Compare 30 Year Refinance Loan Programs
If you own a home and have a 30-year mortgage with a rate above 4%, refinancing into a home loan with FHA, VA, Fannie Mae or Freddie Mac, should be a priority. You should shop lenders that provide a wide variety of "refinance loan" options for consumers with all types of goals. There are new opportunities even for homeowners that got benefitted from refinance loans last year. If you are reconsidering keeping your loan with your present company, the time is right because fixed rates are still amazing low rate available in the market-place so shop lenders in an effort to reduce your housing expenses can increase cash flow. The Federal Reserve once again committed to keep key rates low for the next two years. This should help keep home refinance rates below the five percent threshold for the next eighteen to twenty-four months.
Fixed 30-Year Refinance Loans for Qualified Homeowners
- Fixed Refinance Loans with No Pre-Pay
- VA Refinance Loan Offers for Military Borrowers
- Refinance Loan Programs Insured by FHA
- No LTV Restrictions with HARP Refinance
- Refinance and Get Money Back
- Consolidate 1st and 2nd Loans with a Refinance
- Alternative Refinancing for All Types of Credit
- 5 to 30-Year Refinance Loan Terms
- Get Cash Back and Lower Your Rate
- Choose between Fixed & Hybrid ARM Options
- Compare House Refinance Loans Online
- 2nd Chance with Bad Credit Refinance Loans
- Home Refinance Loans with No Income Documentation
Borrowers are able to save hundreds of dollars a month by getting fixed refinance loans that ensure a set payment for three hundred and sixty months. How much money would you save monthly if you secured a 30-year refinance with a low fixed interest rate? How would you invest the money you were saving? Today's low rate refinancing loans have helped millions of Americans get out of debt. Many of our participating lenders offer refinance loan programs for primary residences, vacation home, investment properties and more.
Compare lenders that offer many types of low rate refinance loans to borrowers in all fifty states. We offer unique refinancing with low mortgage rates and flexible guidelines. While most lenders are tightening their refinancing requirements, we are loosening our refinance loan requirements.
Traditional refinance loans: Seize the opportunity to get the lowest mortgage rates recorded since Freddie Mac started recording interest rates. Compare loan programs for Fannie Mae and Freddie Mac with ease online.
Cash refinance loans. Since equity loans are more difficult to qualify for these days, homeowners are rushing back to cash refinancing with lenders like Nationwide. Conforming lenders are offering cash out to 80%, FHA 85% and VA 90% loan to value. In some cases lenders will charge .125% in fees when borrowers receive money back in a house refinance loan.
FHA refinance loans are popular for people that have little equity. We offer unique FHA refinancing and you only need 3.5% equity in your home. Yes, the Federal Housing Administration continues to approve refinancing up to 96.5% LTV. FHA mortgages are approved regularly for borrowers with less than perfect credit.
VA refinance loans offer military veterans superior financial solutions. Qualified VA borrowers are able to get a 100% refinance with no mortgage insurance requirement. That means that VA homeowners are able to get a low rate refinance loan with no equity required.
HARP refinance loan is a government initiative to help homeowners who are strapped with an underwater mortgage. Initially, the Home affordable refinance program allows people who have a Fannie Mae or Freddie Mac lien an opportunity to refinance up to 125%. Obama just announced that he will be extending the HARP refinance loan program for another few years. The 2.0 HARP guidelines have no loan to value restrictions, so underwater borrowers now have a genuine opportunity to get a better refinance loan regardless of their equity status.
2nd home refinance loans are available to borrowers that wish to exchange their existing loan for a new lien with a lower interest rate or better terms. A "2nd home refinance" is considered when the borrower is doing a refinance on a house other than their primary resident. Second home refinancing is available on vacation houses and rental properties.
Payment Examples: The Payment on a $200,000 Fixed 30-Year Refinance Loan quoted at 3.25% has a monthly payment of $870.41 with $995 in total lending fees due at closing. The Annual Percentage Rate, also known as APR is 3.378%. Do not forget that payment posted on website does not include property taxes or premiums for home insurance (if applicable). The total housing costs will be greater. (monthly mortgage payment + taxes and insurance payments if impounded) In some cases, mortgage size limitations may be applied due to state and county maximum loans as outlined by FHA, Fannie Mae or Freddie Mac. 3.25% (3.47% APR).
Find out how low your monthly payment will fall with a fixed refinance loan from Nationwide. Choose from traditional, FHA or HARP Refinance loan programs.
ARM vs. Fixed Rate Calculator
Compare fixed and adjustable rate loans. Consider the 3/1, 5/1 or 7/1 hybrid ARM that ensures a fixed rate for 3, 5 or 7 years. Compare the hybrid ARMs to the 30-year fixed rate mortgage.
We struggled for years trying to refinance but lenders didn't want to touch us because of our lack of equity. The labeled us as an underwater borrower and denied our request to reduce the interest rate with a fixed rate refinance loan. We qualified for a 30-year refinance that saved us $145 a month.
- Katrina J., Atlanta, GA
Everyone knows that rates for refinancing are great but the public has not been informed that guidelines are stricter and banks are backed up for months on refinance applications. We were very happy with Nationwide's efficiency and we qualified for a HARP refinance loans even though our equity was negative.
- Gerald J., Vista, CA
|Refinance Loan News
Home Refinancing Tips
Yes homeowners have a significant opportunity to uncover more affordable housing payments. Because of the latest refi boom, lines for refinancing have backed up the street. Fannie Mae, Freddie Mac and the Obama Administration came together and extended a new refinancing plan designed to help borrowers that were hopelessly underwater with their mortgage.
The recent drop in refinance rates has opened up new opportunities for distressed homeowners to reduce their housing expenses. Smart Money indicated that 20.5 million homeowners have loans with interest rates above 5% and are current on their payments. This data was of course provided by CoreLogic, Get more tips from Smart Money online.