Conventional Refinance Loans

Conventional Refinance

What is a conventional refinance loan?

Conventional refinance is when you replace your existing home loan with a conventional mortgage. This type of refinance is versatile. You can use it to obtain a lower mortgage rate, get cash-out from your home equity, reduce the length of your loan term, refinance rental properties, or any other purpose. To be eligible, your current loan does not have to be conventional, FHA loans and USDA loans, or any other program can be refinanced with a conventional mortgage. Read More

FHA Refinance Costs and Fees

FHA Refinance Costs and Fees

The fees that FHA charges its borrowers are different depending on the type of refinance loan. The fees for FHA streamline loans used to be significantly less expensive than cash-out or rate-term refinances.  With recent changes, that is no longer the case and the fees are often comparable.  FHA refinance mortgage programs contain two different kinds of mortgage insurance paid on each loan. Read More

FHA Refinance

FHA Refinance

You already own a home, so you’re probably somewhat familiar with the mortgage process. If you’ve never refinanced through FHA you might think that it’s more complicated because you’re involved with a government agency. Read More

FHA Cash-Out Refinance

FHA Cash-Out Refinance

Gain financial freedom: FHA Cash-Out Refinance

With interest rates at current lows, now’s the perfect time to wipe away your high interest debt for a clean start or pay for other expenses such as medical debt, home improvement, student loans or any other major expenses that you need paid. Examples of high interest debt that can be paid: Read More

USDA Refinance Program

USDA Refinance

The USDA Refinance Pilot Program was originally introduced in 2012 to give rural home owners a chance to take advantage of record low interest rates. This pilot program was a success, therefore the program has permanently matured into the USDA Streamline Refinance. Read More

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