Is Now The Time To Refinance Your VA Home Loan?
Ready to refinance? VA home loan refinancing can relieve your financial worries and give you better terms on your mortgage. You could even walk away with cash in your pocket!
Best Ways to use Cash Out Refinancing for Your Home in WA State
WA state residents who have built up equity in their houses have four ways to improve their financial options: taking out a second mortgage, a home equity loan, a home equity line of credit, or simply refinancing the current mortgage -- with or without a cash-out feature. Equity represents wealth. Talk with a mortgage professional about using it wisely.
New Homeowners Fee for Refinancing: Everything Owners Need to Know
As of September 1st, mortgage investors FannieMae and FreddieMac will impose a .50 percent fee on each refinance loan they purchase from lenders. This is to shore up their capital reserves. The cost will be passed to borrowers.
Why Skipping a Payment when Refinancing Is a Misleading Concept
Summary: Because many weeks might elapse between closing on a refinance and making the first payment, some borrowers are led to believe that they "skip" a month of payments. This is false. Because mortgage remittances cover the previous month's interest,…
Low Interest Rates Lead to a Jump in Mortgage Refinancing in WA State
The old maxim "buy low, sell high" is not just a Wall Street mantra. It is actually the aim of every homeowner in Washington state and throughout the U.S. Unless substantially wealthy, most homeowners pay more than the sales price.…