Category: refinance
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A Surge In FHA Refinances Expected | FHA Announces Date for MIP Fee Reduction
Recently the President and FHA announced a substantial reduction in FHA monthly mortgage insurance premium fees (MIP). This will take effect on case numbers issued on and after January 26, 2015. Don’t wait to apply though, your loan can be underwritten and be ready to go in advance of this date. The fee reduction is bringing…
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Short Refinance Program
This is for borrowers who are upside down and are NOT currently financed with FHA. Short Refi / FHA Refinance of Borrowers in Negative Equity Positions • 560 Minimum credit score required • The borrower must be current on the existing mortgage to be refinanced • All borrower(s) must occupy the subject property as their…
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California Home Mortgage Lending
California borrowers can save big by refinancing a California mortgage. With one of the highest priced markets in the USA refinancing one of these high balance loans can easily save you more than $500 per month. Top Refinance programs in California Harp 2.0 Fannie Mae or Freddie Mac Streamline Refinance programs – FHA, VA, portfolio…
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New York Mortgage Loans
Learn more about available home loan options in New York. Refinancing Your Home Loan HARP 2.0 – Freddie Mac Relief Refinance or Fannie Mae DU Refi Plus Regular rate and term refinance Cash out refinance First Time Buyer Purchasing a home in New York Fannie Mae HomePath FHA 203b and HUD One Hundred dollar down…
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Should I refinance?
A refinance calculator cannot answer the “should I refinance?” question. Only you or a Trusted mortgage adviser going over those numbers with you can answer that question. Here are some refinancing questions you could expect to answer / have answered. Is your property listed for sale? If yes a refi is probably a waste of closing cost…