Category تایم ریپورت

2.5 million homeowners could save $500/month by refinancing: report

Record low mortgage rates equal big refinance savings

Mortgage rates have hit record lows nine times this year, and that spells big savings opportunities for homebuyers and refinancers.

In fact, refinance rates are low enough that data firm Black Knight estimates 2...

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US Bank Mortgage Review for 2020

Overview

With a history going back more than 150 years, Minnesota-based US Bank is a major player in financial services.

Indeed, it claims to be the fifth-largest bank in the country. And when it comes to mortgages, US Bank was the tenth biggest lender by volume in 2019.
However, the fact that ...

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The best way to refinance: Avoid these 6 mistakes

Reduce your refinance costs

Starting the mortgage refinance process can be intimidating.

The goal is to trade in your current mortgage for a new one that helps you reduce your rate and build equity faster.

But making mistakes during the process can result in higher costs.

The best way to refinance...

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Mortgage and refinance rates today, September 18, 2020

Today’s mortgage and refinance rates 

Average mortgage rates edged lower yesterday. Assuming you’re not affected by the surcharge on certain Fannie Mae and Freddie Mac refinances, yours may have changed little this week. And conventional loans today start at 2.875% (2.875% APR) for a 30-year, ...

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Refinance soon to avoid the FHFA adverse market refinance fee

FHFA fee starts on December 1, but rates will go up before that

Starting on December 1, a new “Adverse Market Refinance Fee” will be imposed on most conventional refinances.

Homeowners won’t pay the new fee at closing.

Instead, lenders will cover it by raising refinance rates — likely by as...

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The best VA mortgage lenders: Rates and reviews for 2020

The best VA loan lenders for 2020

The problem with creating a list of the best VA lenders is that there are just so many excellent ones.

Still, that’s a plus for you — because this list comprises the best of the best.

The top VA lenders offer exceptional service, reliably low rates, and perk...

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Mortgage and refinance rates today, September 17, 2020

Today’s mortgage and refinance rates 

Average mortgage rates inched up yesterday by the smallest measurable amount. There’s a good chance your lender didn’t bother to change yours. And conventional loans today start at 2.875% (2.875% APR) for a 30-year, fixed-rate mortgage. 

Find and lock a...

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Mortgage rates today, September 3, 2020, plus lock recommendations

Forecast plus what’s driving mortgage rates today

Average mortgage rates had another good day yesterday as they edged ever closer to the all-time low set a month ago. Conventional loans today start at 2.875% (2.875% APR) for a 30-year, fixed-rate mortgage. 

Some believe the recent falls are te...

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FHA cash-out refinance: Requirements and rates for 2020

What is the FHA cash-out refinance?

An FHA cash-out refinance is a government-backed loan that allows homeowners to tap their home equity.

The FHA cash-out lets homeowners refinance up to 80% of their home’s value and get cash back at closing.

FHA cash-out
requirements are lenient...

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Mortgage rates today, September 4, 2020, plus lock recommendations

Forecast plus what’s driving mortgage rates today

Average mortgage rates just inched higher yesterday. It’s not time to panic yet. They’re still very close to their all-time low. Conventional loans today start at 2.875% (2.875% APR) for a 30-year, fixed-rate mortgage. 

First thing, this mo...

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