Cash Out Refinance Option Popular as Home Equity Rises
The value of your home has probably escalated recently. That means you could have enough equity for a cash-out refinance. That’s great news if, for instance, you’ve dreamed…
Category · Page 4
Refinance
How Will Maternity Leave Affect Your Mortgage Application?
You’ve decided that the bundle of joy you’re carrying deserves his or her own room and you’ve decorated the space in your mind. The only problem is you…
FHA Refinances Can Close After Last Day of Month Without Penalty
FHA Refinance Borrowers Can Now Close Any Day of the Month FHA refinance savings keep piling up in 2015. First, FHA mortgage rates dropped to levels not seen since…
FHA Refinance Net Tangible Benefit: What To Do if You Don’t Qualify
The FHA streamline refinance program allows a borrower with a current FHA loan to refinance into a lower rate and payment with very little time, effort, or documentation.…
Flood Zones: Do You Need Flood Insurance?
Everyone enjoys a nice rain but no one enjoys a flood. Prospective home buyers are made aware that a particular home they are interested in is in a…
Refinancing? Understand Your HTLTV And HCLTV
What is HTLTV and HCLTV? HTLTV is an acronym for “high total loan to value.” HTLTV is a comparison between your home’s value and the total amount of credit…
Six Things to Consider Before Paying Off Your Mortgage Early
When a home buyer purchases a home, they agree to a mortgage that is best for their budget. Mortgages will typically last 30 years so homeowners can more…
Don’t Buy a Car During your Home Loan Application
You start to fantasize about putting something pretty in your future new garage even though your mortgage loan hasn’t been closed yet. You go out and take out…
VA Refinance: Removing a Borrower From the Loan
The VA streamline refinance, also known as an IRRRL, has helped millions of US military veterans and service members lower their mortgage rate and house payment. While the…
Can You Refinance Your Mortgage With No Closing Costs?
The first thing you should do is read the fine print when you hear or see a lender advertising a refinance loan with no closing costs. “In the refinance…