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.

Minimum Credit Score Needed for a Home Loan

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 »

VA Home Loan Requirements

There are many reasons why VA loan requirements are so attractive to borrowers with military credentials this year. The U.S economy is booming again, the housing market is soaring and eligible VA home loan applicants have access to arguably the best mortgage to refinance or buy a house in 2018. When most people look at… Read More »

VA & Military Home Loans for First Time Buyers

There are many great home financing advantages to being a military veteran or active military. One of the biggest pluses that you can enjoy is getting a VA loan with competitive interest rates, low closing costs and no down-payment required. If you are VA eligible you owe it to yourself to learn about the benefits… Read More »

FHA Mortgage Loan Process

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 2018. It is important for perspective house buyers to know what the qualifications are to be approved… Read More »

4 Amazing Home Buyer Down Payment Grants

Buying your first home can be overwhelming in many ways. There are so many decisions to make an many people do not realize that there are home buying grants available in all 50 states. One of the most important of course is getting approved for a mortgage and saving up for a down payment. The… Read More »

6 Ways to Know When to Refinance Your Mortgage

Getting a new mortgage loan on your home to replace the first one is known as refinancing. The most common reason to refinance a mortgage is to get a better term and lower interest rate, both of which will save you money in the short and long term. What is Refinancing? Here’s how a refinance… Read More »

15 Year vs 30 Year Mortgage Rate Differences Which is Best?

The current mortgage rates are still very low, with a 30 year fixed mortgage hovering in the 4% range and 15 year fixed mortgages at 3.625% (3.855% APR). With rates this low, many people are thinking about either buying a new home or refinancing. 15 Year Mortgage vs 30 Year Mortgage A 15 year mortgage… Read More »

Arizona First Time Home Buyer

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 »

Best Options to Refinance Upside Down Conventional Mortgage

A mortgage refinance can help you to lower your rate and monthly payment, even if you have low credit scores, poor payment history, or simply upside down on your conventional mortgage loan. It also can get you cash to do renovations on your home if you want to do a cash out refinance. However, some… Read More »

Understanding Second Mortgages

Home owners who meet the lending criteria may be able to get a second mortgage loan if they qualify. You may have heard radio advertisements recently bragging about how low second mortgage rates are today for home equity lines of credit and fixed cash out 2nd mortgages. Getting a Second Mortgage Can Help You Gain Access… Read More »

Why Refinancing is a Bad Idea?

Refinancing your mortgage may not always be a good idea, even if interest rates are low. Before you start the process of collecting all your paperwork and financial documents, really think about the reasons for the refinance. Some financial goals, such as reducing your monthly payment or paying off your loan sooner, may be a… Read More »

Should I Refinance After 10 Years?

Does a mortgage refinance make sense after you have made many years of payments, such as 10 or 15? The answer will mostly depend on your financial goals for the new loan and how long you want to stay in that house. There are several major benefits to refinancing: You can reduce your monthly payment… Read More »

How Much Are Closing Costs on a Refinance?

Refinancing your current mortgage can drop your monthly payment and interest rate. But with every new loan come closing costs. Is it always worth it? Let’s take a look at the numbers in the various refinance scenarios and see. Average Mortgage Refinance Closing Costs As of 2017, the average closing costs to refi a mortgage… Read More »

Does Refinancing a Mortgage Hurt Your Credit?

If you decide to refinance your mortgage, it can have a small influence on your credit score. However, if you refinance on a regular basis, it can have a more substantial effect. When you refinance your mortgage, the mortgage lender will pull your current credit report. This will put a hard credit inquiry on your… Read More »

Does Refinancing Start Your Loan Over?

For many mortgage holders, the idea of refinancing is unappealing. Each time you refinance, the clock resets. Basically, you could be turning back the mortgage clock 30 years every time you do a refi. In some cases, particularly if you are just a few years away from paying off your loan, refinancing may be a… Read More »

Is It Worth It to Refinance?

If you see mortgage rates dropping in 2019, you may consider doing a mortgage refinance. But whether you should do it depends on many factors. It could be logical to refinance in these scenarios: You are able to refinance your fixed rate home mortgage into a lower fixed rate program, and do it with zero… 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 »

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 »

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 »

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 »

What Are the FHA Loan Income Limits & Requirements

If you are intending to get an FHA mortgage loan in 2019, you will be interested to learn FHA requirements and loan amount limits for the year. FHA recently announced its updated limits for 2019. It appears most of the US will see a substantial increase In higher cost zones of the nation, the 2019… 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 »