Below is a summary of the maximum LTVs for the most
common types of refinances.
A Rate / Term Refi is the most
common type of refinance.
The Refinance out of an existing FHA mortgage and into a traditional conventional mortgage is a very
common type of refinance for this reason as FHA Mortgages carry mortgage insurance for the life of the mortgage.
Not exact matches
Prepayment penalties can be found in almost every
type of loan, but they're especially relevant to mortgages because home sales and
refinances are so
common.
This is
common in certain
type of refinances like FHA Streamline Refinances and VA IRRRLs where the borrower does not want to come to closing with any money & would also like to keep the new loan balance from increasing as a result of re
refinances like FHA Streamline
Refinances and VA IRRRLs where the borrower does not want to come to closing with any money & would also like to keep the new loan balance from increasing as a result of re
Refinances and VA IRRRLs where the borrower does not want to come to closing with any money & would also like to keep the new loan balance from increasing as a result
of refinancing.
This
type of loan is
common with certain
types of refinance transactions.
Zimmerman says the most
common loan you may be able to get in this
type of predicament is a cash - out
refinance type of loan that works by
refinancing your home loan and pulling equity out from your house.