Tag Archive for: refinance

More Purchase Tips For Refi Guys; Giving Away JVM’s Playbook

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On Friday, we provided tips to help refi guys close purchases now that rates are up. The tips included rush appraisals; reviewing contracts for addenda, reports and condition issues; and […]Read More

Must Be On Title to Be On Loan; Must Refi to Get “Off” Loan

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We sometimes have borrowers who want to be “on the loan,” but not “on title” (for tax reasons usually). This is impossible, however, as lenders require all borrowers qualifying for […]Read More

Why We Hate Paying Points (Or Think Buyers Shouldn’t)

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Borrowers constantly ask if they should pay points or origination fees to buy down a loan. Our constant refrain is no, and here are the reasons why: 1. Borrowers get […]Read More

When Does It Make Sense to Refi? Rule of Thumb; VA LOANS

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Quick Reminder: JVM does VA loans (often in fact). The drawbacks to VA, however, include the restriction that we can only use VA appraisers, and that all section I work […]Read More

Must Wait Six Months From Purchase For Higher Appraised Value

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We often have borrowers buy under market value or buy in quickly appreciating markets. They always ask how soon they can refinance into a better loan when their loan-to-value ratios […]Read More

Refi Boom; What It Means?

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Rates dropped again this morning to shockingly low levels not seen since early 2013. A lack of inflation, falling oil prices, weak economies, stock sell-offs, and other factors are all […]Read More

Refi Options Now Better Than Ever; Values Up; Rates Down

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With values higher than they were a year ago (especially in certain areas) and with rates shockingly low once again, every buyer who puts down less than 20% should evaluate […]Read More

Can Use 75% of Rents for Income; 85% for FHA

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We discussed rental income in previous blogs and had questions in regard to how much of the rental income we can use. For a refinance, we use the income from […]Read More

No Cost Refi = No Risk = No Prepay Penalty = Savings for Free

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We have many borrowers with Mortgage Insurance who qualify for “no cost” refinances that would save them as much as $500 per month in some cases. These borrowers are “ripe” […]Read More