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.
Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance
March 30, 2021
An FHA loan sounded like a good idea at the time. But now that you’re paying high mortgage insurance premiums, month after month and year after year, you might not […]
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March 26, 2021
What is FMERR? If you’ve never heard of a Freddie Mac Enhanced Relief Refinance — a “FMERR” loan — you’re not alone. Available to homeowners since the beginning of the […]
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Cash Out Refinance · Refinance · Understanding Mortgages
March 10, 2021
A cash out refinance can put money in your pocket or pay off big debts. Here are some guidelines and things to think about before opening a cash out loan.
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March 10, 2021
A cash out refinance or HELOC (home equity line of credit) lets you turn some of your “equity” into cash. But when you’re choosing between them, you’ll need to consider the specifics of your financial situation.
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March 9, 2021
Refinances typically require 30-45 days from start to finish.
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Ask Tim · FHA Loans · News · Refinance
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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Conventional Loans · News · Refinance
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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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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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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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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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
