Refinancing your mortgage is an alternative way of paying off a loan, often a mortgage loan, with lower interest rates and lower payments. Refinancing your mortgage is not simply a second mortgage. It is new money that will help you pay off your original mortgage, but often with better terms. While this probably sounds fantastic, it […]
14 Good Reasons People Refinance Their Homes
Refinancing has grown popular over the years. What this means is that people decide to change their current mortgage. They go to apply for a new mortgage not because they want to move to a new town or a new neighborhood or a new house. They want to stay in the same town, in the same […]
Why Bother Refinancing – Series
There are many articles being written right now that are highlighting the fact that interest rates are at all-time lows but homeowners are not making application for new mortgages at as high of numbers as one might think. The reasons given for this are many and varied: Homeowners don’t believe they can refinance because the […]
FHA Guidelines for Refinancing and Loan Programs
The FHA refinancing guidelines have been modified to make some of the FHA rules clearer to people. It has been done in order to make some regulations stricter. Some changes have been done to modify the streamline refinance plan and are a noncredit qualifying refinance mortgage plan. The main reason for applying for the FHA […]
Would Refinancing My Home Be Worth it?
There is no question that the housing market at the moment is a buyer’s market. As the economy recovers from harsh times, those looking to purchase a home can find better interest rates than in the past. According to Bankrate.com, it is not uncommon to find an interest rate of 3.85% on a 30 year […]