How to Skip Two Mortgage Payments When Refinancing

Refinancing a mortgage offers homeowners many benefits, such as securing a lower interest rate, reducing monthly payments, and tapping into home equity. However, one lesser-known advantage is the opportunity to skip up to two mortgage payments during the refinancing process. This financial relief can provide much-needed breathing room for homeowners managing expenses. But how does… Read More »

Can You Refinance a Solar Loan?

As more homeowners embrace renewable energy, solar panel installations have become an increasingly popular investment. However, the upfront cost of solar panels can be significant, leading many homeowners to finance their systems through solar loans. While these loans provide a way to transition to green energy, they also come with financial responsibilities. Homeowners often ask… Read More »

Can You Refinance a Construction Loan?

Building a home is an exciting yet complex financial endeavor. Many homeowners finance their home’s construction through a construction loan, a short-term loan that covers building costs. However, once the construction is complete, the question arises: Can you refinance a construction loan? The answer is yes, and in many cases, refinancing is not just an… Read More »

Can You Refinance to Avoid Foreclosure?

Foreclosure is a stressful and financially devastating situation that no homeowner wants to face. When financial hardship makes mortgage payments unaffordable, homeowners may wonder if refinancing can be a viable solution to keep their homes. The good news is that mortgage refinancing can indeed help avoid foreclosure—if the homeowner meets certain criteria and acts quickly.… Read More »

Top 5 Home Refinance Loans

Are you thinking of refinancing your home mortgage? Depending upon your current interest rate on your mortgage, and the rates in the market, this can make a great deal of sense. If you can get a mortgage interest rate that is ½ point to a full point lower than you have right now, you may… Read More »

FHA Streamline Refinance with No Appraisal and No Credit Check

no down payment home loan

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. FHA customers continue to request the FHA streamline refinance without appraisal. This popular FHA refinance loan can make… Read More »

Can I Combine My Mortgages?

combine mortgages

Homeownership often comes with the challenge of combining multiple mortgages, whether from a primary mortgage, second mortgage, HELOC, or home equity loan. If you’re juggling multiple payments, you may wonder, “Can I combine my mortgages together?” The answer is yes, but the process involves significant financial considerations, eligibility requirements, and an understanding of home refinancing… Read More »

How Does Cash-Out Refinance Affect Basis of Property?

Real estate investors and homeowners often use a cash-out refinance to tap into their home’s equity for renovations, debt consolidation, or other financial needs. However, when it comes to taxes and property valuation, a key question arises:  How does cash-out refinancing affect the basis of a property? Understanding the impact on a property’s basis is… Read More »

What Credit Score Do You Need for a Mortgage Refinance?

DSCR mortgage

Many homeowners want to know what credit score they will need to refinance their mortgage in 2025. Credit score requirements for mortgage refinancing play a crucial role in determining your eligibility and the terms of a new refinance mortgage loan. The RefiGuide can help you learn about what today’s credit scores are required to get… Read More »