Browsing Tag:Refi

what-is-streamline-refinancing-streamline-refi-charges-guidelines
The Streamline Refi is one of the best refinancing optionsFHA, VA, and USDA mortgages make up a massive part of the home buying market.But homeowners with these loan types aren’t refinancing nearly as much as those with conventional loans via Fannie Mae and Freddie Mac.That seems odd, given that government–backed mortgages often have access to lower interest rates. And...
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fha-refinance-loans-versus-freddie-mac-refi-doable
FHA refinance loans are a great option for borrowers who may need a more flexible credit rating requirement and for those who want to switch from a variable rate mortgage to a fixed rate home loan. But how does the FHA refinance loan program compare to the traditional Freddie Mac Refi Possible program?Some wonder if they shouldn't consider a...
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refi-functions-take-again-seat-whereas-standard-and-fha-mortgages-improve-rismedia
Mortgage applications were up 1.6% from a week earlier, according to the latest Mortgage Bankers Association (MBA) weekly survey of mortgage applications for the week ending August 20, 2021.The Market Composite Index, a measure of the volume of mortgage loan applications, rose by a seasonally adjusted 1.6% compared to the previous week.The results:- Unadjusted, the index rose 1% compared...
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some-refi-charges-are-close-to-2-5-6-issues-to-know-to-get-the-bottom-price-when-refinancing-your-mortgage
MarketWatch highlighted these products and services because we believe readers will find them useful. We may earn a commission if you buy products through our links, but our referrals are independent of any compensation we receive. If you're looking for a new home, you probably know that mortgage rates are near record lows (You'll find 15 year rates...
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refi-and-jumbo-loans-assist-enhance-mortgage-credit-score-availability
Kan also noted the rapid growth in the non-QM market share over the past few months. "Jumbo loan availability increased 9% to its highest level since March 2020 as more non-QM jumbo and agency-eligible high-balance loan programs became available," he said.Continue reading: Trailblazer for non-QM loansThe Jumbo MCAI rose 9.4% in August, along with the conforming index, which...
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refi-purposes-take-again-seat-whereas-typical-and-fha-mortgages-improve-rismedia
Mortgage applications were up 1.6% from a week earlier, according to the latest Mortgage Bankers Association (MBA) weekly survey of mortgage applications for the week ending August 20, 2021.The Market Composite Index, a measure of the volume of mortgage loan applications, rose by a seasonally adjusted 1.6% compared to the previous week.The results:- Unadjusted, the index rose 1% compared...
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fha-refi-mortgage-guidelines-you-want-to-know
Are you thinking about refinancing your home loan? An FHA mortgage allows you to refinance a conventional, VA, or other non-FHA mortgage, as well as an existing FHA home loan. Refinance is great for many reasons, but for some borrowers, a refi loan is especially important to get a more affordable mortgage with lower payments or a lower...
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robust-refi-enterprise-curiosity-charges-arent-rising-the-reverse-mortgage-viewers
While the reverse mortgage industry has been doing strong for most of the past year, with approvals largely staying above 4,000 loans per month, the amount of refinancing transactions has been home equity conversion mortgage (HECM) -to-HECM refinances among others Frankly, market factors controlling the reverse mortgage industry are doing very little to extend the penetration rate of the...
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refinance-charges-fall-as-adversarial-market-refi-charge-is-eliminated
Refinancing just got cheaperOn July 16, 2021 the The Federal Housing Finance Agency (FHFA) announced that it would permanently abolish the Adverse Market refinancing fee. The surcharge introduced last year increased either interest rates or closing costs on all compliant refinancing loans. The abolition of the fee makes refinancing less costly for millions, with the result that refinancing rates...
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