Categories for Borrower Tips

New Refinancing Program Helps Low-Equitied Homeowners

October 26, 2016 by Leave a comment

There are some changes in store for homeowners looking to refinance with high loan -to-value (or LTV) ratios. At the end of 2017, the Federal Housing administration plans to launch a new refinance program. But first, they’ve extended the popular Home Affordable Refinance Program (HARP)–which was created to for homeowners who owe more than their home... View Article

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What’s the Difference Between a Mortgage Broker and a Lender?

September 15, 2016 by Leave a comment

There’s more than one way to get a mortgage. While most borrowers end up going straight to a lender these days, another option—going through a broker—is still fairly popular. Of course, plenty of borrowers aren’t exactly sure of the difference between a broker and a lender, even after they’ve already made their choice. Here’s some... View Article

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Why More Homeowners are Refinancing to Shorten Their Terms

August 17, 2016 by Leave a comment

Most people refinance for one of three reasons: Reduce their interest rate Reduce their monthly payment Convert some of their equity into cash Recently, however, equity has built up in millions of homeowners’ properties thanks to three years of rising home values. This has lead to an incread many owners are also using equity to... View Article

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