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 […]

Why Refinance?

Why refinance?

Posted Leave a commentPosted in Buyer Tips and Advice, Loan Progams

The primary reason someone refinances is to save you money. The goal is get the best payment, with the best possible rate at the lowest possible cost. How does your current loan compare to others available in today’s market? Here are some reasons you might consider a refinance: – If you have a fixed rate loan […]