Can you Refinance a FHA Mortgage to a Conventional Home Loan?

Many homebuyers don’t have a 20% down payment or high credit score, so they turn to FHA loans to buy their home. FHA mortgages have many advantages, but they may have higher annual costs than conventional loans in many cases. So, it can be beneficial when your credit and financial situation improves to refinance an… Read More »

When Should I Refinance My Home Mortgage

One of the hardest things to gauge as a homeowner is when is the ideal time to refinance your home mortgage. If anyone could precisely predict when mortgage rates will rise and fall, they could probably retire very wealthy. But even seasoned real estate and stock experts cannot predict the variability of mortgage rates. It’s… Read More »

How Does a Cash Out Refinance Work?

If you’re flush with equity in your home after rising home values in recent times, you aren’t alone. It’s estimated in some circles that homeowners have trillions of dollars of new equity in their homes in 2022. With homes continuing to soar in value and some states seeing a housing shortage, it’s understandable that many… Read More »

8 Tips When Refinancing a 2nd Home or Investment Property

Interest rates are still low in 2022, and this isn’t only a benefit for your primary residence. If you own a second home or investment property, it is a good time to find out if you can refinance your mortgage and save money. There are many similarities between refinancing your primary residence and second home,… Read More »

Is It Better to Refinance or Get a Home Equity Loan?

Your home is not just your castle. It can be a cash source for home renovations, repairs, college tuition, or an emergency fund. The equity you have built up can be tapped through a mortgage refinance or a home equity loan. What’s the difference and which is better for you? A mortgage refinance pays off… Read More »

How Long Does It Take to Refinance a House?

Refinancing your house means you are getting a new home loan, so it can take some time. In many situations, refinancing a home takes 30 to 45 days. But the exact time to sit down at the closing table depends on many factors, and some of them you do not control. You might be able… Read More »

When’s the Best Time to Refinance Your Home?

When mortgage rates plunge, many homeowners decide to refinance their home loans. While refinancing activity rose in 2020 with lower interest rates, it may not always be the best time to refinance. Knowing when you should refinance in your specific situation is critical. This article will tell you what you need to know about mortgage… Read More »

8 Reasons You Should Still Refinance Your Mortgage

Did you not refinance your mortgage yet? If not, you should know that the days of 2.5% mortgages are probably behind us. However, rates are still historically low, so you should take a strong look at refinancing your mortgage in 2021. Here are some good reasons why you should strongly consider a home refinance with… 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 still excellent in early 2021, with rates rising above 3%. Even though rates have increased in the last six months, 30 year fixed mortgages are still near historical lows. High LTV loans typically carry… 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 »

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 »

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. Lets find out if the cost to refinance a home mortgage are rising in 2020. Average… 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 refinance. 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 Your Home?

If you see mortgage rates dropping in 2020, you may consider doing a mortgage refinance. But whether you should do it depends on many factors. It could be logical to refinance your home in these scenarios: You are able to refinance your fixed rate home mortgage into a lower fixed rate program, and do it… Read More »

How Much Does It Cost to Refinance?

Many homeowners are considering a mortgage refinance as rates have been on a generally near record lows over the last few years. 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… Read More »

When You Should NOT Refinance Your Mortgage

Home mortgage refinance rates are still low in 2020. 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 may… Read More »

6 Secrets to How a Cash Out Refinance Mortgage Works

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 »

The Essential Refinance Mortgage Loans Guide for New Homeowners

2021 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 4.6%. 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 »

Why 3/1 and 5/1 ARM Mortgage Loans Are so Competitive

America is moving into a longer term higher interest rate environment. You may have noticed a lot of advertisements for hybrid loans like the 3/1 and 5/1 ARM mortgage. In 2020, we have seen mortgage rates fall below 4% and stay there, with rates now in the 3.125% range for a fixed rate, 30-year note.… Read More »

6 Red Flags for Homeowners to Be Wary of Mortgage Refinancing

In 2018, mortgage refinance rates are not nearly as low as they were a few years ago. According to a Zillow report in June 2018, the average mortgage refinance rate for a 30 year, fixed mortgage was 4.75%. With the US economy getting stronger and unemployment low, interest rates have been slowly on the rise.… 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 »

8 Secrets to Securing the Best Deal on Your Next Refinance Mortgage

In 2020, interest rates for refinancing have moved considerably higher, with conventional 30-year mortgage rates in the 2.875% and 3.125% 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… Read More »

Cash Out Refinance Tax Implications

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 $50,000 in equity. With a cash-out refinance, you can access your equity in cash and use it on whatever you like, from home renovations to paying off debt. But be… Read More »

Choosing a VA Streamline to Refinance

Do you already have a VA loan? If you do, then you know what a great benefit you get with a VA refinance loan. But are you aware that now may be the perfect time for you to refinance your VA loan? One of the most popular refinance programs in the country is the VA… Read More »

8 Easy Ways to Save Money Refinancing Your Mortgage

Are you considering a refinance of your mortgage? Interest rates are very low in 2020  but could rise soon, 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 »

Should I Wait for Rates to Drop or Refinance Now?

It is 2020 and interest rates are holding steady near record lows. Is it a good time to refinance your mortgage or should you wait for rates to drop? Well, interest rates for mortgage refinancing are a bit higher than a year ago, but they are still very low. Below is more information about whether… Read More »