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How & When to Refinance

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Can You Refinance FHA to Conventional Mortgage?

Did you finance your home with a Federal Housing Administration (FHA) loan? FHA loans are attractive to borrowers with less-than-ideal credit scores or lower amounts saved for down payments, unlocking the door to homeownership for many aspiring first-time home buyers.  But your circumstances can change – and they can change for the better.  If your...

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Refinancing to a 15-Year Mortgage: What To Know

If you own your home, there’s a good chance you bought it using a 30-year fixed-rate loan. But after a few years, your situation may have changed and you may have new financial goals – like paying off your mortgage sooner or saving on interest charges. Refinancing to a 15-year mortgage can help you build...

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How Does Refinancing Work?

Are you stuck with a mortgage that no longer works for you? Maybe your interest rate is too high, or you’re struggling to make your monthly mortgage payments. Maybe interest rates are falling or your credit score is rising, and you want a better deal.  No matter the reason, refinancing your mortgage could be the...

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Refinancing a Second Mortgage: What To Know

Have you been thinking about trying to save money by refinancing your home equity loan, home equity line of credit (HELOC) or another second mortgage? If interest rates are lower than they were when you first took out your loan, you can save money by lowering your monthly mortgage payment or shortening the loan’s length...

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Types of Mortgage Refinance and How To Choose the Best One for You

If you’re a homeowner, you’re probably wondering if there’s a way to get a better deal on your mortgage. After a couple of years of homeownership, you may have better credit and more income than you did when you first bought your home. So why not get a better mortgage than the one you started...

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How and Why Should You Refinance a Construction Loan

For some home buyers, the existing pool of homes doesn’t meet all their wants or needs. Maybe your must-haves require building the home of your dreams from the ground up. Maybe life in the city has lost its shine, and you want to build a home in a quieter area. It may also be the...

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How Soon Can You Refinance a Mortgage?

For many homeowners, their monthly mortgage payment is their biggest recurring expense. Refinancing can be an attractive option if it gets you a lower interest rate or shortens the life of your loan.  In 2020, there was a refinancing boom fueled by a drop in interest rates during the coronavirus pandemic. Refis were such a...

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No-Appraisal Refinance – That’s a Thing?

Home loan refinancing is all the rage nowadays.  In 2020, mortgage refinances (aka refis) were so popular that 1 out of every 10 refinances was done on a mortgage loan that had ALREADY been refinanced at least once in the previous 12 months. That’s a lot of refinancing! Historically low interest rates have made refinancing...

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How To Refinance After Bankruptcy

If you’ve been through bankruptcy, you may feel more cautious than ever about taking out new loans – especially on your home. But if you’re careful and well informed, refinancing can help you save money and unlock the equity in your home at a low-interest rate. What Are the Reasons To Refinance After Bankruptcy?  There...

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How To Refinance an Investment Property

Whether it’s a vacation home or a multi-unit rental property with tenants, real estate investors can take pride in their financial savviness. With the right investment property, you not only earn rental income from your tenants but can also build equity in the home.  But owning an investment property isn’t always such an easy moneymaker....

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Can You Refinance Your Mortgage With Bad Credit?

Refinancing your home is a process that enables you to modify and replace your current mortgage with better terms. There are many different reasons why people choose to refinance, such as lowering their interest rate or changing the structure of the mortgage. Refinancing isn’t something that happens automatically. In order to refinance, you’ll need to...

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Should You Refinance Your Mortgage To Pay Off Debt?

By the middle of 2021, total U.S. household debt was more than $14 trillion, according to the Federal Reserve Bank of New York. Credit card debt accounted for $0.79 trillion of that total.  While Americans have paid down their credit card balances by $140 billion between the end of 2019 and the first quarter of...

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