FHA Loans · Refinance

FHA Cash-Out Refinance: Access Your Home Equity

March 5, 2020

Editor’s note: Starting September 1, 2019, HUD, the administrator of FHA loans, reduced the maximum FHA cash-out refinance loan-to-value to 80%, down from 85%.  What is an FHA cash-out refinance? […]

FHA Loans · Mortgage Strategy · Refinance

FHA Streamline Refinance: Negotiate Zero Out-of-Pocket Closing Costs

March 5, 2020

Mortgage interest rates are at historic lows across all major loan types. Ellie Mae’s January Origination Report stated FHA loans are no exception — average mortgage interest rates decreased to […]

Conventional Loans · News · Refinance

Conventional Refinance Rates, 2020 Loan Limits and Guidelines

March 5, 2020

A conventional refinance is the loan of choice for many homeowners in today’s market. While HARP and FHA have dominated the refinance market in years past, the standard conventional refinance is becoming […]

Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance

Cancel your FHA Mortgage Insurance Today

March 2, 2020

An FHA loan sounded like a good idea at the time. Now, not so much. That’s what many FHA home buyers are saying. The reason: high mortgage insurance premiums, month […]

Cash Out Refinance · Refinance

5 Things to Consider Before Your Cash-out Refinance Application

February 20, 2020

On the surface, applying for a cash-out refinance mortgage sounds like a no-brainer. You may be able to lower your interest rate, plus you walk away with some cash. But, […]

FHA Loans · Refinance

FHA Streamline Refinance Rates & Guidelines for 2020

February 19, 2020

The FHA streamline refinance program helps current FHA homeowners lower their interest rate and monthly payment — it’s a quick and cost-effective way to refinance with lenient documentation requirements and […]

Refinance

Fannie Mae High Loan-to-Value Refinance Option (HIRO) Guidelines for 2020

February 18, 2020

FHA Loans · Mortgage Rates · Refinance

FHA Loans Getting Approved At High Clip

February 12, 2020

FHA loans closed at the highest clip in the past 18 months. Over 74.2 percent of FHA loans closed in the month of December, up from about 74 percent in […]