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Pros and Cons to the 15-Year Mortgage

by mylenderjackie | Jul 26, 2017 | Refinance Your Home Loan

Whether you are considering a 15-year mortgage as a first-time loan or as a refinance, there are pros and cons to the setup. Let’s first talk about a brand-new mortgage. Let’s say you are considering a $300,000 loan and a 30-year mortgage. This loan will...

How to Do a Cash-Out Refinance on a Rental

by mylenderjackie | Apr 24, 2017 | Refinance Your Home Loan

You have a rental property. You don’t want to give it up but you do want to refinance it because rates are low and you may have purchased the property when rates were high. Or, you’re just looking to pull some money out of the rental property to either...

Should I Refinance Before Rates Go too High?

by mylenderjackie | Mar 16, 2017 | Refinance Your Home Loan

If you are among the nearly 87 million homeowners in the United States, at some point, you’ve probably thought about refinancing unless you’ve just moved into your new home. Refinancing does a lot of different things, and it all depends on why you are...

How to Get Rid of Mortgage Insurance or a 2nd Mortgage

by mylenderjackie | Mar 6, 2017 | Refinance Your Home Loan

As values have gone up over the past couple of years it might be a good time to look into eliminating your mortgage insurance. If you purchased a home through an FHA loan or other type of mortgage that required mortgage insurance because of a low to zero down payment,...

Mortgage Insurance Reductions – More People Can Afford a Home

by mylenderjackie | Jan 18, 2017 | Refinance Your Home Loan

It’s a great time to refinance, and I’m not just saying that. The proof is in the pudding. Refinances rose 7% in January according to the Mortgage Bankers Association. Mortgage applications increased by 29% the first couple of weeks in January. This is...

Refinancing After Mortgage Modification

by mylenderjackie | Nov 7, 2016 | Refinance Your Home Loan

Refinancing after a mortgage modification is something we get asked about quite frequently. Those that have had a modification to their mortgage have usually done so because they’ve proven to the lender they’ve gone through a financial hardship and can no...
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