If you were prequalified for a mortgage and went out and found your dream home, congratulations – this is an exciting time! If you’re refinancing into a lower interest rate loan, congratulations on that, too! Refinancing is a fantastic way … Continue reading
Category Archives: News
USDA Streamline Refinancing Program and Pilot
If you financed your rural home with a loan guaranteed by the United States Department of Agriculture, refinancing could be relatively straightforward for you – even if you owe more than your home’s current market value. The USDA has two … Continue reading
How Refinancing Effects PMI
If you put less than 20 percent down and purchased your home with a conventional loan, you are probably paying private mortgage insurance. PMI does not insure you against anything. It protects your lender in the event you stop making … Continue reading
3 Things First-Time Homebuyers Should Do
Buying your first home is a thrill. There’s nothing like it. Knowing you will stay put long term and that you can change anything you want – paint the walls, plant a garden, fence the yard. You name it, you … Continue reading
What You Need to Know About Investor Loans
There’s a lot of potential and opportunity in today’s housing market. Prices are just now coming up above their 2006 and 2007 peaks, interest rates are extraordinarily low and the rental market is tight with rising rental rates all over … Continue reading
There Are No Stupid Questions About Refinancing
There’s a lot of chatter out there these days about what a good idea it is to refinance. And it is a great idea for a lot of homeowners. But it’s important to make sure it’s the best idea for … Continue reading
Refinancing When Your Credit Score Improves
If you bought your home in the last several years and your credit score has improved since then, it might be worth looking into refinancing. With today’s record-low interest rates, many borrowers could realize significant saving. If your credit score … Continue reading
Refinancing An Underwater Mortgage
The recent recession has been hard on families, millions of whom lost their jobs, their homes and a lot of opportunity. Even those who made it through and are looking up at better chances now, have probably seen finances dwindle. … Continue reading
What To Expect On Closing Day When Refinancing
If you’re refinancing your home mortgage, you probably remember closing day when you purchased your home. Don’t worry – closing a refinanced loan is much less intense in most cases. Most of the process and paperwork is the same, but … Continue reading
How Do I Know My Closing Costs Are Fair?
What you will pay in closing costs on your new home mortgage or a refinanced loan is one of the most important factors in picking a mortgage company. You want to trust the company you’re working with and feel secure … Continue reading