Sentences with phrase «drop by refinancing their mortgages»

Interest rate have declined recently, and many homeowners have taken advantage of this drop by refinancing their mortgages.

Not exact matches

Via the program, so long as a homeowner's been making monthly payments on time; and, so long as those payments are dropping by five percent or more, the FHA will allow a no - verification refinance to today's current FHA mortgage rates.

The main requirements for the FHA Streamline Refinance are that your monthly payment drops by five percent or more; and, that your current mortgage is currently paid on - time.

January, 2011: The government continued to tighten the rules by dropping the maximum amortization period for a high - ratio insured mortgage to 30 years and reducing the maximum loan amount for refinance purposes to 85 per cent.

May 17, 2018 - Refinance Applications Drop Amid General Decline in Mortgage Applications A report released by the Mortgage Bankers Association yesterday shows that US mortgage applications to refinance existing home loans dropped to their lowest level in Refinance Applications Drop Amid General Decline in Mortgage Applications A report released by the Mortgage Bankers Association yesterday shows that US mortgage applications to refinance existing home loans dropped to their lowest level in aMortgage Applications A report released by the Mortgage Bankers Association yesterday shows that US mortgage applications to refinance existing home loans dropped to their lowest level in aMortgage Bankers Association yesterday shows that US mortgage applications to refinance existing home loans dropped to their lowest level in amortgage applications to refinance existing home loans dropped to their lowest level in refinance existing home loans dropped to their lowest level in a decade.