Categories for Refinance

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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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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Ever Lower Rates Bring out the Serial Refinancers

July 19, 2016 by Leave a comment

Brexit, the British decision to leave the European Union, is the latest unexpected event that’s driving down mortgage interest rates as investors flee Great Britain and European markets for the safety of US Treasury bonds and mortgage-backed securities. Europe’s dilemma is a boon for American homeowners as the uncertainty in Europe took raising rates off... View Article

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5 Tips for Refinancing Your Home With Bad Credit

October 23, 2015 by Leave a comment

If you want to refinance your property, having a poor credit history doesn’t necessarily mean you’ll be ignored by lenders, but applying for a home loan with bad credit can be slightly more complicated than a normal refinance. Taking some time out to review your finances and accepting the inevitable–that you’ll likely have to pay... View Article

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Refinancing Redux: What Happens the Second Time Around?

September 28, 2015 by Leave a comment

Given persistent low-interest rates, some homeowners are asking if it’s worth it to refinance a second time before rates creep back up. Counting all types of refinances, Freddie Mac, the government-sponsored mortgage outfit, says the average loan refinanced in the first quarter of 2015 was about 5.6 years old, and homeowners cashed out a total... View Article

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