Loan types
At a glance: The shift in refinance applications and how it could affect refinancing decisions. What the Applications Shift Means for Borrowers Homeowners weighing a refinance often focus on monthly payment reduction, but another disciplined strategy is refinancing to shorten the loan term. When interest rates stabilize after a period of volatility, some borrowers can […]
At a glance: This change and how it could affect refinancing decisions. What This Means for Borrowers After an extended period of elevated borrowing costs, a modest downward move in mortgage rates has prompted a renewed wave of refinance inquiries among homeowners. Lenders report increased traffic from borrowers seeking to reduce monthly payments or shorten […]
Renewed Refinancing Interest as Mortgage Rates Ease Homeowners are seeing renewed opportunity to refinance as mortgage rates show modest easing after a period of elevated volatility. Lenders report increased inquiries and applications from borrowers seeking to lower monthly payments, shorten loan terms, or tap home equity. The current environment favors careful evaluation rather than automatic […]
Refinance When Rates Are Rising vs Falling Refinancing your mortgage means replacing your current loan with a new one, usually to get a lower interest rate, change the loan term, switch loan types, or access home equity. Whether rates are rising or falling changes the decision framework. This guide explains when refinancing makes sense in […]
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 rates have moderated from recent peaks, a surge […]
Refinancing Picks Up as Rates Moderate and Equity Grows — What Homeowners Should Consider Refinancing activity has edged higher in recent weeks as mortgage rates moderate from their previous peak and many homeowners sit on larger pools of home equity. The shift has prompted renewed interest in both rate-and-term refinances to reduce monthly payments and […]
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 markets move away from the rapid, headline-grabbing rate […]
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 is picking up as mortgage markets adjust and lenders compete for borrowers. For many […]
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 […]