Why You May Want to Switch Mortgage Companies
Loyalty? Not in the mortgage business. That is, if you actually want to save money on your home loan. A few years back, an HSBC… Read More »Why You May Want to Switch Mortgage Companies
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.
There are many reasons to refinance a mortgage, but it usually boils down to wanting a lower interest rate or the desire to tap home equity.
Those who simply want a lower rate (or a different loan program) go with a rate and term refinance.
And those who want to tap equity go with a cash out refinance, which can also result in a lower mortgage rate if the timing is right!
There is also the streamline refinance, which makes it easier to refinance your home loan thanks to fewer paperwork requirements, even if your property value has declined.
I’ve also written a thorough article on the the mortgage refinance process, step-by-step, which is a must-read as well.
Check out those in-depth articles or browse the latest refinance-related posts below to learn more about the process!
Locking vs. Floating Your Mortgage Rate
To mortgage folk across the country, it’s an age-old question: “Lock or float?” It’s a question loan officers and mortgage brokers get asked on a… Read More »Locking vs. Floating Your Mortgage Rate
18 Reasons to Refinance Your Mortgage
There are many reasons to refinance your mortgage, some obvious and some a bit more obscure and/or different. I figured I’d compile a list of… Read More »18 Reasons to Refinance Your Mortgage
Why Do Mortgage Companies Want You to Refinance So Badly?
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… Read More »Why Do Mortgage Companies Want You to Refinance So Badly?
Does a Refinance Require an Appraisal?
Mortgage Q&A: “Does a refinance require an appraisal?” A reader recently asked if they needed an appraisal to refinance their existing mortgage, knowing they can… Read More »Does a Refinance Require an Appraisal?
What Is a Streamline Refinance?
Mortgage Q&A: “What is a streamline refinance?” While qualifying for a mortgage refinance is generally a lot harder than it has been in the past… Read More »What Is a Streamline Refinance?
Don’t Let Your Current Lender Talk You Out of a Mortgage Refinance
What I’ve seen and heard through the years is certain lenders not being so forthcoming with existing customers wanting to refinance their mortgage. For example,… Read More »Don’t Let Your Current Lender Talk You Out of a Mortgage Refinance
If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders
A lot of homeowners are looking to refinance their mortgages at the moment. That’s abundantly clear based on the record volume of refis expected this… Read More »If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders
An Alternative to Paying Mortgage Points: Just Be a Little ‘Extra’
If and when you take out a mortgage, you’ll be faced with an important choice. To pay or not pay mortgage points. In short, those… Read More »An Alternative to Paying Mortgage Points: Just Be a Little ‘Extra’
Watch Out for Low Mortgage Rates You Have to Pay For
Mortgage rates keep on marching lower and lower, with new records broken seemingly every week. But with all the fervor surrounding mortgage rates, some lenders… Read More »Watch Out for Low Mortgage Rates You Have to Pay For