Veterans need to be on the lookout for mortgage refinance scams involving Veterans Administration mortgages. According to Ginnie Mae, vets are being lured into repeatedly refinancing their homes –...
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As home values skyrocketed in the last few years, homeowners have enjoyed a major perk: more equity. Equity is your current home value minus what you owe on your mortgage. For many homeowners, their equity has seen a significant jump. That’s good news for homeowners hoping to refinance. Since it’s very hard to refi without equity (read: impossible with most loan programs), people will need to leverage the part of their home that they own outright to get into a new home loan. That refinance means paying closing costs, but a refi can benefit ...
The surge in applications was driven by Veterans Affairs (VA) refinance applicants, the Mortgage Bankers Association (MBA) reported. One reason why homeowners could have been in a haste to...
Here's how to find the best mortgage refinance company to help you lower your interest rate or reduce your monthly loan payment.
A mortgage refinance involves replacing your original mortgage loan with a new one. Find out how a refinance works and whether it's a good idea right now.
In a refinance, where a new VA loan is created, veterans may borrow up to 100% of a property... nor mortgage insurance. Veterans may be exempt from paying the funding fee, or receive a...
Thinking of refinancing? Use these tools and advice to determine if a mortgage refinance is right for you.
As a homeowner, refinancing a mortgage loan can be an important financial decision. Whether you’re looking to lower your monthly mortgage payment or take cash out against your home’s equity, applying for a refinance can help you reach certain milestones and achieve your personal goals. With that said, you might not know which type of refinancing will best suit your needs. To decide between the primary types of refinance options, you’ll want to consider factors like your current mortgage type, your home’s value, your existing loan balanc ...
Veterans’ Mortgage Life Insurance (VMLI) offers mortgage protection insurance to the families of Veterans with severe service-connected disabilities who’ve adapted a home to fit their needs. Find o...