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, 2020
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
March 5, 2020
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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Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance
March 2, 2020
An FHA loan sounded like a good idea at the time. Now, not so much. That’s what many FHA home buyers are saying. The reason: high mortgage insurance premiums, month […]
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FHA Loans · Mortgage Rates · Refinance
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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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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October 17, 2019
When you get an FHA loan, you pay a mortgage insurance premium at the time of closing. This initial premium is the called the upfront mortgage insurance premium (also known […]
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Refinance · Understanding Mortgages
September 24, 2019
Refinancing can mean lower payments, less total interest costs over the life of the loan, and possibly some extra cash for home improvements. Currently, interest rates are at historic lows […]
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Refinance · Understanding Mortgages
August 30, 2019
With home values rising in most areas of the country, many homeowners are interested in a home equity line of credit to access cash — especially to fund remodel projects […]
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Cash Out Refinance · Refinance · Understanding Mortgages
June 25, 2019
Many homeowners dream of having their own swimming pools, especially after the heat of summer settles in. But after checking the price tag, a lot of would-be pool owners give […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
