Redfin

SEPTEMBER 4, 2024

There are several reasons you might want to do so like to lower your interest rate, change your loan term, your credit’s improved, debt consolidation, converting an ARM to a fixed-rate mortgage, converting an FHA loan to a conventional loan, or freeing up cash via decreasing your home’s equity.

Mortgages 69

Mortgages Debt-to-income ratio Closing costs Principal 69

Realty Biz

APRIL 8, 2024

Answer: Closing costs are fees for finalizing the mortgage, including appraisal fees, title insurance, and more. They typically range from 1% to 3% of the loan amount. They are the costs of obtaining a home mortgage, including title search, origination fees, municipal lien certificate, legal fees, recording fees, and more.

Pre-qualification 56

Pre-qualification Pre-approval Closing costs Inspection 56

Redfin

JULY 31, 2024

They often require a higher credit score, a larger down payment, and come with higher interest rates due to the increased risk to the lender. Shorter loan terms (15 years) have higher monthly payments but lower total interest costs, while longer terms (30 years) offer lower monthly payments but higher overall interest.

Pre-approval 71

Pre-approval Pre-qualification Mortgages Loans 71