If you have equity in your home, you might want to tap into it in order to have cash in hand. Some people just don’t like having their investment tied up in their home. Others need the cash for things like home renovations, college tuition, or debt consolidation. Just how much of your equity are you allowed to take out? It depends on the loan program, as each program has different requirements. Conventional Cash-Out Loan If you are … [Read more...]
Your Refinance Options for a USDA Loan
You have a USDA loan but want to refinance. Maybe you want a lower rate or you need cash out of your equity. The good news is the USDA has several refinance options for you. What you need and how much you want to verify determines which program is right for you. No matter which program you choose, the USDA program offers simple and effective ways to refinance your USDA loan. The Newest USDA Refinance The USDA rolled out a Streamline … [Read more...]
USDA Loan Refinancing
Can you refinance a USDA loan? Yes. But in order to qualify for a USDA loan refinance, you must meet certain criteria. The first qualification in order to refinance into the USDA loan program is that you must currently have a USDA loan. If you don't have a USDA loan currently, then you cannot refinance into a USDA loan. When refinancing from a USDA loan into another USDA loan, it can be quick and easy as there is no property … [Read more...]
