Refinance Mortgage Guide
Our Refinance Mortgage Guide is a complete series of articles covering in depth the whole process of refinancing a mortgage
What is the mortgage refinancing process?
The mortgage process of a home loan is widely overlooked in the decision in selecting a mortgage lender. Every borrower has their own set of circumstances that can prolong or expedite the loan processing. So if you have a friend that closed in 2 weeks but another that closed in 6 weeks, you may wonder why the difference? You really cannot compare with others since again, every situation can be different.
- Online Mortgage Quote
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- Refinancing With the Same Lender? Dont Expect a Break from Paperwork
You like the idea of lowering your mortgage loan's interest rate through a refinance. But you...
- Refinancing Your Home: Know the Process
(Updated November 2014)
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- Understanding Different Types of Mortgage Lenders
One of the most confusing parts of the mortgage process can be figuring out all the different kinds...
- Getting the Lowest Mortgage Rates
Everyone wants to get the lowest possible mortgage rate - so how do you go about getting it?
<...> - Mortgage Rates: Understand the Fine Print
(Updated November 2014)
The act of closing on a mortgage yields a dizzying array of doc... - Can't Get a Mortgage? Think Small (Banks)
In the middle of a credit crunch, there's a mortgage boom going on.
Overall lendin... - Simplified Mortgage Forms Coming
Mortgage borrowers will be getting simplified and more streamlined disclosures spelling out the term...
- Your Commitment Letter: Firm or Conditional?
Knowing whether your commitment letter is firm or conditional can spare you from some ugly surprises...
- Reduce Refinancing Closing Costs
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- Refinance Alternative: Mortgage Recast
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Related Topics
- Options for Refinancing an FHA Mortgage in 2021
Are you a homeowner with a current Federal Housing Administration (FHA) loan? If so, there are optio...
- Refinance a Jumbo to a Conventional Mortgage - 2021 Loan Rate Savings
Good news for Jumbo mortgage holders! If you have a current mortgage balance under $548,000 most lik...
- Home Refinance 2021 Costs vs. Benefits | Conventional Mortgage
Before you decide to do a home refinance, evaluate the benefits vs. the closing costs to make sure y...
What are mortgage refinancing closing costs?
Refinance related fees normally include: Application fees, appraisal fees, title insurance fees, origination fees, discount point fees, attorney fees, flood certification fees, and recording fees.
Find out what the lenders closing costs will be to determine whether refinancing will be worth it. Get it in writing by requesting a Loan Estimate (LE) from the lender. These costs can be reduced for a streamline refinance.
- Options for Refinancing an FHA Mortgage in 2021
Are you a homeowner with a current Federal Housing Administration (FHA) loan? If so, there are optio...
- Refinance Breakeven Calculator
Refinance Break-Even Calculator Overview
So when is it worthwhile to refinance your mortgage? ... - Mortgage Rates: Understand the Fine Print
(Updated November 2014)
The act of closing on a mortgage yields a dizzying array of doc... - Figuring Out if You Should Refinace Your Mortgage
It's not a question with a simple answer. Whether or not refinancing makes sense for you will d...
- No-Cost Refinance Mortgage Loan - No-Fee Refinancing
The no-free-lunch rule applies to mortgages, even those that call themselves no cost mortgage refina...
What are current mortgage refinance rates?
The ultimate question you want answered is what are the current mortgage rates? You should be aware that interest rates can change at any time even during the course of one day. If you have already selected a home loan lender and like the rate they are offering, then ask them about rate lock options. Make sure, if you plan on doing a mortgage rate lock agreement, that you get that in writing from your loan officer and lender. And verify that the rate and program you want is still in effect. Again rates can change even hourly.
- Compare Mortgage and Refinance National Rates
Reader-friendly guide to mortgage rates
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- How Do Credit Scores Affect Mortgage Interest Rates?
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- Rate Lock vs. Float Down – Which to Choose?
With mortgage rates jumping around the way they have been lately, many borrowers are reluctant to co...
Determine reasons and goals for considering refinancing
Determining your reasons for refinancing will help guide you to a home loan lender who is best suited for the goals you wish to accomplish. And speaking with an experienced loan officer that understands your financial profile and goals, may translate into additional benefits you have not considered.
- 8 reasons to refinance your mortgage
With home loan interest rates seeming to hit lows often, it can be maddening for homeowners who want...
- How Your FICO Credit Score Works
Everyone knows that you need a good credit score to qualify for a mortgage and get the best interest...
- FHA Mortgage Insurance: An Overview
(Updated February 2015)
On the strength of renewed federal support, the FHA is poi... - What is PMI/Mortgage Insurance?
If you're a first-time homebuyer, you're probably going to run into something called mortg...
Gather your refinance documentation needed for faster approval
A little effort can go a long ways for a faster approval. Locate your home purchase package that you received at the closing. This will contain some helpful paper work for your lender. You may be eligible for a credit by providing your current Title Insurance policy,
Lenders can vary on what they require, especially once they have evaluated all your information. You may be eligible for a streamline refinance which would speed up the process and reduce the documentation required. But by having the financial documentation put together, you should be covered for any mortgage lender.
- Mortgage Refinancing for the Self-Employed
(Updated November 2014)
America is a country that applauds its entrepreneurs, although... - Tips For Saving On Title Insurance
Understand title insurance before you buy your next home and save yourself money and aggravation.
- Getting the Best Deal on Homeowners Insurance
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- Learn About Streamline Refinancing
(Updated February 2015)
An FHA or VA streamline refinance can reduce the payments o... - Streamline Refinancing
A VA or FHA streamline refinance can reduce the payments on your mortgage, fast.
Review scenarios & numbers with a mortgage refinance calculator
Some homeowners enjoy crunching numbers and exploring scenarios themselves. Yet others prefer to have a loan officer do this for them.
- Mortgage Amortization Calculator and Schedule Loan Calculator
Amortization Schedule Calculator Overview
A mortgage amortization schedule lets a borrower see... - Mortgage comparison Calculator: 15 years vs. 30 years
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- Refinance Calculator
About Mortgage Refinancing
Most homebuyers who take out a 30-year mortgage eventually end up r... - How does a cash-out refinance work?
A cash-out refinance is a way to both refinance your mortgage and borrow money at the same time. You...
Shop & compare home loan refinance lenders
Just like you would shop for a good Realtor that will have your best interest at heart, the same is true shopping and comparing lenders. It really is simple if you go with the basics: Communication, honestly, written proposals, researching them online, reviews, referrals and testimonials. Ask the loan officer for 3 referrals from their past customers. Instincts work well for most people in decision making and selecting a lender loan officer, but some are good actors.
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- 10 Mistakes to Avoid When Refinancing a Mortgage
With mortgage interest rates as low as they are right now, homeowners can save a lot of money by ref...