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.
January 1, 2021
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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December 14, 2020
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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Cash Out Refinance · Refinance
December 12, 2020
On the surface, applying for a cash-out refinance ellmortgage sounds like a no-brainer. You may be able to lower your interest rate, plus you walk away with some cash. But, […]
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September 14, 2020
A no closing cost refinance allows you to refinance a mortgage without paying closing costs at the time of closing.
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August 31, 2020
Refinances typically require 30-45 days from start to finish.
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August 28, 2020
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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Cash Out Refinance · Refinance · Understanding Mortgages
July 22, 2020
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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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
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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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
