Bryan Dornan

About Bryan Dornan

Bryan Dornan is a financial journalist and currently serves as Chief Editor of RefiGuide.org. Bryan has worked as a mortgage loan officer in the industry for over 20 years and has a wealth of experience in providing mortgage clients with the highest level of service in the industry. Bryan's continual focus is to promote affordable home-ownership to consumers like you across the United States. He also writes for RealtyTimes, Patch, Buzzfeed, Medium and other national publications. Find him on Twitter, Muckrack, Linkedin and ActiveRain.

Is It Better to Refinance or Get a Home Equity Loan?

Your home is not just your castle. It can be a cash source for home renovations, repairs, college tuition, or an emergency fund. The equity you have built up can be tapped through a mortgage refinance or a home equity loan. What’s the difference and which is better for you? A mortgage refinance pays off… Read More »

How Long Does It Take to Refinance a House?

Refinancing your house means you are getting a new home loan, so it can take some time. In many situations, refinancing a home takes 30 to 45 days. But the exact time to sit down at the closing table depends on many factors, and some of them you do not control. You might be able… Read More »

Florida First Time Home Buyer Guide

Over the past decade, Florida has expanded by more than 2.6 million people, the second-highest numerical population increase in the country, behind only Texas. So it shouldn’t come as a surprise that the state’s housing market is also expanding and values are rising. The coronavirus pandemic has put a damper on housing markets across the… Read More »

Alabama First Time Home Buyer Guide

While Alabama isn’t among the biggest U.S. states, it is one of the states in its region that’s added the highest number of residents over the past decade. In fact, Alabama ranks in the middle among all Southern states when it comes to population increase since 2010. The state’s population growth has a knock-on effect… Read More »

Nevada First Time Home Buyer Guide

Nevada is one of the fastest-growing U.S. states, both according to the total number of new residents since 2010 and the percentage growth rate resulting from the hundreds of thousands of new Nevadans. All that growth has made the Nevada housing market one of the most exciting in the country. Like the rest of the… Read More »

What Credit Score Do You Need to Refinance a Mortgage?

Mortgage refinance rates at the end of 2020 are approximately 2.5%, so many homeowners are tempted to refinance. But if you want to take advantage of these record-low interest rates, you’ll need to get your finances in order, especially when it comes to your credit score. Different lenders and programs require various credit scores to… Read More »

California First Time Home Buyer Guide

California has long been one of the most expensive housing markets in the country, and it’s no wonder why. It’s the state with the highest population, and it’s growing. In fact, the state has added more than 2 million residents over the past decade, with the population climbing by more than 8% in that time.… Read More »

Texas First Time Home Buyer Guide

Like the rest of the country, the housing market in Texas has experienced a roller-coaster ride in 2020 because of the coronavirus pandemic. But with the population in Texas continuing to climb (the state added the highest number of people over the past 10 years), all signs point to purchasing a new home in the… Read More »

When’s the Best Time to Refinance Your Home?

When mortgage rates plunge, many homeowners decide to refinance their home loans. While refinancing activity rose in 2020 with lower interest rates, it may not always be the best time to refinance. Knowing when you should refinance in your specific situation is critical. This article will tell you what you need to know about mortgage… Read More »

8 Reasons You Should Still Refinance Your Mortgage

Did you not refinance your mortgage yet? If not, you should know that the days of 2.5% mortgages are probably behind us. However, rates are still historically low, so you should take a strong look at refinancing your mortgage in 2020. Here are some good reasons why you should strongly consider a home refinance with… Read More »

New High LTV Refinance Program Replaces HARP

A new high LTV refinance program was just announced to Help Underwater Homeowners as HARP is set to expire. The outlook for mortgages is still excellent in early 2021, with rates rising above 4%. Even though rates have increased in the last six months, 30 year fixed mortgages are still near historical lows. High LTV… Read More »

Most and Least Affordable Places to Buy a Home

Published on August 20th, 2020 by Refiguide.org. Reviewed by Peter G. Miller The Coronavirus pandemic has upended the real estate market so far in unexpected and varied ways. Record low mortgage interest rates combined with people spending most of their time at home has caused a boom in home buying in many housing markets despite… Read More »

Understanding Loan to Value Ratios

There’s a reason that lenders often reemphasize one common phrase throughout the homebuying process: it’s one of the most expensive purchases you’ll ever make. With that purchase comes risk, as real estate transactions are often established through financing that runs 30 years or more. The reality is, that financing is established on properties that can —… Read More »

Best Mortgage Loans for Senior Citizens & The Elderly

Housing, particularly in the United States, has a fairly predictable lifecycle. The reason is that most homebuyers who buy a house finance that purchase with a mortgage earlier in life and therefore engage in a long-term financial obligation in which they ‘agree’ to accumulate equity in their home. Home loans for seniors and the elderly… Read More »

FHA vs Conventional Mortgage Loans

Are you house hunting? If so, there’s something else you should be thinking about before locking in your mortgage: wealth building. In a perfect world, you’d find a lender who could outline hypothetical outcomes and give you the lay of the land when putting a comparable Federal Housing Administration (FHA)-insured mortgage against a conventional mortgage… Read More »

How Does a VA Mortgage Loan Work?

Are you currently serving your country or a recently discharged military veteran? If so, you know your branch of service has likely instilled discipline, strong values, a sense of duty, and loyalty. Among those numerous positive outcomes that can result from military service, there’s also another one you might not have thought of — homeownership. … Read More »

Second Mortgage vs Home Equity Loan

Do you have growing equity in your home? If so, you may want to pull out some of that cash to remodel your kitchen, pay off debt, or fund your child’s college tuition. You can tap your equity with a mortgage refinance or a second mortgage. If you already have a low-interest rate on your… Read More »

What Is an Energy Efficient Mortgage?

Prospective homeowners who want to enjoy higher energy efficiency savings and possibly afford a larger mortgage have a great option – the Energy Efficient Mortgage (EEM). An EEM is a mortgage that credits your home’s energy efficiency into the home loan itself. An EEM gives you the chance to finance energy-saving measures into one mortgage.… Read More »

How to Get a Stated Income Mortgage Loan

If you are self-employed and do not have a traditional income with W-2s and pay stubs, you may wonder if you can get a mortgage in 2020. Yes, there are options for self-employed professionals to get a home loan without traditional proof of income. These are known as stated income mortgages. But the rules for… Read More »

Benefits of Getting an FHA Mortgage Loan

The home buying market continues to roar and many consumers are excited to stop paying rent this year. One of the first steps is to apply for FHA home loan financing so let’s explore the opportunities. FHA is a trusted government insured mortgage product. Here are some great reasons to call your mortgage lender today… Read More »

Why Write a Check Using Your HELOC Loan

If you own your home, you will like continue to enjoy rising home values in 2020. With higher home prices and rock bottom low interest rates, a good option for many home owners today is to open a home equity line of credit. In the past you could deduct the interest paid on a HELOC… Read More »

5 Reasons to Remodel Your Home with a HELOC

Many financial advisors and mortgage brokers consider the HELOC the best home improvement loan, mostly because of the product’s flexibility. #1 HELOCs have a low interest rate The home equity credit line has a lower, variable interest rate than a home equity loan. That second mortgage has a fixed rate and payment plan. A HELOC usually… Read More »

First Time Home Buyer Mortgage Tips

Becoming a homeowner is quintessential part of the ‘American dream’, so obtaining the right mortgage is a critical step in the first time home buyer process. It’s no secret that the U.S. housing market has been surging, so it is natural that mortgage companies are comfortable expanding credit and home loan financing for first time… Read More »

Bad Credit Mortgage Tips for Low Credit Scores

If your credit score is cringe-worthy and you’re thinking about buying a house, you may have some legitimate concerns about your chances of getting approved. But fear not: You may still be able to get a mortgage with bad credit. However, your credit history will undoubtedly make the application process more nerve-wracking, complex, and expensive.… Read More »

How to Buy a House with a FHA Mortgage

It’s no secret that the housing market is booming in 2020. Even though the house buying process can add a lot of pressure to your life, if you take a pragmatic approach and work with trusted lending professionals home-ownership can be a wise decision. The Federal Housing Administration was created in 1934 in an effort… Read More »

How Low Rates are Great for the Housing Market

If you’re trying to buy a house, you need to understand all the aspects of obtaining a mortgage rate and the various factors that will influence that number. Why? If you go into your house hunt with no clear idea of how mortgage rates work, you’ll face a more complex process and potentially walk away… Read More »

10 Ways to Get Approved for a Home Loan the First Time

Are you in the market for a home loan in the new year? Whether you are buying your first home or refinancing your existing one, you can improve your odds of being pre-approved for a home loan this year if you follow our helpful tips below. #1 Make Sure You Know Your Credit Score As… Read More »

Home Buyer Tips for FHA Mortgage Loans

Do you want to use an FHA mortgage to buy your next home? If so, you probably have a lot of questions about the FHA home loan process and what you need to do to be approved in 2020. It is important for perspective house buyers to know what the qualifications are to be approved… Read More »

Best Mortgages for First Time Buyers with Poor Credit

Maybe you’re in a shared living situation (that is, living with an adult who is not your romantic partner) due to a financial crisis, or you’re a renter under less-than-ideal circumstances pining to become a homeowner. Perhaps you’re sitting on a mountain of student debt, or medical bills, or so many other incurred monthly expenses… Read More »

Most Affordable Rental Markets in America for 2020

Most financial experts advise the average person to spend no more than 30% of their income on housing. The likelihood of making that happen, though, depends largely on where you live. That’s because for people in dozens of American cities, the typical person sees nearly all of their income gobbled up by rent. According to… Read More »