Refinance

Fannie Mae High Loan-to-Value Refinance Option (HIRO) Guidelines for 2021

January 1, 2021

Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance

How To Get Rid Of PMI MIP On An FHA Loan | 2021

January 1, 2021

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 […]

FHA Loans · Refinance

FHA Streamline Refinance Rates & Guidelines for 2021

January 1, 2021

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 […]

HARP · News · Refinance

Complete HARP Refinance Rates & Guidelines | Updated for 2021

January 1, 2021

Editor’s Note: The HARP program expired December 31, 2018, and a popular replacement option, the Freddie Mac Enhanced Relief Refinance (FMERR) loan expired September 30, 2019. However, Fannie Mae’s High […]

Conventional Loans · News · Refinance

Conventional Refinance Rates, 2021 Loan Limits and Guidelines

January 1, 2021

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 […]

Refinance

Cash Out Refinance vs HELOC: What’s the difference?

December 14, 2020

A cash out refinance or HELOC (home equity line of credit) lets you turn some of your “equity” into cash. But when you’re choosing between them, you’ll need to consider the specifics of your financial situation.

FHA Loans · Mortgage Strategy · Refinance

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

December 12, 2020

Mortgage interest rates are at historic lows across all major loan types. Ellie Mae’s October 2020 Origination Report showed that FHA loans are no exception — average mortgage interest rates […]

Cash Out Refinance · Refinance

5 Things to Consider Before Your Cash-out Refinance Application

December 12, 2020

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