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?
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!
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
When to Refinance a Home Mortgage: Now, Later, or Never?
Mortgage Q&A: “When to refinance a home mortgage.” With mortgage rates at or near record lows, you may be wondering if now is a good… Read More »When to Refinance a Home Mortgage: Now, Later, or Never?
Is Refinancing Worth It? Consider the Costs and How Long You’ll Keep the Loan
With mortgage rates at or near record lows, a lot of existing homeowners are probably asking themselves, “Is refinancing worth it?” The problem is there’s… Read More »Is Refinancing Worth It? Consider the Costs and How Long You’ll Keep the Loan
Mortgage Lending Volume Hits Highest Level on Record Despite COVID-19
It makes sense that the mortgage industry would see its best quarter in history during a global pandemic. Okay, it doesn’t make sense, but that’s… Read More »Mortgage Lending Volume Hits Highest Level on Record Despite COVID-19
Beware the New Mortgage Fee Fearmongering
You may have heard there’s a “new mortgage fee.” And you might have been told to hurry up and refinance NOW to avoid said fee.… Read More »Beware the New Mortgage Fee Fearmongering
Fannie Mae and Freddie Mac Mortgage Refinances Just Got More Expensive
Way to rain on our parade, Fannie Mae and Freddie Mac. Just when mortgage rates were hitting record lows, the pair decided to add a… Read More »Fannie Mae and Freddie Mac Mortgage Refinances Just Got More Expensive