Author Archives: Bryan Dornan

About Bryan Dornan

Bryan Dornan is Chief Editor of RefiGuide.org. Bryan has worked in the mortgage 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. Should you have any questions about articles like this, let him know.

Checklist for First Time Home Buyer Loans

Switching from renting to owning your home is exhilarating for many Americans. But buying a home is a complex process. If you follow the checklist below for the year before you buy a house, your first home purchase process will be much smoother. Lending Requirements to Buy a House in 2019 12 Months Out Get… Read More »

Home Inspection Tips for First Time House Buyers

First time buyers who put a contract on a house are doing something very exciting. It is your first home, and you are about to take part in the American dream! But as soon as you submit the contract, you should order a home inspection. A home inspection is essential to ensure that the home… Read More »

Arizona Home Mortgage Guide

Arizona is one of the fastest-growing states in the U.S., growing by nearly 2% between 2017 and 2018 alone. In fact, Arizona had the fourth-largest growth rate in the country in that same time, and the state has seen its population expand by nearly 7% since 2014, which is also one of the highest rates… Read More »

Most Affordable Million Dollar Housing Markets

The terms “affordability” and “ultra-luxury housing market” may not immediately seem like they go together, but the truth is that as the U.S. housing market continues its recovery and median sales prices keep trending upward, more and more cities and towns across the country, even some not necessarily considered elite enclaves, will likely see their… Read More »

The Hidden Fees of Homeownership – 4 Things to Know Before You Buy

Millennial homeownership is lower than what it has been for other generations of 25 to 34 year-olds. About one in three Millennials under age 35 own a home, according to the U.S. Census Bureau. While many factors may contribute to that statistic, one may be fear of homeownership. Nearly two thirds of Millennials say they… Read More »

How Much Does It Cost to Refinance?

Many homeowners are considering a mortgage refinance as rates have been on a general upswing in the last 18 months. Even though they are higher than they were, rates are still historically low, so now could be a good time to refinance. But if you are thinking about it, it is important to know what… Read More »

Best Credit Scores for Home Mortgage Loan Programs

The first step for home buyers looking to qualify for a mortgage is to determine their credit score. If you do not have a good enough credit score, you will have difficulty getting approved for a home loan with the vast majority of mortgage lenders. The good news is, there are various home loans available… Read More »

Things to Know About First Time Home Buyers

More and more renters are considering home-ownership. Banks and mortgage lending companies have announced new finance options for first time home buyers. In many instances, the guidelines have been loosened and the credit rules have been eased. 2018 appears to be great year for consumers to stop renting and make the plunge to home-ownership in… Read More »

What Credit Scores Do I Need for a Mortgage?

Buying a house can be a stressful time, so it is important to be organized and understand what the credit requirements are up-front for the various mortgage programs in the United States in 2018. Read on to see what home financing programs are available and what the minimum credit scores are set by the banks… Read More »

Where Home Prices Are Rising the Fastest (Slowest)

Since the end of the great recession, home prices in America have rebounded substantially. Since the dark days of 2009, prices have steadily climbed and are up over 50% on average from the lowest point. This is great news for homeowners whose homes may be worth more than their pre-recession values, but less great news… Read More »

5 Examples of When You Should Not Refinance Your Mortgage

Home mortgage refinance rates are still low in 2019, despite rising substantially last year.If you can refinance your mortgage and save at least .5% on the rate, it can be a way to save you big bucks in interest and payments over the years. But the decision to refinance should be carefully weighed. Below are… Read More »

Top 5 Reasons to Buy Home with Mortgage Rates Going Up

If you were to ask your real estate agent when the best time is to buy a home? They will always say ‘now.’ But as of the end of 2018, as housing prices and mortgage rates are rising, this actually could be the best advice. According to the chief financial analyst at Bankrate, mortgage rates… Read More »

Will Fannie and Freddie Increase Loan Amount Limits in 2019? 

Yes Fannie Mae and Freddie Mac Are Eying Increase of Mortgage Loan Limits in 2019 As of late October 2018, the 30-year fixed rate mortgage fell five basis points back from the week before to 4.85%. The first year 15-year mortgage is now 4.26% which was three basis point slower than last week. The Mortgage… Read More »

6 Secrets to Cash Out Refinancing Responsibly in 2019

If you need a lot of cash to pay for a major expense – such as college tuition or a home renovation project – and you don’t have the cash for it, a cash out refinance of your first mortgage could be the solution. A cash out refinance of your first mortgage allows you to… Read More »

New Home Sales Hit 2 Year Low but Is It a Bad Thing?

Data released in September 2018 indicates that new home sales have declined to a two-year low. According to Yahoo.com, rising mortgage rates and higher home prices are affecting the housing market. The data for the last three months also has been revised down. There have been declines in home building, permits and housing completions in… Read More »

8 Things You Must Know Before Starting the Mortgage Process

Mortgage rates have been rising in 2018 as the US economy is gathering strength. Some renters who have been on the fence about buying a home have been starting to think about getting into the market before rates nudge above 5% in the next year or so. But buying your dream home is not as easy… Read More »

Updated FHA Loan Requirements for Income and Debt to Income Ratios

For over eighty years the Federal Housing Administration has been assisting consumers with FHA home buyer loan and refinance mortgage programs that feature flexible income requirements and easy credit rules and guidelines. There is a reason why a high percentage of mortgage companies in the U.S. get approved by the Department of Housing and Urban… Read More »