Mortgage Refinancing

Will the rest of 2024 be a good time to refinance a home in the state of Washington? Can homeowners benefit from the drop in mortgage rates that occurred at the end of 2023? Those are two of the frequently asked questions we'll be addressing in this mortgage market update for 2024. '

When considering the refinance of a current mortgage, many homeowners choose to wait, anticipating that interest rates will decline further. But rates are higher now than they were last year, and numerous influences can cause them to continue to rise.'

In this article, we'll go through the current refinancing activity market in Portland and across the country and help you determine if now is the right time for you to refinance.'

If you want to save money on interest on your mortgage, you may want to consider refinancing to a lower rate. More specifically, you can refinance your conventional mortgage to an FHA loan if the circumstances warrant it. In this article, we’ll guide you through the process of refinancing from a standard mortgage to an FHA loan.'

So what exactly is a jumbo mortgage? How is it different from a standard mortgage, and what does that mean for your refinancing options? Here’s what you need to know.'

If you’re looking for home refinancing options, you may have had difficulty in the past – especially if you owe more than your home’s value on your mortgage. Getting refinancing consumes much of your home equity, which is in short supply for people who already have a mortgage. But with the government’s extension of the HARP Program, you may now be able to refinance your home with a variety of lenders.'