refinance Archives | The Richard Woodward Team Nexa Mortgage

Refinance rates drop as Fannie Mae removes adverse market fee. Refinance rates drop as #fanniemae and #freddiemac drop the adverse marketing fee. This will enable more of the 12 million home owners that have not already refinanced take advantage of these new lower rates. Tumbling mortgage rates just went even lower following news that an…

RefiNow™ Explained! Lower Your Mortgage Payment

RefiNow ™. A new way to refinance your home loan. It’s Easy! RefiNow™ is an affordable refinance option for homeowners who are interested in reducing their monthly housing costs by taking advantage of today’s low-interest rates. Available to borrowers at or below 80% of the area median income with debt-to-income ratios up to 65%, RefiNow…

The Fed cut interest rates to zero. What does that mean to me?

Mortgage rates are NOT zero. Interbanking offering rates are near zero. Today the fed cut interest rates to zero. What does that mean to you? The fed funds are not the same things as mortgage rates, the two are somewhat associated with one another but are not directly tied to one another. Mortgage rates are…

I love helping veterans save money with a low-cost VA refinance. A VA streamlined version is called an IRRL which stands for interest rate reduction loan. VA refinance IRRL loans are super easy as they do not require income verification or an appraisal. All the closing costs can be included in the new loan so…

Should you refinance your mortgage? Everyone is talking about refinancing right now because mortgage rates are near an all-time low. However, refinancing is not always a good idea. First of all, let’s look at what a refinance is. A mortgage refinance is a new mortgage that replaces your existing mortgage by paying it off. There…

Stop throwing money away on higher mortgage rates.

5 reasons you may want to refinance your McKinney, Texas home this year. I know the market well and McKinney home owners can save thousands by refinancing, especially existing FHA home owners. Mortgage rates are near historical lows, but could climb. The Federal Reserve raised the Prime Rate this year and may raise it again…