Tag Archive for: refi

How Often Can You Refinance Your Home?

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Refinancing can be a smart financial move, however, there is still an important question to ask, how soon after buying a property can you refinance?Read More

Recast vs Refinance: Which Lowers Your Mortgage Payment?

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Both recasting and refinancing can lower your mortgage payment. They work completely differently, cost completely different amounts, and apply to completely different situations. Choosing the wrong one can cost you thousands in unnecessary closing costs or surrender a low rate you should have kept. Here is a clean framework for deciding which one wins for your situation, with real numbers so you can see exactly how the math plays out.Read More

Should Buyers Wait For Lower Rates To Buy?

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Oil prices (WTI) spiked up to $90 per barrel (from only $66 prior to the war), and rates rose again in response. Interesting thing number #1: Inflation fears trump weak labor markets. A very weak jobs report surfaced today, which would normally have caused rates to plummet. But higher oil prices outweighed the very weak job numbers, and rates rose. Interesting thing number #2: Oil spiked far higher when Putin invaded Ukraine. WTI oil prices were in the $80 range when Putin started to build up his forces in anticipation of his Ukraine invasion in early 2022. After the invasion, prices spiked up to almost $116 in a few weeks – a $36 increase. What is interesting, though, is that Russia was only responsible for about 10% to 12% of the world’s oil production in early 2022, vs. 20% for the Persian Gulf region. This implies that the markets thought the Ukraine war would last longer and be more severe.Read More

Danger Of Waiting For Rates To Fall; Foreclosures Shoot Dangerously High; What’s A Recert of Value?; Actual DSCR Rates

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The 10-Year Treasury yield shot way up today – unexpectedly. The reasons? Higher oil prices sparking inflation fears, and a move into stocks and out of bonds (flight from “safety” into “risk assets”). I bring this up because we have well over 100 borrowers in our database who easily qualify for no-cost refinances that would save them thousands of dollars – but they don’t want to execute because they are convinced rates will fall further. Sigh…Read More

10 Important Appraisal Considerations Every Agent Should Know

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We’re seeing more low appraisals than in the past - primarily because markets are softer and appraisers are reluctant to push values to the top of the comp range. Agents should prepare their clients – unless the comparable sales are particularly strong.Read More

Navigating Home Equity Loans After Bankruptcy in Oregon

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If you’re an Oregon homeowner looking to regain financial control after bankruptcy, JVM Lending is here to help. We specialize in guiding homeowners through the process of securing home equity loans, cash-out refinances, and debt consolidation, helping you make the most of your home’s value.Read More

Why Appraising a Home For More Than Purchase Price Is So Difficult – For 12 Months

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Fed Week: Corruption or Panic on the Part of the Fed? The Fed will announce a rate cut this week, and many pundits are now predicting a 50-basis point cut […]Read More

“Rate Cut Coming” & Rates Went Up; Appraisers Correlate to Purchase Price For 12 Months; Refi Appraisals

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The Fed released the minutes from their recent meeting, and they all but guaranteed a rate cut in September. More interesting is the large number of Fed members who wanted […]Read More

FHA Streamline Refinance: A Simplified Path

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Deciding on an FHA Streamline Refinance can be a significant step towards financial ease. This option offers an efficient route to lower monthly payments and potentially a shift to a fixed-rate mortgage, even for homeowners with less equity. At JVM Lending, we understand that each homeowner's situation is unique, and we're here to help you navigate these choices.Read More

VA Cash Out Refinance for Struggling Homeowners

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As a Tennessee homeowner and a veteran, a VA cash-out refinance can offer you a path to financial stability and achieving your home-related goals. The VA cash-out refinance is ideal for those needing funds for debt consolidation, home improvements, or other significant expenses. If you're considering leveraging your home's equity or seeking a better mortgage loan JVM Lending's experts will provide personalized assistance, helping you determine if this is the right financial step for youRead More

Divorced Homebuyers: Navigating Mortgages and Real Estate

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Going through a divorce can be an emotionally difficult and legally complex journey. Amidst all the challenges, it's important to understand how a divorce can impact your decisions about buying a home. Today, we'll explore the connection between divorce and mortgages, highlighting eight important aspects that could significantly impact your financial well-being, your credit, and your homebuying journey after divorce.Read More

Student Loan Moratorium Over = Serious Threat to Economy; What Borrowers With Student Loans Can Do

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It turns out that most of the retail economy has been running on student loan debt relief.  Who knew? Unfortunately, that relief is about to end with the payment moratorium ending at the end of the summer and the Supreme Court telling Mr. Biden he can no longer eliminate student loan debt overall with the stroke of a penRead More

FHA Cash-Out Refinance: The Best Way to Pull Cash Out

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Are you in need of extra cash for home improvements, debt consolidation, or other financial goals? Look no further than an FHA cash-out refinance. This mortgage option offered by the Federal Housing Administration (FHA) has gained immense popularity due to its numerous benefits, including higher loan-to-value (LTV) ratios, lower mortgage insurance (MI) costs, and competitive interest rates. In this blog post, we will explore the ins and outs of FHA cash-out refis, understand the guidelines, and highlight why it may be the best way for you to pull cash out of your home. Let's dive in!Read More

5 Things To Know When Refinancing

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If you want to approach your refinance with confidence, we recommend these 5 things to know when refinancing.Read More