Refinance

Everything you’ve ever wanted to know about refinancing a mortgage.

The Cash Out Refi Share Is Above 80%, But There’s a Catch

The Cash Out Refi Share Is Above 80%, But There’s a Catch
November 27, 2018 No Comments »

While it would appear that borrowers are using their homes as ATMs again, it’s a bit misleading. Yes, the share of home mortgage refinances that resulted in cash out rose above 80% in the third quarter, per Freddie Mac data, ... Read More »

Can I Lower My Mortgage Interest Rate Without Refinancing?

Can I Lower My Mortgage Interest Rate Without Refinancing?
November 16, 2018 No Comments »

Here’s an interesting one. Is it possible to snag a lower mortgage rate without refinancing? While it’s not all that difficult to refinance a home loan, it does take a bit of time and energy, and you generally need to ... Read More »

How to Get Cash Out of Your Home in a Rising Rate Environment

How to Get Cash Out of Your Home in a Rising Rate Environment
September 27, 2018 No Comments »

In a perfect world, you could tap into your home equity and lower your mortgage interest rate at the same time. But because interest rates rise and fall over time, this simply won’t always be the case for homeowners in ... Read More »

There Are Still Nearly 90,000 Borrowers Who Could Benefit from a HARP Refinance

There Are Still Nearly 90,000 Borrowers Who Could Benefit from a HARP Refinance
February 19, 2018 No Comments »

Before mortgage rates began their recent upward trajectory to start off 2018, quite a few mortgage refinances squeaked through the door. Some 446,295 refinances were completed by Fannie Mae and Freddie Mac in the fourth quarter of 2017, up considerably ... Read More »

Why Don’t More People with High-Rate Mortgages Refinance?

Why Don’t More People with High-Rate Mortgages Refinance?
September 29, 2016 1 Comment »

If you have a mortgage, you’ve undoubtedly had some company urge you to refinance, especially right now with mortgage rates being as low as they are. And hey, the bank or lender probably has a point if you received your ... Read More »

Why Do Mortgage Companies Want You to Refinance So Badly?

Why Do Mortgage Companies Want You to Refinance So Badly?
November 3, 2015 No Comments »

If you already have a mortgage, there’s a good chance you receive junk mail on a regular basis urging you to refinance. You may receive solicitations from both your current bank and from a competing lender or mortgage broker looking ... Read More »

The FHFA Just Launched a National Campaign for HARP Four Years After the Program Was Created

The FHFA Just Launched a National Campaign for HARP Four Years After the Program Was Created
September 23, 2013 1 Comment »

This morning the FHFA launched a national campaign to educate homeowners about the Home Affordable Refinance Program (HARP). While that sounds like a sensible move to promote the underwater refinancing program, it comes four years after the initiative was originally ... Read More »

Mortgage Lending Surged 38% in 2012 on Refinance Strength

Mortgage Lending Surged 38% in 2012 on Refinance Strength
September 18, 2013 1 Comment »

Last year was a great year to be a loan originator. Next year probably not so much. This year, we’ll see. In 2012, residential mortgage lending increased by an impressive 38%, compared to volume seen a year earlier, according to ... Read More »

125% Second Mortgages Are Back Again…

125% Second Mortgages Are Back Again…
September 5, 2013 5 Comments »

It feels like we’re getting dangerously close to repeating history in the worst way possible. High-risk loan programs that seemed extinct were perhaps only endangered, as evidenced by a new product launch over at CashCall, an Orange County based company ... Read More »

Purchase Applications Grab Majority Share of Mortgage Market in July as Refinances Fade Away

Purchase Applications Grab Majority Share of Mortgage Market in July as Refinances Fade Away
August 22, 2013 No Comments »

There’s been a lot of fuss about the refinance market drying up lately, and we now know it’s not just noise. Last month, purchase-money mortgages gobbled up the majority share of the overall mortgage market, according to the latest Origination ... Read More »