How much does it cost to refinance?
July 7, 2021
It typically costs between 2% and 5% of the amount you’re borrowing to cover the closing costs of your refinance.
Read More...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.
July 7, 2021
It typically costs between 2% and 5% of the amount you’re borrowing to cover the closing costs of your refinance.
Read More...July 7, 2021
You may be surprised by the speed with which you can refinance a mortgage after you bought your home or did your last home refinance. It can be a matter […]
Read More...May 19, 2021
A no closing cost refinance allows you to refinance a mortgage without paying closing costs at the time of closing.
Read More...Cash Out Refinance · Refinance
May 13, 2021
On the surface, applying for a cash-out refinance mortgage sounds like a no-brainer. You may be able to lower your interest rate, plus you walk away with some cash. But, […]
Read More...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 […]
Read More...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.
Read More...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.
Read More...March 9, 2021
Refinances typically require 30-45 days from start to finish.
Read More...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 […]
Read More...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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