Tag Archive for: refinance

Mortgage Rates Way UP; Refi Now… Or Forever Hold Your Peace

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Remember last year when I said rates could either go up, go down or stay the same? Well, I was right. 😊 OK – I was actually right about the […]Read More

Are Home Equity Loans Tax Deductible?

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Homeowners cannot claim tax deductions on home equity loans in some cases. However, they can still benefit from cash-out refinancing programs to use the equity they've accrued in their homes. The Tax Cuts and Jobs Act, signed by President Trump in December 2017, introduced this change. Interest paid on home equity loans is no longer tax-deductible, although there is one exception. The IRS clarified that deductions are allowed if homeowners use the loan to "buy, build or substantially improve" the property the equity is coming from.Read More

This Decade’s Popular Home Upgrades

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If you compare a home from 2010 to one from 2020, you will notice quite a few significant contrasts. The American home is ever-changing, the most recent shifts being more technological home upgrades. Keep reading to find out what home features have become increasingly popular in today's home design.Read More

How To Refinance Without Closing Costs

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Refinancing is an excellent way for homeowners to benefit from low interest rates or an increase in equity – or both, saving themselves a lot of money and/or garnering a substantial quantity of cash. There are two options borrowers have when refinancing with JVM Lending to avoid or mitigate closing costs: a “No Cost Refinance” and a “No Money Out of Pocket” loan.Read More

Shopping For A Mortgage With JVM Lending

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Whether you're purchasing a home or refinancing an existing mortgage, it's crucial to get the best deal possible. At JVM Lending, we make it easy with our Mortgage Calculator. Enter the details of your loan to receive rates and closing costs instantly and specific to your situation. We're a local, unique, and experienced mortgage firm based in the Bay Area and serve surrounding areas like Sacramento as well as Texas.Read More

Real Estate Definitions: The Right To Cancel

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Here is one of a few real estate terms you should know if you are receiving a loan. The Federal Truth-in-Lending Act allows three days for homeowners who are refinancing to reconsider a loan during which they can cancel their refinance without penalty.Read More

Is It A Good Idea To Refinance My Mortgage To Pay Off Credit Cards?

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Many homebuyers think that refinancing and taking cash out from their home’s equity may be a good way to pay off any credit card debt. But – homebuyers should be cautioned, financing credit card debt through a refinance may not be the right move for everyone.Read More

Fannie Mae Re-Slams Mortgage Industry With 1/2 Point Refi Fee

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In August, I blogged about Fannie Mae Slamming Refi Borrowers With A New 1/2 Point Fee. And then later in August, I blogged about Fannie Mae Yanking Its 1/2 Point […]Read More

Beware Of Fake Vendors Pretending To Be Us; Paying Off HELOC = Cash Out

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BEWARE OF VENDORS IMPERSONATING LENDERS This is a quick reminder that some vendors, particularly sellers of “mortgage protection insurance” or other insurance products, often reach out to new homebuyers shortly […]Read More

Different Types Of Mortgage Loans For Homebuyers

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Homebuyers have many options when it comes to mortgage loans. Whichever loan you choose should be the best fit for your specific situation. Each program has particular qualifications and requirements. This blog will explain the details of the different types of loans that most homebuyers will encounter when planning their home purchase.Read More

How To Refinance A Home With Low Income

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Here's a common situation many homeowners face: the old mortgage has a much higher interest rate than the rates available today, and you could save hundreds of dollars each month by refinancing. Your home has built up plenty of equity, so no problems there. However, there is one issue; you don't have enough income to be eligible for the loan you need.Read More

Fires, Hurricanes, Appraisals & Delays; Agent Resource Guide

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In Friday’s Blog, I mentioned how we were losing Appraisal or Property Inspection Waivers (PIWs) b/c of the fires in NorCal, but I made an error. Underwriters are not always […]Read More

Fannie Mae’s New 50 Basis Point Fee Slams Refinance Borrowers

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As I mentioned yesterday, Fannie Mae and Freddie Mac imposed a new fee of 1/2 point, or 50 basis points, on all refinance loans – catching the entire mortgage world […]Read More

Explaining The Basics of Refinancing A Mortgage

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There are many possible benefits to refinancing your home mortgage. You may have heard from friends or neighbors who have already refinanced about some of the various advantages connected to refinancing your mortgage. For instance, refinancing can lead to a lower mortgage payment, a quicker timeline for paying off your mortgage, a lower interest rate, among other benefits. If this is your first time refinancing, you may be unsure of what to expect, so we've outlined the basics.Read More