How to Refinance the Mortgage on a Rental Property
Refinancing an investment rental property is very similar to the refinance of a primary first home that you live in most of the time. There is one big difference though: you will need to document the proof of your rental income. In the eyes of a mortgage lender, a...
New Mortgage Refinance Could Help Millions of Homeowners
There is a new mortgage refinance program being launched shortly by the U.S. government. Eligible borrowers will be able to refinance their current mortgages at a lower interest rate and lower their monthly house payments beginning in the summer of 2021. This new...
What Does the New Refinance Fee Mean for Borrowers?
The Federal Housing Finance Agency “adverse market” half percent fee on a majority of mortgage refinances officially went into effect on December 1, 2020. For those already in the process of refinancing this fee has been built into your refinance rate. If you are...
Is Refinancing from an FHA Loan to a Conventional Loan an Good Idea?
With Interest rates remaining at historic lows, some homeowners with FHA loans are considering switching over to a conventional loan. Switching can bring some positive changes like a lower payment, less interest, and the chance to get rid of mortgage insurance. In...
Can Cash-Out Refinances Help Reduce Debt?
If you have mounting debts that you are struggling to pay off and feel like you will never get beyond just paying the high interest, you may be looking for ways to help pay the debt down. One option some people look into is a cash-out refinance. When you opt for a...
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