7 Types of Home Loan Refinancing

As mortgage rates stay near or at record lows, there’s been a considerable amount of interest in Mortgage Refinancing lately. In some cases, borrowers may see interest savings of one percent or more, which can quickly add up. However, when asking about Refinancing, many wonder which type is right for them. In this guide, homeowners
When it comes to home refinancing, homeowners generally have two options—changing the rate or the term of their mortgage (or both). One isn’t necessarily better than the other, as the benefits and advantages will depend on the borrower’s goal and current financial standing. For example, if you extend your mortgage term, you should be able

FHA Financing, Right For You?

FHA loans are popular options because they allow borrowers to purchase a home with a relatively small down payment, and they are typically easier to qualify for than other loan types. While there are many advantages to FHA financing, they’re not the best option for everyone. If you have a good credit score and are
USDA loans are mortgage loans which are guaranteed by the U.S. Department of Agriculture. The program is officially known as the USDA Rural Development Guaranteed Housing Loan Program, or the “Section 502 loan”, named for its place in the USDA charter. USDA loans are also known as “Rural Housing Loans”, which can be a bit of a misnomer. USDA loans can be used