Tag Archives: refinance

As interest rates plummeted throughout 2020, mortgage refinancing became a major avenue to saving money in the midst of the coronavirus pandemic. But those who took the plunge need to be aware of how opting to refinance could affect their taxes insofar as deductions are concerned. The Mortgage Bankers Association …

With home loan interest rates hovering near historic lows, many homeowners are wondering, “What about me? I took out a mortgage some time ago when rates weren’t as attractive as they are now. Is there something I can do?” The answer is, “Absolutely!” For those of you who aren’t clear, …

When it comes to your mortgage, as little as a half of a percentage point can save you tens of thousands of dollars over the life of a loan. So getting the absolute lowest interest rate when you refinance is critical. These tips show you exactly what you need to …

Refinancing a loan with the same lender can save you time and may require less paperwork. But is it a good idea? This article takes a look at the pros and cons of refinancing with your current lender and how you can ensure you get the best deal. Rate Search: …

[embedded content] The housing industry was dealt a big change this week as the Federal Housing Finance Authority decided to raise prices on refinance loans sold to Fannie Mae and Freddie Mac. The group announced the institution of an Adverse Market Refinance Fee. The fee is a 50 basis point …

The coronavirus pandemic has led to a dramatic decline in mortgage rates. But that doesn’t mean now is a good time to refinance for everyone. Last week, Freddie Mac FMCC, -0.94% reported that mortgage rates hit a new record low for the fourth time this year, with the average rate …

We recently covered the topic of how soon you can refinance after buying a new home. Now, let’s address how frequently you can — or should — explore the option of refinancing. The simple answer is that you can refinance your home as often as you’d like — although we …

With historically low interest rates, you’re probably seeing a fair share of news items declaring what a great time it is to refinance your home. After all, refinancing can be a smart financial move if it results in lowering monthly payments, reducing loan duration, or building home equity more quickly. …

With interest rates at historic lows, many homeowners are considering mortgage refinancing. A typical refinancing entails closing out your original loan and opening another — same principal balance financed at new terms and a better rate. A cash-out refi is different. It allows a homeowner to borrow some money and …