Tag Archive for: refinance

Why I HATE Permanent Rate Buydowns

“Homebuyers prefer permanent buydowns rather than temporary buydowns.” That was a headline today in this National Mortgage News article. So, even though I just blogged about this in November, I […]Read More

Much Lower Interest Rates By March; Why & What It Means

On Thursday, CPI (inflation data) came in lower than expected – and we saw one of the largest one-day rate drops ever. I of course blogged about it here: THIS […]Read More

Free Refis Aren’t Free

An agent recently told us he only refers his clients to “one loan officer” because that loan officer “offers a ‘free’ refi to all of his clients in 6 months, […]Read More

The Car Wash Indicator (Scariest of All)

We are sharing these stories from a local car wash, which has been 'ground zero' for a local indicator for looming recessions.Read More

Refinancing During Chapter 13 Bankruptcy

While going through chapter 13 bankruptcy, it can be a challenge to get your finances back on track. If you have an existing mortgage you'd like to refinance, it can be even more challenging to find mortgage companies that will refinance your mortgage. Here's everything you need to know about refinancing during chapter 13 bankruptcy.Read More

Is Inflation “Over?” (and boy does it matter!)

Inflation Is Here To Stay! (or not) After telling us that inflation was transitory or temporary for months in 2021, many if not most economists changed their tune and declared […]Read More

How Do You Refinance A Jumbo Loan In California?

To refinance a jumbo loan in California, you will want to see if you can meet the requirements before you begin your search to compare lenders.Read More

Huge Opportunity From High Rates!

Grizzled Escrow Officer Sets Me Straight! While aimlessly wandering the hallways lamenting the industry slowdown, I ran into a very grizzled escrow officer who runs the title company next door. […]Read More

Attention Nervous Homebuyers: Rates Likely to Fall! Dr. Lacy Hunt Explains

Even though rates are still lower than where they were in 2018 (and for much of the last 10 years), homebuyers are still often very upset that rates have climbed so much in recent months. We frequently remind readers that homebuyers stress too much about rates in any case because so few of them keep their loans as long as they think they will (usually less than 7 years).Read More

Eliminating PMI – With Appreciation, Paying Down Loan, or Refinancing!

A client who bought in 2019 emailed me this week, asking how to get out of PMI. Because appreciation has been so massive over the last few years, there is no reason anyone should have kept their PMI in place for more than two years.Read More

Why Should You Refinance Your Mortgage?

Refinancing is an excellent opportunity for homeowners to change their mortgage rate and terms to lower their interest rate, monthly payment, or cash out some of their property’s accumulated equity. There are two types of refinances available for homeowners, rate and term refinance, and cash-out refinance.Read More

When Is The Right Time To Refinance Your Home

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

What Is A Jumbo Loan In California?

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

The Difference Between Purchase and Refinance Mortgages

Purchase mortgages and refinances are both home loans, but they serve very different purposes. A purchase mortgage is a type of loan that homebuyers apply to finance the purchase of a new home. A refinance mortgage is the process homeowners go through to change their mortgage rate and terms. While purchase and refinance loans may have similar requirements and elements, the process and end results vary.Read More