A Cash Out Refinance is a great way to tap into your home equity to get cash out and put it towards debt or home improvement.
There is a misconception with several details about the mortgage industry and we are here to bust them!
Whether you are in looking to purchase or refinance, it is always important to understand the vocabulary that is used throughout the entire process.
Purchasing a home should be a very exciting time, so make sure your experience goes as smoothly as possible by avoiding these six mistakes.
Many people go through financial hardships and when that happens, they always wonder when it is the right time to borrow again. Here are the guidelines for each agency regarding foreclosures and short sales.
So, you are wanting to buy a home, but there is one thing hanging over your head – the troubles of saving for a 20% down payment.
Any loan with less than 20% equity will have some sort of mortgage insurance paid monthly.
Now that we have an overall understanding of FHA and VA loans, let’s dig in to FHA Streamline and VA IRRRL.
Let’s get to what you came here for. Debt consolidation is a common type of refinance. Essentially this is when a borrower trades in their old mortgage for a new one that includes a piece of their home equity to be used for paying off other bills.
Fannie Mae and Freddie Mac are quazi-government owned entities that play a huge role in the mortgage industry.
Lower interest rates and low margins with no lender or origination fees.