Refinancing

Understanding VA Refinancing

Refinancing Your Home There are many reasons why you may want to refinance your home, including: lowering your current payments by extending the loan period, refinancing because of a fluctuating adjustable rate mortgage (ARM), or shortening your loan term length to pay it off faster and save on interest. While the aforementioned reasons are good,…

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FHA vs. Conventional Loans: Which One is Better for You?

With so many choices for home financing, it’s no wonder shopping for a mortgage is stressful and confusing. There are dozens of loan products and services on the market, and you should be informed before making such a big commitment. The good news is that there’s a home financing solution for almost everyone, whether you…

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How Federal Interest Rate Decisions May Affect Mortgage Rates

The Federal Reserve (also known as “the Fed”) is the central banking system in the United States. In order to keep the economy functioning, they periodically raise or lower the cost of obtaining a loan, which also affects associated interest rates. It’s in your best interest to stay informed about the fluctuating rates determined by…

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Why You Should Look Into Refinancing Now

The more you know about refinancing and how to choose the best time to refinance for you, the better prepared you’ll be to make an important decision about your financial future. Here are a couple reasons why you may want to consider refinancing now – as rates are still well below 5% and, in some…

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Should You Refinance or Get a Cash-Out Refinance?

  When it comes to refinancing your mortgage, there are two popular options to choose from: standard refinancing and cash-out refinancing. Your home is an investment, so you should get to know the difference between these two types of loans in order to maximize the value of your property. When Should You Do a Standard…

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What are FHA Loans?

Loans Insured by the Government The Federal Housing Administration (FHA) is the governing body that insures home loans provided by FHA-approved lenders. FHA Loans are designed to help low/moderate income home buyers to afford a house with a more lenient credit score requirement and lower down-payment than traditional loan requirements. Since FHA loans are secured…

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