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.

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 »

How Will Tax Reform Affect Low Income Housing?

The US Congress passed a tax reform bill at the end of 2017 that low income housing advocates say could have a negative effect on the low-income housing market. According to the Housing Advisory Group, the Republican tax law has overall not been good for the production of affordable housing for low income Americans. Let’s… Read More »

Which Mortgage Refinance Programs to Choose as Rates Rise in 2019

Home buyers and sellers do not have as much reason in September 2018 to get in touch with the mortgage lender these days. Mortgage interest rates are near recent highs in the 4.7% range for a 30-year, fixed rate mortgage. Refinance rates have been showing signs of rising again and home affordability is not what… Read More »

Key Tax Breaks for Homeowners in 2019

Home-ownership is one of the pillars of the American dream. The US tax code has many tax breaks to encourage home ownership, even beyond the popular mortgage interest deduction. The US government understands that when people own their own homes, they are more likely to care for the property and the neighborhood in general. Also,… Read More »

8 Special Military Home Loans Guaranteed by State Governments

Most military members and retired military know about the VA home financing programs for getting a home loan guarantee with 100% financing, low interest rate and no mortgage insurance. The VA mortgage loan can be a great deal for many veterans and active military. But did you know there are other special home loan programs… Read More »

What is a Blanket Loan?

Some commercial real estate investors have several properties and understand that juggling several mortgages with various interest rates and terms can be challenging. That is where a blanket loan can be a possible solution. A blanket loan allows you to make a single payment to a single bank with one set of loan terms. This… Read More »

5 Considerations Comparing Investment Home Loans

The housing crash of a decade ago is fading from our collective memories, and home prices are rising nicely at a 6-7% clip per year. But what does this mean for investing in real estate and financing for that matter? Interest rates are slowly on the rise but are still under 5% for a 30-year… Read More »

How Much of a Down-Payment Do I Need to Buy a Condo?

If you are considering the purchase of a condominium, you may wonder how much of a down payment you need to get a mortgage. Depending upon the lender and other factors, you will probably need somewhere between 3% and 20% down to buy a condo, with 10% being the most common for people with condo… Read More »

Guide to Financing a Second Home in Today’s Loan Market

Do you want to buy a second home? You probably have many questions about how to finance a 2nd-home. Whether you want to buy a second home for vacations or as an investment property, getting financing for this type of property comes with some challenges that you should be aware of. This article will explain… Read More »

How to Buy a House with Little Money Down and Average Credit Scores

One of the biggest barriers to buying a home for many Americans is the down payment. But many first-time home buyers have misconceptions about the down payment that is required, as well as what credit scores are needed. According to the National Association of Realtors, 85% of first time buyers think they need 10% down… Read More »

Top 4 Mortgage Loan Programs for New Home Buyers in the US

Most Americans want to buy a home for the first time at some point in their lives and there are many attractive mortgage loan programs worth considering. It is no secret that money and finance issues often interfere with the ability to buy that first house. According to a recent survey by Apartment List, a… Read More »

Top 8 Smart Home Technology Secrets for 1st Time Buyers in the US

Are you a first-time home buyer? You may want to check out some of these smart home technology secrets we list below. These cool devices and tech can really make your home a more convenient and efficient place to live. Robot Vacuum Cleaner Keeping your first home clean and tidy is important. Floor cleaning and… Read More »

How to Choose the Right City the Buy an Investment Home in 2019

Many people want to buy investment properties that make them money. But how can you choose the best place to buy investment properties so your dream will become a reality? Below are some of the most important factors to look at as you decide which city to invest in: #1 Jobs and Demographics A real… Read More »