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Refinance Rates for 05/23/12
| Company | Loan Type | APR | Est. Pmt. |
|
30 Yr. Fixed | 3.675% | $912 |  |
| 15 Yr. Fixed | 3.089% | $1,381 |
|
30 Yr. Fixed | 3.622% | $898 | |
| 15 Yr. Fixed | 2.930% | $1,357 |
Best Mortgage Refinance RatesIn competitive home loan markets, finding the lowest refinance rates is just a matter of looking around - or it is simplified by visiting a site like Lender411 where multiple lenders compete. Take advantage of favorable market conditions and government support which encourages Americans to lower their mortgage payments by refinancing their loan. Even if you do not have enough equity in your home, in other words are underwater, you can benefit from the HARP 2.0 Refinance Program. In the end what you need in addition to a low refinance rate is an experienced lender to guide you toward the right home refinance loan option. Lender411's purpose is to help you learn more about the refinance process so you can make informed decisions. We do that by providing you with a secure and personalized platform where you can take advantage of our knowledge-building resources and then as your needs necessitate confidentially interact with the top mortgage lenders in your local area. You will find many useful links on this page. FHA RefinanceWhether you are looking to take cash out or lower your monthly payments, an FHA mortgage refinance loan can meet homeowners needs. In the current market, many borrowers are turning to FHA refinancing options in order to get out of their ARM (adjustable rate mortgage) and into a fixed rate scenario which provides these homeowners with greater stability. To qualify, the house or property must be the borrower's primary residence. FHA StreamlineThe main advantage to an FHA streamline refinance over a standard FHA refinance is an expedited process for borrowers already with an FHA conventional loan. Requirements are made simpler, do not require a credit check, no income verification is performed and a re-appraisal of the house is optional. Tip: Ask your lender if proceeding without a re-appraisal will place any restrictions on your FHA Streamline refinance loan. Refinancing a Jumbo LoanWhen it comes to refinancing a jumbo loan, we advise discussing all variables with your lender due to the additional variables involved. For example, the following question could arise: What is the best course of action when an older jumbo loan now qualifies as a conforming or conventional loan? 411 LoanDESKWe invite you to ask questions using our Ask a Question feature, allowing any of our community of mortgage loan experts to respond. However, if you feel that your questions are best answered on a personal level or are ready to confidentially engage mortgage lenders now, we invite you to take advantage of our exclusive LoanDESK dashboard. Within the LoanDESK platform:
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steve._571_991 April 9, 2012 at 6:07pm PDT
My daughter has a home in Mishawaka, IN and trying to refinance thru the HARP 2.0. Her origninal lender was Taylor, Bean and Whitaker closed. Cenlar is currently servicing the mortgage but does not refinance those loans. Quicken, AIM turned her down because she did not meet "their" criteria. The bigger banks are only servicing their current customers. She can't find a lender who will do this. She has never been late on her mortgage, car or student loans. She has a little equity on her home (investment, she got married and moved into his home)
Ileana_412_345 March 8, 2012 at 3:28pm PST
Good page describing the different refinance options. The question I have is there any real difference between home purchase and refinancing terms? Any information on that would be greatly appreciated.
Eleuth_620_470 November 15, 2011 at 3:25pm PST
I've had a usda-RHS HOME SINCE 10-3-1998 & I have done major work on it(metal roof,handicapped acessramp & deck.I 've got 2 mortgages now USDA is 6.5% & HFC is 15% costing me $1250 a month together.If I could please refinance to the lower % available I could keep my home!I'm not only upside down,I'm UNDERWATER!!I get $1590 a month SSI, my meds are$300a monthso i've alot of trouble with utilities,food,etc!I've been dragged around by all lenders,I pay $400 appraisal fees only to be my home with all the improvements isn't even worth what I paid for it when I bought it through USDA-RHS!