07
Apr
By Todd Grey
Mortgage, ,

How To Qualify for Refinancing a House

If you want to save money on your mortgage, now might be a great time to refinance. When you refinance your home loan, you replace the existing mortgage with a different one. You can refinance your home to withdraw cash, shorten the term of the loan, or reduce your interest rate. Not everyone can refinance the house, so take a look at a few key rules you need to follow to qualify for a refinance. Have A Mortgage In Solid Standing First, your mortgage must be in solid standing with your lender. If you are behind on your mortgage payments, the lender might not…
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15
Mar
By Todd Grey
Mortgage, ,

What Are The Top Signs You Need To Refinance?

You might have heard that more people are refinancing these days. During the refinancing process, you essentially take your current home loan and replace it with a different one. You can reduce your mortgage payments, shorten the life of your loan, or withdraw cash you can use for other purposes. What are a few of the signs that indicate you should consider refinancing?  You Can Secure A Lower Interest Rate If you think you can secure a lower interest rate on your mortgage, it might be time to refinance. There are a number of reasons why you might be able to…
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25
Feb
By Todd Grey
Mortgage, ,

How Can You Secure A Better Interest Rate When Refinancing Your Home Loan?

If you want to save money on your home loan, you may want to consider refinancing. During the refinancing process, you will replace your existing home loan with a new one; however, you want to secure the lowest interest rate possible. How can you get a better rate on your mortgage during the refinancing process?  Consider Refinancing Your Home Loan To A Shorter Term If you can create less risk for the lender, you can get a lower interest rate. One of the ways to do so is to refinance your home loan to a shorter term. If the average…
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12
Nov
By Todd Grey
Mortgage, ,

What To Know About Property Values and Refinancing

There are many people who are thinking about refinancing their homes. For example, some people may be interested in reducing their monthly payments, while other people may be interested in tapping into the value of the home to fund a home improvement project. What is the relationship between property values and refinancing? There are several important points to keep in mind.  Property Values Tend To Rise First, it is important for homeowners to understand that property values tend to rise during the life of a mortgage. For example, someone may purchase a home valued at $250,000. Then, fifteen years later,…
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28
Jul
By Todd Grey
Mortgage, ,

FHA Cash-Out Refinance – Are You Eligible?

If you have equity in your home, you may wonder how you can access it. You don’t want to sell your home, but you know you’ve earned a profit from it. We have many options to secure your home’s equity, one of which is the FHA cash-out refinance. Unlike the FHA streamline refinance, you don’t have to be a current FHA borrower. As long as you meet the requirements below, you can use an FHA loan to cash into your home’s equity. Qualifying for the FHA Cash-Out Refinance Like an FHA purchase loan, the FHA cash-out refinance has simple requirements:…
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