Coming December 1st, the Federal Housing Finance Agency (FHFA) will be implementing a new Adverse Market Refinance Fee that applies a 50 bps fee to lenders selling any mortgages to Fannie Mae or Freddie Mac. About 50% of all the...
It can be hard to know when it makes financial sense to refinance your mortgage. When you refinance your mortgage, you pay off your existing loan by replacing it with a new one. There are many reasons to refinance, including...
Sure, preferred lenders sound enticing when you hear about the benefits from your builder or real estate agent. But does the buyer really win by using them? First, remember that using a preferred lender is always optional. You never...
The key to getting a great loan is understanding all the elements of your loan and its expenses. When you apply for a loan to refinance or purchase a home, you’ll receive a document called a Loan Estimate that breaks...
It can be hard to know the right questions to ask. Before you refinance your mortgage, ask yourself and your Loan Officer these questions to put yourself on the right path and work with the right person. 1. Can...
