If you need cash and you have equity in your home, you may automatically turn to the cash-out refinance. Did you know that this isn’t your only option, though? There are other ways you can get the cash you need that don’t involve refinancing your first mortgage.Compare Offers from Several Read more
What to Do if Your Home Loan Application Gets Denied
The last thing you want to hear when you apply for a mortgage is that it’s been denied, but it happens. The good news is that it doesn’t mean it’s the end of the road for you. The bad news is that you have a lot of work ahead of you.Compare Offers from Several Mortgage Lenders. Learn the Read more
Follow These Tips for a Smooth Refinance Closing
You probably remember the stress of closing your home loan when you bought your home. If you are now thinking of refinancing, you’ll go through some of the same stress. While refinancing isn’t as hard as buying a home, you still have some hoops to jump through in order to get your loan.Looking Read more
Mortgage Rate Lock: How Much Does it Cost?
Before you can close on a mortgage, you have to lock in the interest rate. No matter how hesitant you are, at some point you have to be willing to lock it or you can’t close on the loan. Just what is that rate lock going to cost you?Looking for Current Mortgage Interest Rates? Click Read more
Mortgage Loan Process: What Happens After Pre-Approval
Before you shop for a home, it’s a great idea to get pre-approved. This lets sellers and realtors know that you are serious about buying a home. It also lets them know that you can get the financing you need to buy it. Without this letter, some sellers may not entertain your bid. But once you have Read more
Minimum Down Payment Needed for FHA Loan Eligibility
If you can’t come up with a large down payment for a home, you may consider an FHA loan. Because you can qualify for a loan with just 3.5% down, it may be easier to buy the home of your dreams. The FHA makes it easier for first-time homebuyers as well as repeat buyers to buy a home.Looking for Read more
