Sentences with phrase «pass on a refinance»

Another reason homeowners pass on a refinance is that they think they'll never «recoup their costs».

Not exact matches

Buying or refinancing a home is already complicated, and with increased FHA recourse hanging over their heads, it's a good bet that mortgage lenders would find ways to pass on the potential costs to consumers.

The era for high rates on subprime loans has passed, as FHA guarantees competitive interest rates with no excessive penalties for refinancing or paying off early.

At least 210 days must have passed since you closed on your current mortgage to be eligible for an FHA streamline refinance.

It's interesting that BMO is launching a contest to attract homebuyers to lock - in to a new or refinanced mortgage before the Nov. 1, 2016 OSFI deadline that will force some banks and mortgage lenders to start paying more to take on mortgage loans — costs these lenders are sure to pass on to the homeowner.

Six months after your bankruptcy has passed, you can research on willing lenders to refinance your mortgage.

On May 18, new legislation passed the House as part of the 2013 National Defense Authorization Act (NDAA) that would grant military homeowners the ability to refinance their mortgages even if they do not live in the residence at the time.

Time passed, mortgage interest rates decreased and we decided to refinance to save $ 200 / month if we could get 4.75 on a 30 year fixed (down a full point from our current 30 year fixed).

My grandma passed in September, she left me my home (which I had already been living in and paying the mortgage on for the past 5 years - it has been paid out of my bank account to the mortgage company EVERY MONTH on time or early), I do not have good credit to refinance., but I AM capable of continuing the loan.

When purchasing a policy for a 20 or 30 year term to cover a mortgage or refinance loan, if the insured person does not pass away during that term, the lump sum paid back can be used toward any remaining debt on the mortgage.

• Successfully pass loans for all assigned qualified clients, generating a 100 % satisfaction rate • Introduce an automatic fee calculation system, reducing time taken to manually calculate fees and loan level prices by 44 % • Expedite background checks for assigned clients, by creating and maintaining effective relationships with investigative authorities • Generate referrals and leads and contact them to inquire into their mortgage needs • Interview clients to determine their specific requirements for mortgage and refinancing • Advise clients on best loan programs based on their income and assets • Perform background checks to determine clients» eligibility for mortgage loans

The FHA requires that borrowers make 6 mortgage payments on their current FHA - insured loan, and that 210 days pass from the most recent closing date, in order to be eligible for a Streamline Refinance.

The legislation is called «The Bank on Students Emergency Loan Refinancing Act» and it came close to passing last year but it never made it across the finish line.

If the borrower passes the lender's credit - worthiness test, the loan closes for an amount that will cover the purchase or refinance of the property, the remodeling costs plus any required contingency reserves, any allowable closing costs and mortgage payments (only on Standard 203k — up to 6 months).