Whether you're determining how much house you can afford, estimating your monthly payment with our mortgage calculator or looking to get preapproved for a mortgage, we can help you at any part of the home buying
Before you decide to refinance, you should consider all your options and costs to ensure you’re making the right decision for your financial goals. What is a mortgage refinance? A mortgage refinance is when you use the money from a new home loan to pay off your existing one. You might ...
FAQ: How soon can you refinance your mortgage loan? How soon can you refinance after buying a house? In most cases, you'll need to wait at least six months after buying a house before you can refinance. Some government-backed loans, such as FHA, VA, and USDA loans, may have different...
However, if you bought a house in 2023, for example, rates may have already fallen enough that refinancing could be justified. Mortgage rates for a 30-year term hit 7.79% in October 2023, according to historical mortgage data from Freddie Mac. So if you locked in a rate or closed on ...
Benefits of Mortgage Refinancing. When you refinance your house, you replace your existing mortgage with a new one, usually to get a lower interest rate. Although refinancing has its benefits, it can also have its downsides. In this section, we’ll discuss the advantages and disadvantages...
Owning your home is one of the biggest factors of building communities. Whether you are moving into an existing house or building the home of your dreams, we are with you every step of the way. Find Your Community-Based Mortgage Banker ...
During the preapproval process, he provided us with numerous modeling options regarding the impact of potentially buying points, available loan options, and potential refinancing options (and costs) if there were significant rate decreases in the first three years post-closing. Our prior mortgage ...
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Just like in financing your dream house, refinancing it will still depend on your credit score. A good credit score willincrease your chances of getting a good mortgage deal. Here are some of the ways to increase your credit score:
Private mortgage insurance (PMI):When you first buy a house, if you pay less than 20% of the purchase price from your own existing funds, your lender will typically require you to pay for additional ongoing insurance on the mortgage, or PMI. This is because the mortgage must cover more t...