Mortgage Rates vs. Fed Announcements
File this one under “no correlation,” despite a flood of news articles claiming the Fed’s rate cut directly impacts mortgage rates. Today, the Fed cut… Read More »Mortgage Rates vs. Fed Announcements
Refinance
Everything you’ve ever wanted to know about refinancing a mortgage, which is essentially replacing your dusty old home loan with a brand new shiny one.
Quontic Bank Launches No Doc Streamline Mortgage Refinance
Quontic Bank, which bills itself as an “adaptive digital bank,” has launched what they refer to as a “first of its kind” no doc home… Read More »Quontic Bank Launches No Doc Streamline Mortgage Refinance
AmeriSave Mortgage Review: Pioneer of the Digital Mortgage?
While perhaps not a major household name yet, there’s a good chance you’ll stumble upon AmeriSave if actively shopping your home loan. They have quite… Read More »AmeriSave Mortgage Review: Pioneer of the Digital Mortgage?
Lender Credits: The Opposite of Paying Points on Your Mortgage
Mortgage Q&A: “What is a lender credit?” If you’ve recently been shopping mortgage rates, whether for a new home purchase or a mortgage refinance, you’ve… Read More »Lender Credits: The Opposite of Paying Points on Your Mortgage
You Can Refinance a Mortgage with Bad Credit, However…
For some reason, folks always want to know if you can do X, Y, and Z with bad credit. Which begs the question, why not… Read More »You Can Refinance a Mortgage with Bad Credit, However…
Figure Review: The Fastest Way to Tap Home Equity?
I received a letter in the mail the other day from a fintech company called “Figure” that claims it can approve me for a home… Read More »Figure Review: The Fastest Way to Tap Home Equity?
There Is No Mortgage Trick
Over the years, I’ve seen tons of ads and articles about a so-called “mortgage trick,” only to click on the associated hyperlink and see nothing… Read More »There Is No Mortgage Trick
Homeowners with Year-Old Mortgages Are Refinancing Like Crazy
A new report from Black Knight revealed that prepayment activity (early payoff of a mortgage) has been surging thanks to the precipitous drop in mortgage… Read More »Homeowners with Year-Old Mortgages Are Refinancing Like Crazy
How Soon Can You Refinance a Mortgage? Know the Waiting Periods
Mortgage Q&A: “How soon can I refinance my mortgage?” With mortgage rates marching toward new all-time lows again, a lot of recent home buyers are… Read More »How Soon Can You Refinance a Mortgage? Know the Waiting Periods
The Cash Out Refi Share Is Above 80%, But There’s a Catch
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… Read More »The Cash Out Refi Share Is Above 80%, But There’s a Catch