How Do Impounds Impact Your Loan When Refinancing? Q: How do Impounds (an Escrow Account) for Taxes and Insurance impact your loan when refinancing? There are many borrowers who LOVE an Impound Account! There are just as many borrowers who DISLIKE an Impound Account!...
How Do Changes in the Conforming Loan Limits Affect You and Your Interest Rate? Each year at this time (December), the conforming loan limits are re-set by The Housing and Economic Recovery Act and designated by county. To make this easy to understand, most counties...
How Much Should You Save On a Rate Before Refinancing? That’s a tricky question, but a very important one. People refinance for different reasons, some to pull cash out or adjust the term on their loan. For this purpose, let’s assume a borrower simply wants to do a...
Start Your Loan Application Now Avoid Additional Fees October 15 Deadline For those potential borrowers sitting on the fence about whether to refinance now or not, this is very important news! The Federal Housing Finance Agency, who oversees Fannie Mae and Freddie...
