Cash Out Refinance Mortgage Loan Opportunities

One of the most popular aspects of owning a home is to pull out money in a cash out refinance mortgage for major purchases. You can do whatever you like with the money, but the most popular uses of equity include paying for college, home renovations, and buying investment property. 2024 is looking like a… Read More »

What Credit Score Do You Need for a Mortgage Refinance?

Many homeowners want to know what credit score they will need to refinance their mortgage in 2024. Credit score requirements for mortgage refinancing play a crucial role in determining your eligibility and the terms of a new refinance mortgage loan. While there are minimum credit score requirements for a mortgage aim for higher credit scores… Read More »

USDA Mortgage Refinance Loans for Rural Homes

Borrowers that reside in rural areas may qualify for USDA mortgage refinancing that provide special benefits for qualified prospects. USDA mortgage interest rates have have been rising over the last few years,. Still, USDA mortgage rates are still being published with affordable pricing, and this makes it a tempting time for refinancing. And for people… Read More »

Best Ways to Refinance a Mortgage with No Equity

When property values drop the demand for a mortgage refinance with no equity goes up. In the past, it was challenging to find a mortgage lender that would allow you to refinance your mortgage at a reasonable interest rate if you had little to no equity. If you have no equity, it means that you… Read More »

Mortgage Loan Document Checklist for Refinancing

Getting ready to shop for a mortgage refinance for your home is similar to buying your house the first time. In both situations, you have to provide a pile of financial documents to qualify for your new loan. The Federal Reserve has indicated that interest rates may be cut in 2024, so now is a… Read More »

Is It Worth It to Refinance Your Home?

If you see mortgage rates dropping in 2024, you may consider refinancing your home. But whether you should do it depends on many factors. It could be logical to pursue a home refinance in these scenarios: You are able to refinance your fixed rate home mortgage into a lower fixed rate program, and do it… Read More »

New High LTV Refinance Program Replaces HARP

A new high LTV refinance program was just announced to Help Underwater Homeowners as HARP expired. The outlook for mortgages is looking better in early 2024, with rates finally going back down. Even though rates have increased significantly in the last 2 years, the 30 year fixed mortgages are still near historic averages. What is… Read More »

8 Easy Ways to Save Money Refinancing Your Mortgage in 2024

Are you considering a refinance of your mortgage? Interest rates rose significantly this year  but could drop in 2024, so now may be the time to apply for a refinance mortgage. If you are considering a home refinance, you will want to save as much money as you can to make the process worth it.… Read More »

7 Signs It’s Time to Refinance Your House Loan

People who own their home frequently are watching mortgage rates to determine if now is a good time to refinance their home loan. Whenever you refinance, you always are taking a bit of a gamble because it is hard to say what rates will be tomorrow, let alone next month or next year. When considering… Read More »

Best Rate and Term Refinance Mortgage Options

Refinancing your mortgage is usually a great way to save money on your bills every month. And these days, mortgage rates are still in the area of 3%, so many people find that they can lower their mortgage payment by refinancing. Over the last thirty years, the rate and term refinance has been the most… Read More »

Why Homeowners Should Refinance Student Loan Debt

Are you contemplating consolidating and refinancing student loans into your mortgage as a homeowner? With the consistent increase in home values over the last five years, there’s potential to clear your student loan debts and retain home equity. Nonetheless, understanding the advantages and disadvantages of this approach is crucial to determining whether incorporating student loans… Read More »

Why the Mortgage is the Best Debt Consolidation Loan on the Planet

Consolidating debt with a mortgage featuring a fixed interest rate is a wise move and a hedge against inflation. For years, many Americans have decided to save on their credit card bills and other debts by refinancing their mortgage and pulling out equity. For decades Americans have turned to the mortgage in an effort to… Read More »

How to Calculate Loan to Value (LTV) when Refinancing a Mortgage

Homeowners and loan officers know how important calculating Loan to Value, or LTV, when applying for a refinance mortgage. Your credit could be excellent but if your do not meet the LTV requirements for a mortgage refinance then you will be turned down. In a home refinance transaction, the Loan to Value (LTV) is just… Read More »

When You Should NOT Refinance Your Mortgage

Home mortgage refinance rates have been surging higher in 2023. 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 five reasons you… Read More »

Cash Out Refinance vs Home Equity Loan

Today homeowners looking for cash out have a choice to refinance or take out a home equity loan in an effort to leverage the equity in their home for money. Let’s explore the pros and cons of a cash out refinance versus home equity loans. In most cases, when the interest rate trend is upward,… Read More »

Shop for the Best Refinance Mortgage Rates

It no secret that finding the best interest rate when refinancing your current mortgage starts with the shopping process. Not all banks and  lenders offer the same refinance mortgage rates. Some companies are more aggressive than other banks and factors like credit scores and loan to value are part of the equation for consumers to… Read More »

FHA Cash Out Refinance Program

For several decades the FHA cash-out refinance program has helped millions of Americans with affordable refinancing with cash out opportunities that do not require as much equity as most conventional mortgages. Do you want to refinance your FHA loan into a lower rate and get cash out? How about pulling out some money to finance… Read More »

Best Options to Refinance a 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 »

Today’s Second Home Mortgage Rates for Refinancing

Second home mortgage loans have different rules, requirements and rates for most borrowers looking to refinance their second house, vacation home or investment property. For people who are lucky enough to have a second home, you will always have some unique challenges. One of the issues that can come up at some point is refinancing… 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. Lets find out if the cost to refinance a home mortgage will continue to rise in… Read More »

Essential Refinance Mortgage Loans Guide

2024 is just around the corner and refinance mortgage rates are on the way up. According to Freddie Mac, the average rate on mortgage refinance loans today is 6.625%. If you been considering a refinance as a new home owner, you may want to get it done sooner than later. Some experts believe that with… Read More »

Refinance Mortgage Guide

The mortgage refinance is specific loan, that homeowners do to secure more favorable terms, with existing mortgage lien. People who own a home and have a mortgage are often watch current mortgage interest rates. They want to figure out if now is the best time to refinance their mortgage. This is always a gamble because… Read More »

Adjustable Rate Mortgage Pros and Cons

For people who are getting a home loan this year, you may know that you are probably buying in a time of rising interest rates. While interest rates will not rise through the roof, you can expect to pay more for a mortgage in six months than today. There are millions of people who have… Read More »

How Do I Refinance My Modular, Mobile & Manufactured Home?

What are the challenges finding a mortgage refinance for a manufacture, mobile and modular home loan? It’s no secret that modular and mobile home refinancing is not available with every mortgage lender today. The RefiGuide will help you connect with manufactured and mobile home lenders offering attractive mortgage refinance programs. Today’s Mortgage Rates on Manufactured,… Read More »

How to Mortgage Refinance without an Appraisal

Getting approved for a mortgage refinance with no appraisal can save you time and money. One of the biggest blessings for homeowners is when they can find a mortgage refinance without an appraisal being required. Yes, it not available to everyone in every situation, but it is possible to refinance with no appraisal if you… Read More »

Construction Loan Versus Home Equity Line

Experienced lenders can help you compare construction loans and home equity credit lines, so you can evaluate the benefits and risks to ensure a wise decision. Homeowners often want to make many improvements to their home. It is after all where they live and spend most of their time. Homeowners also want to renovate their… Read More »

Cash Out Refinance Tax Implications

Homeowners across the country want to know if they have to pay taxes on a cash out refinance loan and if the mortgage interest interest is tax deductible as well. With a cash-out refinance, the homeowner can withdraw equity from their home. If your home is valued at $200,000 and you owe $150,000, you have… Read More »

Secrets to Securing the Best Deal on Your Next Refinance Mortgage

In 2023, interest rates for refinancing have moved considerably higher, with conventional 30-year mortgage rates in the 6% range. If you are considering a refinance mortgage because you want to secure a low interest rate, you may want to get rolling sooner than later. There have been reports that refinances have dropped off as people… Read More »

Why The 15 Year Fixed Rate Mortgage Has Benefits

A 15-year mortgage offers several significant benefits to borrowers looking to own their homes quickly and reduce overall interest costs. Mortgage rates have been very low in the last few years, especially for 15-year mortgages. Did you know that just a few years ago, Zillow reported 15 year mortgage under 3% for qualified borrowers? That… Read More »

FHA Streamline Refinance with No Appraisal

The FHA streamline refinance has been one of the most popular refinancing program for over 3 decades now. If you hold an FHA mortgage now, you have the option of refinancing with the FHA Streamline Refinance program. This popular FHA refinance program can make a lot of sense in certain situations, especially for those who… Read More »