NEW YORK—Investing in the $5 trillion agency mortgage-backed securities market has long been a technician’s game, with statistics and mathematical formulas frequently guiding investor decisions.
By Alan M. Petrillo Mortgage interest rates continue to remain at near-historic lows throughout the country, and many homeowners in Northwest Tucson are taking advantage of those rates, seeking to refinance their homes. But in doing so they have to navigate a maze of information, depending on whether they hold a mortgage from the [...]
Q. We are upside down with the market value of our home. Our current mortgage Company said that they would accept a short payoff of our mortgage. Both of us are self-employed. A. You can get up to 90% Loan to current Market Value (LTV) if your current lender is willing to take that 10% [...]
IRRRL stands for Interest Rate Reduction Refinancing Loan. You may see it referred to as a "Streamline" or a "VA to VA." Except when refinancing an existing VA guaranteed adjustable rate mortgage (ARM) to a fixed rate, it must result in a lower interest rate. When refinancing from an existing VA ARM loan to a [...]
By Frank Lozano, VA Loan Specialist, DirectVALoan.com Yes, but you will need the necessary equity in your home to do so. The maximum the VA Home Loan can go is up to 90% of your appraised value. So if your current Conventional Home Loan is over 90% on its Loan to Value (LTV) then you [...]
VA Offers Interest Rate Reduction Refinancing Loans of existing VA Home Loans by John P. Allen, DirectVALoan.com IRRRL stands for Interest Rate Reduction Refinancing Loan. You may see it referred to as a “Streamline” or a “VA to VA.” Except when refinancing an existing VA guaranteed adjustable rate mortgage (ARM) to a fixed rate, it [...]
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