Cash-out refinancing is making a comeback as home equity rises

Cash-out refinancing is making a comeback as home equity rises

By Kenneth R. Harney

Apr 26, 2015 | 5:00 AM

| washington

LoanDepot, a major non-bank mortgage originator, says its cash-out refinancings during the first quarter were up 78% compared with a year earlier. (PR Newswire)

Could it be time to cash out some home equity by refinancing your mortgage? For growing numbers of owners, the answer...

Read more


Website: http://www.latimes.com

[an error occurred while processing this directive]

The FHA Refinance Loan Maximum Mortgage Calculation

The FHA Refinance Loan Maximum Mortgage Calculation

September 14, 2015 - There are many myths people have about FHA home loans. One is the nature of the required FHA mortgage down payment or maximum financing available. Some assume there is a zero downpayment option, but that is not true. The borrower is required to make a minimum down payment on all new purchase FHA mortgage loans (3.5%).

The...

Read more


Website: https://www.fha.com

[an error occurred while processing this directive]

Which VA Loans Allow Cash Back to the Borrower?

Which VA Loans Allow Cash Back to the Borrower?

March 16, 2015 � By Bruce Reichstein � 12 Comments

There's a common question associated with VA loans-many borrowers are interested in getting cash back at closing time from proceeds via their home loans.

But which VA loans allow this? Can a borrower, as some readers have asked, get a home loan for the appraised value of the property when the...

Read more


Website: http://www.vanewsblog.com

[an error occurred while processing this directive]

Home improvement financing: Compare 8 choices ...

Vote

Getting poll results. Please wait...

Once you get beyond the introductory rate, APRs on low interest credit cards are running in some cases at about three or four times the rate of home loans and refis. The current average rate on credit card offers is running at about 15 percent.

No. 3: Personal loans

Depending on your relationship with your bank or credit union, you may also be able to get...

Read more


Website: https://www.creditcards.com