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.
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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April 19, 2019
Editor’s Note: The FMERR Program expired September 30, 2019. However, Fannie Mae’s High LTV Refinance Option (HLRO) currently has no expiration date. Similar to FMERR, it’s a great loan option […]
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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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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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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
