Rates have hit an all-time low and have left homeowners scrambling to refinance their mortgages. You have most likely heard in casual conversations with friends or family that “now is the time to refinance!” But you may be left wondering…what exactly is refinancing? Is it the right decision for me? What Is It? Refinancing is …
Refinancing your FHA loan to a conventional mortgage may clear room in your monthly budget, especially with interest rates hovering at historic lows. Removing FHA monthly mortgage insurance, it could result in a lower monthly payment and big savings. FHA Mortgage Insurance By refinancing your FHA mortgage to a conventional mortgage, you may be able …
Have You Heard? Refinance and Remove FHA Mortgage Insurance Read More »
Refinancing is a big step and takes the same time and effort as when you applied for your loan in the first place. However, when the time is right, there are many benefits to refinancing. Setting a goal beforehand is always a good place to start. Whether you decide you want to take equity out …
