Tag Archive for: refinance

How Often Can You Refinance Your Home?

/in ,
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?

/in ,
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

Refinancing Your Dallas Home: When It Makes Sense

/in ,
Mortgage rates have dropped meaningfully from their 2023 and 2024 peaks, and refinance applications are up more than 50% year over year. If you bought a Dallas home at a rate above 7%, the math may finally be working in your favor. But refinancing is not always the right move, and Texas has its own rules that affect how cash-out refinances work. Here is a clear framework for deciding whether a refinance makes sense for your specific situation in 2026.Read More

What Is A Jumbo Loan In California?

/in , ,
A jumbo loan in California is a loan amount that exceeds the conforming county loan limits set by the Federal Housing Finance Agency (FHFA). A jumbo loan is a conventional (not government-insured) mortgage loan.Read More

Should Buyers Wait For Lower Rates To Buy?

/in ,
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

How Much Does It Really Cost to Refinance Your Mortgage?

/in , ,
Refinancing your mortgage can lower your monthly payments, shorten your term, or unlock home equity—but it’s important to understand the true costs. Most refinances cost between 2% and 6% of your loan amount, including fees for origination, appraisal, title, and escrow. The total can range from several thousand to tens of thousands of dollars depending on your loan type, property value, and location. At JVM Lending, we make these costs transparent from the start. We also offer our exclusive Rate Drop Free-fi™ Program for clients who purchased through JVM—allowing them to refinance later at no cost when rates fall. This comprehensive guide explains what goes into refinance closing costs, how to pay or reduce them, and when refinancing makes financial sense. You’ll also learn how JVM Lending helps you compare loan options, calculate break-even points, and decide whether a refinance will truly save you money in the long run.Read More

Sad: People Are Breaking Up With Their Rates☹️(Date The Rate/Marry The House Still Works)

/in ,
For years up through 2022, agents and loan officers alike repeated the mantra: “Marry The Home; Date The Rate”. The meaning was this: Worry about the house because it is more permanent; don’t worry about prevailing interest rates, as you can refinance later when rates fall. So, when rates remained higher for the last few years, social media lit up with complaints about “evil” loan officers and agents misleading buyers with that errant phrase.Read More

10 Important Appraisal Considerations Every Agent Should Know

/in ,
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

How to Find the Right FHA 203k Loan Lender for Your Needs

/in , ,
FHA 203k Loan Lenders offer a unique solution for financing both the renovation of your home. This blog breaks down the process, explores available financing options, and provides expert tips on choosing the right lender for your needs.Read More

Navigating Home Equity Loans After Bankruptcy in Oregon

/in ,
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

Friends Don’t Let Friends “Time the Market”

/in ,
We had a borrower who did not want to lock his loan last week because he was convinced interest rates would fall further. But, instead of falling, rates actually rose almost 1/2% over the ensuing week. So – this is my reminder to borrowers to never try to time the market with respect to interest rates, as we see our clients get burned time and again.Read More

FHA Streamline Refinance: A Simplified Path

/in , ,
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

/in , ,
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

Streamline Refinance Your Mortgage with FHA

/in ,
Are you considering refinancing your mortgage? The FHA Streamline Refinance could be the perfect solution for homeowners looking to lower their monthly payments or adjust their loan terms.Read More