Mortgage refinance costs

Conventional mortgage refinances just got more expensive

Posted Posted in Economic Market News, General Commentary, Mortgage Knowledge

That’s right, conventional mortgage refinances just got more expensive. Both Fannie Mae and Freddie Mac issued bulletins on August 12,2020 announcing the implementation of a new “Adverse Market Refinance Fee”  which will apply to all conventional refinance mortgages closed on or after September 1, 2020.  The bulletins state that the new fee of 0.5% of […]

Is Refinancing your home still a possibility?

Posted Leave a commentPosted in Buyer Tips and Advice, Community information, Mortgage Knowledge

Question: Is refinancing your home possible if you have little to no equity in your home, or maybe actually owe more than your home is worth. Answer: Possibly OK, so that is not a very definitive answer as to whether or not refinancing your home is possible if you have no equity in your home. […]