Archive | August, 2017

What is a No Cost Refinance?

Brownstone with lots of greeneryA ‘no cost’ refinance is one in which the lender either waives or pays all fees connected with the loan with some exceptions. The tradeoff is usually a higher interest rate which makes the loan expensive for borrowers over the long haul. If you plan to be in the home only a short time, a no cost loan makes sense. Read More

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When Can I Drop PMI?

Borrowers who had to take out private mortgage insurance (PMI) because they put down less than 20 percent when they bought their home have the right to cancel the insurance, provided they can meet the cancellation rules.

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