Is There a Downside to Refinancing?

Is There a Downside to Refinancing?

Because no two borrowers have the exact same circumstances, the set of pros and cons for refinancing an existing mortgage will be different for each. To answer the question whether or not refinancing is advantageous for your scenario, start by asking yourself these...
Cash Out Refinancing vs Home Equity Line of Credit

Cash Out Refinancing vs Home Equity Line of Credit

As a homeowner, sometimes you need a little extra cash for unexpected expenses. Whether it be home-related costs like repairs or remodeling, paying off other debts like student loans or credit card balances, or putting the cash toward another investment, there are a...
What is a No Closing Cost Refinance?

What is a No Closing Cost Refinance?

Refinancing is on the rise right now, with ultra-low mortgage rates tempting homeowners to apply for new loans on their balances, with a new, more affordable pricing. Despite the lower interest rates, refinancing doesn’t always save you money right out of the gate....
Are Jumbo Loans Still Available? They are with Luxury Mortgage.

Are Jumbo Loans Still Available? They are with Luxury Mortgage.

Getting a jumbo mortgage during a pandemic can be a little challenging. Jumbo loans, also known as non-conforming mortgages, are loans priced beyond the lending limits imposed by the government. Since jumbo loans do not conform to these limits, they are unable to be...
Why it’s important to get multiple quotes at the same time when applying for a refinance

Why it’s important to get multiple quotes at the same time when applying for a refinance

Applying for a mortgage refinance today is relatively easy. With the ability to request a free rate quote online, get prequalified in minutes, and send and receive digital preapproval letters, the process of beginning your home refinancing journey can be done quicker...
What is an FHA Streamline Loan?

What is an FHA Streamline Loan?

Home loans that are insured by the Federal Housing Administration (FHA) are popular for several reasons: they don’t require a big down payment, they’re usually open to borrowers with lower credit scores, and they can be used to finance a variety of different kinds of...