Loan types
Refinancing Uptick as Rates Ease Spurs Cautious Homeowner Interest Mortgage refinancing activity has shown a modest increase after a period of rate stability followed by slight easing. Lenders report more inquiries and completed refis as homeowners reassess their existing loans in light of the change. The trend is cautious: borrowers are weighing potential monthly savings […]
Lender Credits vs Paying Points at Refinance: Which Is Right for You? When refinancing your mortgage you’ll often be offered a choice: accept lender credits (a higher rate in exchange for the lender covering some closing costs) or pay discount points upfront to lower your interest rate. Both options reduce your out‑of‑pocket costs or monthly […]
Refinancing Decisions: Why a Lower Rate Alone Shouldn’t Drive Your Move Recent shifts in mortgage markets have renewed homeowner interest in refinancing, but lower headline interest rates are not a sole reason to refinance. Homeowners weighing a refinance should focus on the full economics of the transaction — closing costs, remaining loan term, how long […]
What a Non‑Occupant Co‑Borrower Is — and When It Makes Sense A non‑occupant co‑borrower is someone who signs the mortgage loan (the promissory note and usually the deed of trust or mortgage) but does not live in or occupy the property being financed. Their income, assets and credit history are considered by the lender to […]
At a glance: The latest mortgage rate drop and how it could affect refinancing decisions. Mortgage rates have moved lower. That can improve affordability and may reopen refinance options for borrowers whose current rate is above today’s quotes. What the Rate Drop Means for Borrowers Mortgage refinancing has cooled after a period of elevated activity, […]
At a glance: The latest mortgage rate drop and how it could affect refinancing decisions. Mortgage rates have moved lower. That can improve affordability and may reopen refinance options for borrowers whose current rate is above today’s quotes. What the Rate Drop Means for Borrowers As mortgage rate volatility persists, homeowners face renewed pressure to […]
Refinancing Becomes More Selective as Rates Stabilize; Homeowners Must Weigh Costs Against Savings Refinancing activity has shifted in recent months as mortgage rates stabilize after a period of volatility. Lenders are selectively approving refinances, favoring borrowers with strong credit profiles and substantial home equity, while many homeowners are pausing to reassess whether a refinance delivers […]
At a glance: Lower refinance fees and closing costs and how it could affect refinancing decisions. Lenders have cut refinance origination fees, reducing closing costs and shortening breakeven timelines for many borrowers. What Lower Refinance Fees Mean for Borrowers Refinancing activity has cooled as mortgage rates have climbed from the lows seen in recent years, […]
Energy‑Efficient Mortgage Options for Refinancing: What Homeowners Need to Know Refinancing gives homeowners a chance to change loan terms and access cash. When you add energy efficiency to the mix, refinancing can also finance home upgrades that lower utility bills, increase comfort, and raise resale value. This article explains energy‑efficient mortgage options for refinancing, when […]
At a glance: The latest mortgage rate drop and how it could affect refinancing decisions. Mortgage rates have moved lower. That can improve affordability and may reopen refinance options for borrowers whose current rate is above today’s quotes. What the Rate Drop Means for Borrowers Refinancing inquiries have picked up recently as homeowners react to […]
Refinancing Activity Picks Up as Rates Stabilize; Homeowners Must Weigh Costs Versus Savings As mortgage rates settle after a period of volatility, refinancing is resurfacing as a viable option for many homeowners. Lenders report renewed interest from borrowers looking to reduce monthly payments, shorten loan terms, or tap home equity. The decision to refinance, however, […]
What “Seasoning” Means and When It Makes Sense Seasoning refers to the required waiting period between purchasing a home (or obtaining a mortgage) and refinancing that mortgage. Lenders and loan programs set seasoning requirements to reduce fraud, protect investors, and ensure borrowers establish payment history. Seasoning commonly matters most for cash‑out refinances, certain government programs, […]