHA loans closed in the month of December, up from about 74 percent in […]
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VA Home Loan Refinance Options: Find Better Rates and Cash Out Home Equity
November 4, 2019
The VA home loan is hands down the best purchase in today’s mortgage market. But the VA also provides refinancing options as well. The VA offers two main refinance types. Each […]
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Tim Lucas
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
