Refinancing comes with costs, we all know that. But did you know that there are ways to lower the mortgage refinance fees to make them more affordable? If you know that refinancing your mortgage will help you save money in the long run, it is worth learning how to lower your closing costs to help Read more
Alternatives to a Cash-Out Refinance
You need cash, but you aren’t sure you want to refinance your first mortgage. Is the cash-out refinance the only way to get the cash you need?Looking for Current Mortgage Interest Rates? Click Here.Luckily, there are other ways you can get your hands on some cash. Some of the options may be Read more
Minimum Home Equity Needed for a Mortgage Refinance
It is an age-old question – how much home equity do you need to secure a refinance? The answer is not as simple as the question, though. It depends on the program you choose. The parameters are different for FHA, VA, conventional and subprime loans. Here we will look at each program to give you an Read more
Can You Obtain a No Cost Mortgage With a Refinance?
Refinancing a mortgage costs money. The lender needs to pay third parties for various services as well as use its own resources to fund your loan. In order to compensate for the costs involved, they charge you closing costs. Because there is not a seller to help pay these costs as there is with a Read more
What Happens to My Existing Escrow Funds When I Refinance?
There is more to your mortgage payment than just the principal and interest – you also pay real estate taxes and homeowner’s insurance. If this is your first loan or you just opted to have the lender handle your real estate tax and homeowner’s insurance payments, you have an escrow account. This Read more
