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Refinance, Cash Out
Refinance and Debt Consolidation In Wisconsin, Illinois, Minnesota and
Florida
Announcement
Fannie Mae announces 2012 conforming loan limits
Announcement
Fannie Mae and Freddie Mac HARP Programs
Extended until 12/31/2013
March 30, 2010
Freddie Mac Open Access Refinance (Freddie
Mac to Freddie Mac refinance) (on our blog)
September 19, 2009
Fannie Mae Refinance Plus Program Rolls Out
(Fannie Mae to Fannie Mae refinance) (on our
blog)
There are a variety of reasons to refinance - Let
us help you with your goals!
Whether you are looking to refinance your current mortgage to obtain a
lower rate, get out of your current adjustable rate mortgage and into a
fixed rate, get cash out to add an addition, finish your basement, or to
just payoff credit cards and other unwanted debt we have the right
program for you:
Refinance your conforming, FHA, VA, USDA rural housing, jumbo, 1st and 2nd mortgage, cash
out, conventional to FHA, 203k rehab for needed repairs and we will save
you money and time.
Rate and Term Refinance:
Common reasons to refinance your current mortgage:
Lower your monthly mortgage payment to improve cash flow.
Switch from an Adjustable Rate Mortgage (ARM) to a fixed rate loan.
Eliminate Private Mortgage Insurance (PMI).
Payoff unwanted debt or back real estate taxes.
Refinance out of a construction loan.
Refinance out of a balloon mortgage.
Refinance up to 97% of the Appraised Value of your home (conventional).
Refinance your FHA loan to 97.75% or Cash Out to 85%.
Refinance your VA loan
Refinance into an FHA 203k rehab loan for needed repairs
Refinance with a HARP loans: Fannie Mae DU Refi Plus or Freddie Mac Open
Access
Cash Out Refinance:
It's not too late to refinance. Illinois, Minnesota, Wisconsin and
Florida mortgage rates are still low and equity continues to rise. With
the extra money you can afford that something you've always dreamed of.
Whether it's remodeling your home, paying off high interest credit
cards, taking cash out to put down on a lot or another home, funding
college education, purchasing a car or just having extra money. You use
it as you need it. Our various loan programs will fit any borrower.
Perfect credit, Less than perfect credit, hard-to-document income,
collections are OK. We can make your dream a reality, call us today.
Cash out refinances are limited to 85% loan to value which now includes
FHA loans which recently changed to 85% from 95%.
Debt Consolidation Refinance:
We also have many clients who choose to pay off their high interest
credit cards and other debts into one monthly payment. This can save you
hundreds of dollars per month as well as the stress of having so many
bills to come up with money for each month. The easiest way to deal with
these debts is to refinance your current mortgage into a lower interest
rate mortgage while paying off your unwanted debt. We can help you
customize a plan that fits your needs.
If you want to make sure that your mortgage payments will always be
affordable and that your house works for you, instead of the other way
around, give us a call. We have access to the best rates and a full
range of programs to suit any borrower's needs.
FHA Streamline Refinance (FHA to FHA)
VA Streamline Refinance IRRRL (VA to VA)
USDA Rural Housing Refinance (USDA to USDA only)
Mortgage
Programs
100% Financing (No Money Down) Programs
First Time Home Buyer Mortgage Programs
My Community Mortgage
Government Loans including
FHA, VA and
Rural Housing
Refinance Programs
Current Mortgage Rates
About Us
Apply or
Pre-qualify Online
Contact Us
Latest refinance blog posts:
Time to Refinance? Mortgage Rates Hit All Time Lows!
Mortgage applications have gone up in the past few weeks
thanks to the historically low interest rates currently available. With
30 year
mortgage rates hovering around 4.125% (4.22 APR) and 15 year rates
near 3.625% (3.72 APR) people are seeing significant gains through a
refinance.
Read the rest of this entry »
6 Reasons to Consider Refinancing
When
mortgage rates
drop lots of news outlets proclaim that it is time to
refinance. But what are good financial reasons for
refinancing? Here is a short list to help you decide.
Read the rest of this entry »
Mortgage Rates are Still Low and Have Declined Lately
With rates this low, it makes sense to talk to a
mortgage banker and get an accurate estimate on the rate you would
qualify for in a mortgage refinance. Experts agree that in order for a
refinance to make sense the new rate needs to be at least 1% lower than
the current mortgage rate. Otherwise there will not be a significant
change in the overall loan payment.
Read the rest of this entry »
Homeowners under Water with Current Balance Get Help
from Freddie Mac
Homeowners that have wanted to take advantage of the
super low mortgage rates but were held back due to the high balance
compared to their home's value have some good news. The Freddie Mac Open
Access program allows people to borrow up to 125% of their home's value.
Read the rest of this entry »
Homeowners with Balances Higher Than Value Can Still
Refinance Until June 2012 under HARP
In March of 2010 homeowners with decreased home values
received some good news from the director of the Home Affordable
Refinance Program (HARP). The Fannie Mae DU Refinance Plus (a HARP
program) has been extended until June 30, 2012. The Fannie Mae Refi Plus
loan gives people a chance to borrow up to 125% of their home's
appraised value.
Read the rest of this
entry »
Preparing for a Mortgage Refinance
With the record low mortgage rates making headlines on a
regular basis, now is a good time to consider refinancing a home loan.
Here are a few guidelines to consider when preparing for a Wisconsin,
Illinois, Minnesota or Florida refinance.
View our
mortgage rates
page to view current rates, updated daily!
Read the rest of this entry »
Refinancing: An Equity Line or Not?
Many people consider using the equity in their home when
they get themselves in a financial crunch. Often,
individuals will use the new loan to pay off credit
cards, student loans, and possibly auto loans. In the
last several years the Home Equity Line, also (HELOC)
called a Line of Credit, has become rather popular. But
is this better than just getting a 2nd fixed mortgage?
There are a few things to consider before answering that
question.
Read the rest of this
entry »
Refinance your Wisconsin Mortgage
Put simply, refinancing means paying off your old
mortgage with a new one. Most lenders require that you have some equity
in your home before you refinance but there are still higher loan to
value refinance programs available.
There are many reasons to refinance your Wisconsin
mortgage. First, mortgage rates continue to be at historic lows and
current rates may be lower than when you first got your mortgage. If the
current rates are 1 percentage points below your current rate (or a
savings of at least $100/month) , it might be time to refinance.
View our
mortgage rates
page to view current rates, updated daily!
You may also refinance if you want to trade in your
adjustable rate mortgage for a fixed rate mortgage.
Our most popular Wisconsin refinance and purchase
programs offered by us are listed below:
Read the rest of this entry »
Refinance Types: FHA, VA, USDA, Jumbo, Conventional
We offer a variety of refinance programs in Wisconsin,
Illinois, Minnesota and Florida including rate and term refinance, cash
out refinance, conventional/conforming refinance, VA refinance, FHA
reverse mortgage, FHA 203k, FHA refinance, VA and FHA cash out
refinance, jumbo refinance and much more
Read the rest of this entry »
FHA Refinance and FHA Purchase Mortgage Loans in Chicago
FHA mortgage loans in Chicago are available to anybody
but are used most often by first time home buyers and low to moderate
income buyers. FHA loans are insured through a combination of a small
upfront mortgage insurance premium (UFMIP), as well as a small monthly
mortgage insurance premium.
Chicago FHA loans have less-stringent borrower
qualifications than many other mortgages and generally lower interest
rates. They also offer significant value to consumers because the
interest rates are low with fixed monthly payments and mortgage
insurance is now tax deductible.
Refinance your FHA mortgage in Chicago up to 97.75% or
cash out refinance up to 85%.
Read the rest of this entry »
FHA, VA and Conventional Refinance
We offer refinance options in Wisconsin, Illinois,
Minnesota and Florida on single family homes, duplexes, 2-4 unit
properties, low and high rise condos, townhouse, 2nd homes, vacation
properties, PUDS, and many others. Refinance now to get a lower rate,
turn your adjustable into a fixed rate and get fast cash. Wisconsin
refinance Loans are a great way to consolidate debt into one easy
monthly payment.
Refinance loans are also available in major cities
including Chicago refinance, Minneapolis, Appleton, Fitchburg,
Stoughton, Sun Prairie, Racine, Wausau, Green Bay, Milwaukee and
Madison.
Our most popular refinance programs offered are listed
below:
Read the rest of this entry »
Freddie Mac Open Access Refinance (Freddie Mac to
Freddie Mac)
The Freddie Mac Relief Refinance Mortgage – Open Access
(Freddie Mac to Freddie Mac refinance) supports the federal Making Home
Affordable Program (HARP) by helping borrowers who are making timely
mortgage payments but have been unable to refinance due to declining
property values. With this offering, you can now refinance, even if
we’re not currently servicing the mortgage. Although the program allows
up to 125% loan to value, (similar to Fannie Mae’s Refi Plus), most
lenders are capping this program at 105% loan to value but we still have
a couple that will go the max of 125%.
Read the rest of this
entry »
Fannie Mae Refinance Plus Program to 125% Starting in Wisconsin
Beginning with DU update 7.1, which is slated for September 19th, Fannie
Mae will start letting mortgage brokers/bankers process Refi Plus loans
to 125%. With home values still declining this is great news. We have
done a handful of Refi Plus loans to 105% and so far it has been quite
successful.
Read the rest of this entry »
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