Tips for Comparing FHA and Conventional Mortgage Rates

Most borrowers want to know which mortgage rate is lower, the conventional or the FHA. Let’s explore the differences between FHA and conventional mortgages so you can make a wise financial decision. Are you considering refinancing your mortgage to save money on your current monthly payment?. Great! Now you just need to figure out which… Read More »

7 Tips to Boost Your Home Value Prior to Refinancing

When you do a mortgage refinance on your home, you will usually need to get a new appraisal so that the lender knows that they can sell the home for the amount they are lending if you were to ever default on the loan. The appraisal is a vital part of the typical mortgage loan… Read More »

6 Ways FHA Enables People to Refinance a Mortgage

An FHA mortgage is a great way for millions of Americans to buy their own home, especially for people with damaged credit and low fico scores. Down payments are as low as 3.5%, credit requirements are flexible, and interest rates are lower than conventional mortgages. If you like your FHA mortgage, you are going to… Read More »

What is the Home Affordable Refinance Program?

You may have heard about HARP – the Home Affordable Refinance Program. It was launched in March 2009 and could be just what you need to get your financial life back on track. The HARP refinance plan was created in an effort to stem the foreclosure crisis that erupted nearly a decade ago. Home Affordable… Read More »