refinance

Homeowners commonly choose to refinance for a variety of good reasons. Mostly, it is to score better mortgage terms–whether it is to lower your interest rate, shorten your term, remove mortgage insurance or any other personal benefit. According to recent news, refinances have been in high demand lately. THE HIGH DEMAND FOR REFINANCING Ellie Mae recently released the latest Origination Insight Report showi...

Refinancing home mortgages have been gaining popularity among homeowners. While mortgage rates continue to rise, it’s not surprising to get tempted to refinance a mortgage at some point. But then this move is only beneficial for certain situations. Before making a decision, it’s important to consider a few things. You need to ask yourself if your current situation calls for a refinance and that if it’s ...

Refinance options are depleting, and lenders are more concerned with how well your mortgage performs. Qualifying for a mortgage refinance these days are a lot harder than it has been in the past because of limited options. Some lenders offer a streamlined alternative to borrowers to help lower their costs and to make refinancing more accessible for them. Some banks offer their own streamline refinance programs...

You already purchased your home, but now you want to refinance. Whether you need to tap into the equity in your home or lower your interest rate, you need the help of several professionals. Of course, you need a lender to provide you with the loan, but you also need a title company. The title agent plays several roles in the refinancing process. Even though you don’t need anyone to hold escrow or create an o...

You probably remember the stress of closing your home loan when you bought your home. If you are now thinking of refinancing, you’ll go through some of the same stress. While refinancing isn’t as hard as buying a home, you still have some hoops to jump through in order to get your loan. Looking for Current Mortgage Interest Rates? Click Here. Keep reading to learn the top tips for a smooth refinance clo...

If you have a VA loan now, you may have a way to refinance it even if you have bad credit. Compare Offers from Several Mortgage Lenders. Typically, lenders require you to have a minimum credit score in order to qualify for a refinance. It makes sense since the lender needs to decrease their risk of default. But with the VA streamline refinance, the VA doesn’t require lenders to verify your credit score, home ...

Filing for Chapter 13 Bankruptcy does not mean that you are ineligible for new credit. This form of bankruptcy allows you to keep personal property and even the debts you have. The program simply restructures the debts so that you can pay them off within the next 3 to 5 years. There are a few loan programs you can apply for a few years after filing for Chapter 13 bankruptcy, but FHA loans only require that you ...

One primary requirement for any HECM refinance is meeting the refinance benefit factor. Simply put, your benefit from the refinancing should be five times more than the costs associated with the refinance. Refinancing your existing Home Equity Conversion Mortgage can be costly and would thus not make sense if these costs outweigh the benefits. So, let’s go over the pertinent costs and fees associated with an ...

Timing is everything. This is especially true for refinancing mortgages whose decrease in rates can spell a difference in savings (monthly mortgage payments). And there is no limit as to how many times you can refinance your existing mortgage. There is no rule or regulation governing the frequency for refinancing. So if you have refinanced your mortgage once, you can do it again and again. DOING REFINANCE RIGHT...

Have you ever thought of refinancing your home equity loan? It’s not a common practice, but it can definitely have some benefits. Because your home equity loan might change over time, you may want to reevaluate your situation to see if you should consider refinancing your home equity loan. Looking for Current Mortgage Interest Rates? Click Here. Keep reading to learn the top reasons you may want to think abou...