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The credit score you need to refinance depends on the mortgage lender you work with, your individual situation and often the type of refinance you choose (for example, cash-out versus rate-and-term).
Your current mortgage has a prepayment penalty: The penalty must be considered a cost of refinancing and assessed like any other costs. Though a one-time charge, iIt will impact your ability to ...
By refinancing, you’d save about $220 on your monthly payments and nearly $30,000 in interest payments over the life of the loan, and it would take you about three years to recoup the closing ...
“An FHA streamline refinance can be costly due to mortgage insurance premium calculations depending on how long you have owned the house, so make sure to explore all your options and have a ...
A streamline refinance accelerates the process for borrowers by eliminating some refinance requirements, such as a credit check or appraisal. It’s available for FHA, VA, USDA and Fannie Mae and ...
Seasoning requirements can also apply to getting a loan after bankruptcy or foreclosure, and to mortgage refinances. For mortgages, money becomes "seasoned" after it's been in an established ...
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related to: requirements to refinance your mortgageQuickenLoans.com has been visited by 10K+ users in the past month