refinance: Eight Reasons to Refinance Your Mortgage
- 03/20/17 02:00 PM
Eight Reasons to Refinance your Mortgage Since there seems to be a trend of rising interest rates, you may be wondering if you should refinance your home mortgage. There are several reasons why this might make a lot of sense. Here are a few: If your current jumbo loan or the combination of your first and second loans are $424,100 or less, you can refinance into a regular conventional loan. The conforming loan limit was increased a few months ago to $424,100. If you have a VA home loan you can refinance without an appraisal. The … (21 comments)
refinance: Refinancing May Be An Option After All
- 03/01/13 03:55 AM
Refinancing May be an Option After all Many people believe if their home has lost value and if they don’t have 20% equity, they can’t refinance. In fact, there are several ways to refinance with little or even no equity in your home. Conventional home loans that were sold to Fannie Mae and Freddie Mac prior to June 1, 2009 may qualify. FHA home loans can be done as a streamline, with or without an appraisal. VA home loans can be done as a streamline. And even USDA home loans can be refinanced. With interest rates still very low, now is … (0 comments)
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