When should you refinance your house?
You will first have to decide if you are having problems in making payments on the mortgage that
you had taken in order to finance your home. If you think that you are having problems in
making the payments, you can opt for refinancing.
You may see it referred to as a “Streamline” or a “VA to VA.” IRRRL Facts For Veterans|Dept. of Veteran Affairs
An IRRRL may be done with “no money out of pocket” by including all costs in the new loan or by making the new loan at an interest rate high enough to enable the lender to pay the costs. (Remember: The interest rate on the new loan must be lower than the rate on the old loan unless you refinance an ARM to a fixed rate mortgage).
Personally, I prefer making the new loan at an interest rate high enough to enable the lender to pay the costs. Which allows me to get a better interest rate and lower my monthly payments, without rolling into the loan thousands of dollars in closing costs.
Investing in real estate is an excellent way to diversify any investment portfolio. There are four major benefits when investing in income property. And over time, each of these benefits become more and more valuable. We’ll cover how each aspect can reap great rewards for your real estate investment.
When it comes to mortgage loans and interest rates, it’s never a good idea to gamble. So when is a good time to lock in that interest rate?
Foreclosure Friday!.. this one just hit the market 2 days ago (listed by Texas Property Shop), and caught my eye.. $139k for 4bed w/ loft “2595 square feet”.. not bad at all!
More Buyers Turn to Investors for Hard-Money Loans | Realtor Magazine. If you are interested in pursuing this type of financing for investment purposes, there is a lot you should consider before committing to a hard money loan.