There are several different types of refinances available. Which one would be best for your situation depends on several factors. We will break down each type of refinance and help you decide what type will benefit you the most.
Refinancing with cash-out pays off the current original mortgage. This results in a new mortgage loan that may have different terms than your previous loan (i.e., you may have another form of loan, a different interest rate, and a longer or shorter repayment period)... read more >
What Distinguishes a Home Equity Loan From a Cash-Out Refinance? The key distinction between a...
Turn Your Equity Into Cash Refinancing with cash-out substitutes your current mortgage with a new,...
What Is a Cash-Out Refinance? Cash-out refinancing involves the replacement of your current...
A conventional loan is any mortgage loan that is not federally insured nor guaranteed (such as under the Federal Housing Administration, Department of Veterans Affairs, or Department of Agriculture loan programs)... read more >
Programs to Replace HARP for Homeowners In response to the housing crisis, the Home Affordable Refinance Program (HARP) was formed to allow...
An FHA loan is a mortgage guaranteed by the Federal Housing Administration and backed by the federal government. FHA house loans demand lower minimum credit scores and down payments than conventional loans, making them popular among first-time buyers... read more >
The FHA Streamline Refinancing Program If you have an existing FHA loan, the FHA Streamline Refinance is the most straightforward approach to obtain...
A VA loan is a mortgage option guaranteed by the federal government that is accessible to Veterans, military members, and surviving spouses. Private lenders, such as mortgage firms and banks, make VA loans, not the Department of Veterans Affairs. VA home loans provide reasonable interest rates and conditions and may be used to acquire a single-family residence, condominium, multi-unit property, mobile home, or new construction... read more >
A USDA house loan is a mortgage with no down payment for qualifying rural borrowers. The United States Department of Agriculture provides USDA loans via the USDA loan program, often known as the USDA Rural Development Guaranteed Housing Loan Program... read more >
USDA Mortgage Rates Are Lower Than Most The USDA housing loan has enabled millions of Americans to purchase houses in rural and suburban...
Refinance to get rid of PMI
Your loan may be refinanced to eliminate PMI. To do this, your new mortgage debt must be 80% or less of your home's assessed worth... read more >
How Can I Cancel My FHA-Insured Mortgage? The FHA mortgage insurance premium (MIP) is temporary, despite what you may have heard. Some homeowners...
Rates are always changing,
is now the best time for you?
We’ll help you understand your options so you can feel confident in your decision. Mortgage Daily is a trusted resource, used by millions of Americans daily, to help navigate the complicated world of mortgages, refinances, and the home buying and selling process. Let’s start here.
Refinance Your Home. When Is The Best Time?
Evaluate your financial situation and determine if a refinance could help you save. Consider lower interest rate, shorter loan term, access equity, long-term savings, and costs/fees. The best time is when it makes sense for your goals.
Purchase a Home. Take it 1 step at a time.
Evaluate your needs and finances to make sure you’re ready. Consider down payment, loan terms, monthly payments, closing costs, and other factors. You’re ready when you can afford it and it makes sense for your goals.
Selling Your Home. It’s Not Hard, Let’s Break It Down
Ready to sell? Evaluate the market and make sure you’re ready. Consider home improvements, pricing, taxes, closing costs, and other factors. You’re ready when you can maximize your return and it makes sense for your goals.