Best Mortgage Refinance RatesUpdated on 9/18/2012
In 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.
Whether 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.
The 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 Loan
When 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?
We 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:
- You are matched to lenders according to your specific criteria
- Matched brokers are provided with your specific loan scenario while keeping your personal identity anonymous (if so desired)
- Your questions are answered and messages are exchanged safely, securely and privately