Posts

Is It Still Worth it to Refinance My Mortgage?

Refinance rates are hovering below 3% for qualified borrowers, so if you haven’t refinanced a mortgage in the past six months, now is the time to take action. I’ve been getting emails from clients asking if it’s still a smart time to refinance. Yes! Keep reading to learn which mortgage refinance loans might be the […]

How to Use Home Equity to Buy a Second Home

Mortgage rates are still low and a lot of homeowners are thinking about expanding their portfolio. If you have a good chunk of home equity right now, it’s a good time to think about investing in a second property. I’ve been fielding questions from clients recently: Is now a good time to purchase an investment […]

Refinance Rates Drop as FHFA Eliminates Fee

Last week on July 16, 2021, the FHFA formally announced plans to eliminate the 0.5% adverse market refinance fee, sending lenders into a competitive race to drop rates for qualified borrowers ahead of schedule. According to the FHFA press release, “Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries […]

Can I Refinance My Mortgage Without An Appraisal?

When you’re getting ready to refinance your mortgage, one factor that impacts the terms of your new loan is the appraisal. A current home appraisal creates the basis of your home’s value in today’s housing market. But not every mortgage refinance requires a home appraisal. This can relieve a lot of stress for homeowners who […]

How the Fannie Mae HIRO Program Can Lower Your Mortgage Payment and Avoid Foreclosure

Many homeowners have been asking, what can I do if I can’t pay my mortgage? The Fannie Mae HIRO loan program could help. Many American homeowners have suffered reduced income or loss of employment during this past year due to the coronavirus pandemic. Forbearance and loan modification programs can help, but many covid-related housing relief programs […]

Lower Your Mortgage Payment with the FHA Streamline Refinance

The FHA Streamline Refinance is one of the fastest and easiest ways to lower your monthly mortgage payment and save you money. This type of home loan refinance is only available to homeowners who currently have an FHA home loan, so it’s worth finding out if you qualify. For homeowners who have an existing FHA […]

How to Cancel PMI and Lower Your Monthly Mortgage Payment

Private mortgage insurance (PMI) is typically required for homeowners who put less than 20% down toward their home loan. In general, private mortgage insurance (PMI) is 0.5 – 1.5% of the total loan amount and is tacked onto the monthly mortgage payment. It can easily add a few hundred dollars to your mortgage payment every […]

How to Finance a Fixer-Upper with an FHA 203(k) Home Loan

Buying a fixer-upper can be a fast way to get into a great home that is selling below market value and build home equity fast.  But buying a home that needs a lot of repairs and remodeling can also be a money pit with whole lot of stress. If you want to dive into a […]

Jumbo Mortgage Rates are Rising – Should I Refinance?

Some of my clients are asking, should I refinance my jumbo mortgage now or wait? It might not be the right move for every homeowner but it could be a smart financial decision depending on your financial goals. Yes, mortgage rates are starting to rise. Mortgage interest rates are still low, but as mortgage rates […]

How to Finance Your Next Home Renovation

This past year many homeowners spent a lot more time at home. If you’ve been thinking about remodeling your kitchen, building out a home office, or doing a home renovation to update needed repairs, you’re not alone. The good news is there are great renovation home loan programs that can help you finance your next […]