Refinance · Understanding Mortgages

A Single Mom’s Guide to Refinancing

September 24, 2019

Refinancing can mean lower payments, less total interest costs over the life of the loan, and possibly some extra cash for home improvements. Currently, interest rates are at historic lows […]

Refinance · Understanding Mortgages

Home Equity Line of Credit (HELOC): What You Need to Know

August 30, 2019

With home values rising in most areas of the country, many homeowners are interested in a home equity line of credit to access cash — especially to fund remodel projects […]

Cash Out Refinance · Refinance

5 Things to Consider Before Your Cash-out Refinance Application

August 27, 2019

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 · Mortgage Strategy · Refinance

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

August 7, 2019

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

Cash Out Refinance · Refinance · Understanding Mortgages

The Best Ways to Finance a Pool

June 25, 2019

Many homeowners dream of having their own swimming pools, especially after the heat of summer settles in. But after checking the price tag, a lot of would-be pool owners give […]

Refinance

Fannie Mae High Loan-to-Value Refinance Option (HLRO) Guidelines for 2019

June 3, 2019

Refinance

Freddie Mac Enhanced Relief Refinance (FMERR) Guidelines for 2019

April 19, 2019

Editor’s Note: The FMERR Program expired September 30, 2019. However, Fannie Mae’s High LTV Refinance Option (HLRO) currently has no expiration date. Similar to FMERR, it’s a great loan option […]

FHA Loans · Refinance

FHA Cash-Out Refinance: Access Your Home Equity

March 5, 2019

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? […]