New Fannie/Freddie Refinance Option Drops Adverse Market Fee, Offers $500 Appraisal Credit

In an effort to undo some of the damage the Federal Housing Finance Agency (FHFA) basically caused itself, it’s throwing a bone to so-called low-income families to save on their mortgage. It all spurs from the adverse market fee the very same agency implemented back in August 2020 to contend with heightened losses related to… Read More »New Fannie/Freddie Refinance Option Drops Adverse Market Fee, Offers $500 Appraisal Credit

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How to Lower Your Mortgage Rate Without Refinancing

Here’s an interesting one. Is it possible to snag a lower mortgage rate without refinancing? While it’s not all that difficult to refinance a home loan, it does take a bit of time and energy, and you generally need to qualify for the thing. Not everyone qualifies for a mortgage for one reason or another,… Read More »How to Lower Your Mortgage Rate Without Refinancing

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Only 22% of Homeowners Refinanced Over the Past Year: Here’s Why

A new survey from home valuation and real estate listing company Zillow revealed that just 22% of homeowners refinanced their mortgages over the past 12 months. While that might sound like a decent percentage, it comes at a time when mortgage rates have never been lower. Zillow pointed out that 30-year fixed mortgage rates dropped… Read More »Only 22% of Homeowners Refinanced Over the Past Year: Here’s Why

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10 Big Mortgage Myths Proved Wrong, Once and For All

These days, the world is full of misinformation. Let’s put some common mortgage myths to bed once and for all so you don’t inadvertently miss out on becoming a homeowner. After all, property owners tend to acquire a lot more wealth than renters, so why let these falsehoods stand in your way? You Need Perfect… Read More »10 Big Mortgage Myths Proved Wrong, Once and For All

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How Does Mortgage Refinancing Work? Do You Want a Lower Rate or Cash Back?

Trade In Your Old Home Loan for a New One Fundamental mortgage Q&A: “How does mortgage refinancing work?” When you refinance a mortgage, you trade in your old home loan for a new one in order to get a lower interest rate, cash out of your home, or to switch loan programs. In the process,… Read More »How Does Mortgage Refinancing Work? Do You Want a Lower Rate or Cash Back?

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FHA-to-Conventional Refinance: How to Drop Mortgage Insurance Once and For All

While refinance applications seem to be slowing, there are still some good reasons to refinance your mortgage, even if interest rates aren’t currently at their best. First off, let me preface this with the fact that mortgage rates are spectacular. Yes, the 30-year fixed used to be in the mid-2% range, but a rate of… Read More »FHA-to-Conventional Refinance: How to Drop Mortgage Insurance Once and For All

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18 Reasons to Refinance Your Mortgage

There are many reasons to refinance your mortgage, some obvious and some a bit more obscure and/or different. I figured I’d compile a list of the many reasons I can think of to refinance. Some of the situations are complete opposites of one another and will depend on your unique financial goals and/or risk appetite. [&hellip

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10 Reasons Why You Can’t Refinance Your Mortgage

With mortgage rates so low, just about everyone and their mother has at least inquired about refinancing their mortgage lately, whether it’s to obtain a lower interest rate and/or tap into their newfound equity. There are actually many reasons to refinance a mortgage, some you may have never considered, so it’s important to ensure you’re [&hellip

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