30 or 40-yr Fixed Rate Mortgage
Competitive Mortgage Refinance Loans from 1-Refinance.com
How the new Home Affordable Refinance Program, AKA HARP 2.0 different than original program that was rolled out in 2009? There are a few important changes between the 1st and 2nd HARP programs. The HARP 2.0 enables homeowners who are presently paying insurance on their home loan to qualify for a refinance. This opens up the HARP program to a much larger group of homeowners.
Refinance Loans - Mortgage Refinance, Home Refinancing
While most loan companies try and do it all, we specialize in home refinance loans and have been extending cash out mortgage refinancing specials with the lowest rates online since 1997. Our home refinance lenders provide rate and term refinancing with 100% VA refinance loans, cash out, FHA, conventional mortgages & jumbo loans for loan consolidation & rate and term fixed rate refinancing. Mortgage rates remain low, but with inflation rising, expect the Federal Reserve chairman to revert back to his style of raising rates to help protect the dollar. Even in the new millennium a loan refinance continues to be the driving forces in our economy for consumer to access cash. It is no coincidence that when cash out refinancing applications are down that consumer spending is reduced as well. Home refinance opportunities remain robust, so take a moment and complete the form below so you can get a free refinance loan quote from the best refinance lenders online.
Refinance Loans Are Now Available with Fixed Rates Below 4%!
Refinance into a Low Rate Mortgage and Lock into a 30-Year Rate that is Guaranteed to be Fixed for the Life of the Loan.
Refinance Mortgage Rates Have Hit 40-Year Lows so don’t wait!
Compare refinance lenders that help consumers with all types of home refinancing. Now you can refinance your 1st mortgage to 100% with VA home refinancing and loans from 80 to 100% depending upon your credit scores. Discover monthly savings with fixed rate refinancing. Free online application.
VA Refinances - FHA Refinancing - Government Home Refinance
1-Refinance provides an advanced loan pricing engine for the following loan types: refinance, home equity, FHA mortgage refinancing, debt consolidation, jumbo loans and bad credit refinancing. If you need help finding the perfect refinance loan for your situation, contact our loan officers or complete an application online.
Refinancing your house can provide you with the cash you need. Find out how you can get tax free cash today. If you need low monthly payment, then refinance with an interest only mortgage, but request a fixed rate conversion prior to the rate reaching the adjustable period. Refinance your home today and uncover all of the financial benefits!
Owning a home can get costly over the years. If your cash flow fluctuates from month to month, we recommend refinancing with an interest only loan, because it offers more flexibility each month with only the minimum interest due. This keep the payment low and you can always pay more towards the principal when you have extra cash.
Is your income difficult or impossible to verify, keeping you from buying your dream home or refinancing higher rates? Don't let your lack of Income Verification documentation keep you from attaining the loan that you need. We can help you find a No Income Verification loan, and these loans assist borrowers obtain mortgage financing when their income or assets are difficult to verify.
There's no time like the present to pay down high-interest debts, make home improvements, or finance education or dream vacations! Interest rates are still low and we can help you navigate through the lending process, even if your income is hard to document. Many self-employed consumers need access to loan programs that enable limited income documentation.
At 1 Refinance, our first priority is to help our customers find the ideal loan program for their individual needs. We are dedicated to making sure that your lending experience is as efficient and enjoyable as possible. Don't let a lack of income verification stand in your way; let us help you realize your financial dreams today!
Ask About Our No Closing Cost Refinance Loan Option!
Want to buy a home or refinance, but looking for a new way to afford more homes for less money? An interest only mortgage may be the best thing for you! A traditional mortgage payment is divided between interest and principal, but with an interest only mortgage, your payment is lower because you're not paying the principal portion. With the lower monthly payments an interest only mortgage affords you it could be possible to pay down high interest debts or furnish your new home.
Interest rates are still at historic lows, and We can help you decide if an Interest Only Refinance is the right option for your needs.
30 or 40 Year Fixed Rate Refinance
The thirty year refinancing is still the most popular term, but the forty year loan is gaining momentum. The 40 year fixed rate loan is fixed amortized loan with principal and interest payments the last 30 years. The payments are amortized over 40 years for the first 10 years. The loan rate is fixed for the first 2 years and adjusts beginning the 25th month and every 6 months for the remainder of the 10 years. After the first 10 years, the loan enters the re-payment period on a 20-year amortization schedule for the remaining 20-year period. The entire mortgage loan period is 30 years. Max LTV: 95%, MAX CLTV: 100%
Minimum Credit Score:
Stated Income Documentation Requirements
Minimum Loan Amount: $50,000
Maximum Loan Amounts: $2,500,000 in California, 1,500,000 Arizona, Colorado, Florida, Georgia, Michigan, Maryland, Massachusetts, Virginia, Washington, $1,300,000 all other states $1,000,000 Condo, Townhome and Attached Planned Urban Developments
FHA Tips for a Mortgage Refinance and Home Purchase
The Federal Housing Administration (FHA) was created by Congress in 1934. FHA guarantees loans in order to assist lower and middle income consumers as well as the first time home owner. These government home loans generally have a low down payment requirement and less stringent requirements for income and credit scores. There is also the possibility for stated income loans. FHA home mortgages were developed to support people who otherwise have difficulty qualifying for a loan. Individual lenders set interest rates and repayment periods, however, not the government. FHA simply insures these loans to lower the risk to the lender. Since FHA protects lenders against losses, the lenders are generally willing to create loans with easier qualifications.
The three percent down payment is about to change on FHA loans as well. Zero down home loans may be available through FHA by October. FHA borrowers will have to pay more upfront and in their monthly mortgage payments, but the program will allow those with no way to raise the money for a down payment to get into their first home.
Refinancing with collections or judgments being reported on your credit report can make qualifying difficult. There are loan companies that specialize in subprime money products. Read More on Bad Credit Home Loans.
Tips for Mortgage Refinance Insured by FHA
Will Refinancing for Cash Come Back? Refinancing volume declines too record level. This fact seems strange because mortgage refinance rates are at all-time lows, so one would think cash out refinance activity volumes would be soaring. Over the last few years home refinance guidelines have tightened significantly. Millions of borrowers do not qualify for cash out refinancing.