Refinancing a mortgage is a process that involves paying off a current mortgage loan and replacing it with a new mortgage loan. While refinancing is a big decision, there are several reasons why … [Read more...]
FHFA Refinance Program Could Save Homeowners Hundreds Every Month
The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac will soon offer a new refinance program for low-income borrowers. Eligible borrowers will have access to a … [Read more...]
New 0.5% Refinancing Fee by Fannie Mae and Freddie Mac
The FHFA implemented a surcharge on certain refinance loans on December 1st, 2020. This new 0.5% refinancing fee by Fannie Mae and Freddie Mac will amount to 0.5% of the principal loan … [Read more...]
Refinancing Your Mortgage Could Save You Money
Mortgage refinancing is the process of paying off your existing mortgage with a new mortgage. You are essentially replacing the original loan with a new loan, typically at a lower interest rate. With … [Read more...]
Tampa Ranked Among Top 25 Cities for Cash-Out Refinance Mortgages
Cash-out refinance mortgages are used by homeowners and investors to tap into their home equity when renovating, purchasing a second home, consolidating debt, or to accomplish numerous other financial … [Read more...]
6 Money-Saving Reasons To Refinance Your Mortgage
In the last several weeks we have seen a definite increase in consumers questioning whether they should refinance their mortgage. With interest rates remaining low and changes in mortgage insurance … [Read more...]
3 Types of FHA Streamline Refinances To Lower Your Monthly Mortgage Payment With A Reduced Mortgage Insurance Rate
Since FHA announced the recent reduction in the monthly mortgage insurance rate, the FHA Streamline Refinance has become a popular product for mortgage refinances because of the savings to … [Read more...]
Save Thousands with FHA’s Reduced Mortgage Insurance Premiums
You could save thousands on your FHA mortgage by refinancing to take advantage of FHA's lower mortgage insurance premiums. Lower FHA Mortgage Insurance Premiums In January of this year, FHA (Federal … [Read more...]
Millions of U.S. Homeowners are “In The Money” to Refinance as Interest Rates Approach 2 Year Lows
With mortgage rates approaching a two-year low, many Americans are "in the money" to refinance and save thousands of dollars. 1% Lower Interest Rate Saves Thousands It's amazing the amount of money … [Read more...]
Cash-Out Refinancing, Recent Changes, and Evaluating Other Options
Cash-Out Refinancing is a refinance transaction in which the borrower takes out cash beyond the balance of the existing loan. The additional cash can be used for a variety of purposes such as … [Read more...]
