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…
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!
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
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
How to Get Cash Out of Your Home in a Rising Rate Environment
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… Read More »How to Get Cash Out of Your Home in a Rising Rate Environment
There Are Still Nearly 90,000 Borrowers Who Could Benefit from a HARP Refinance
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… Read More »There Are Still Nearly 90,000 Borrowers Who Could Benefit from a HARP Refinance
Why Don’t More People with High-Rate Mortgages Refinance?
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… Read More »Why Don’t More People with High-Rate Mortgages Refinance?
125% Second Mortgages Are Back Again…
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,… Read More »125% Second Mortgages Are Back Again…
Purchase Applications Grab Majority Share of Mortgage Market in July as Refinances Fade Away
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… Read More »Purchase Applications Grab Majority Share of Mortgage Market in July as Refinances Fade Away
The LendingTree Mortgage Negotiator Makes Home Loan Shopping Anonymous
Everyone’s heard of the Priceline Negotiator, but what about LendingTree Mortgage Negotiator? I hadn’t heard about it until last week, when a commercial popped up… Read More »The LendingTree Mortgage Negotiator Makes Home Loan Shopping Anonymous