Whether you are ready to refinance or considering it, the steps you should take are the same. You need to…
Tag: mortgage refinance
It’s a new housing market, a new lending environment and a new economy. Keeping that in mind, it makes sense that new types of mortgages are popping up all over the place. Some of the innovative new mortgage options that are available to borrowers include the 40-year mortgage, hybrid mortgage, mortgage modification and the YOURgage. Find out what these options are and how they might benefit you.
In part one of this series, we discussed some of the new realities of mortgage refinancing in an interview with Quicken Loans Vice President and mortgage industry veteran, Stephen Luigi Piazza. The discussion continues here in part two, with more tips and trends that homeowners should know about if they want to refinance their mortgage today.
With mortgage rates at record lows, many homeowners are looking to refinance their mortgages to save money on their monthly payments and/or pay off their mortgages faster. But what do people need to expect if they want to refinance? Is it still possible to get a home loan? Do you need a perfect credit score? What does it take to qualify, and what options do borrowers have for structuring their new loans?
Whether you’re interested in lowering your mortgage rate, or you’d like to shorten your loan’s term, refinancing your mortgage can mean big savings for you… or it might not be worth it, depending on your personal situation. Find out how to decide whether you should refinance.
Whether you are looking to refinance your home loan or simply clean up your credit, costs and payments associated with your home carry greater weight when it comes to your credit score than other types of financing. Discover at least ways five ways you can improve your credit or keep your score soaring high – and how they relate to your home.
While it is typically not the American dream to get into debt, it can be a dream come true to finally dig yourself out of debt. Learn three ways that Americans may be able to beat the debt monster once and for all. The three areas include a mortgage refinance, credit card balance transfers and paying off federal student loans.
If you’re planning to buy a new home, there are a few things you can do to save yourself a bundle of money before even walking into your first open house. By positioning yourself to get the lowest interest rate on your home loan, you can save thousands of dollars over the life of the mortgage. We show you how to do it.
Not sure what it takes to get a home loan today? Home Loan Expert, Eric Ehrhardt, covers the most important basics – credit, equity, income and assets – so when you’re ready to buy your dream home or refinance your existing home, you’ll have everything you need to qualify and move through the mortgage process with ease.
When it comes to home financing these days, having good credit and specifically, a good payment history on your mortgage or apartment, is super important. So before you apply for your next home loan, let’s discuss what lenders and underwriters are looking for when they review your payment history.
As mortgage rates hover at historical lows, many homeowners are running out to refinance. But is now the right time for you to get a new home loan? Learn how to analyze your mortgage situation so you can decide if refinancing makes sense for you.