Lendmire Research

Refinance A Two-To-Four Unit Owner-Occupied Home — You can do it, and living in one unit often helps.

Refinance A Condo — Yes, you can, but the lender qualifies two things: you and the building.

Delayed financing is an exception inside the conventional cash-out refinance rules, not a separate loan. It waives the waiting period only.

Inheriting a house does not put you on the old loan. A refinance is a brand-new loan.

Refinance After A Divorce To Remove A Borrower — A divorce decree does not take anyone off a mortgage.

Refinance With a Lower Credit Score — Usually, yes, but the program you hold decides how much the drop matters.

Taking cash out is different: the loan being paid off must be 12 months old and you must have been on title for 6 months.

Mortgage Recast Vs Refinance — It depends on what you want to change.

That agreement is called subordination. Without it, the new lender can’t take first position.

Low Appraisal On A Refinance — A low appraisal does not change what you owe.

You can’t request this. The system makes the offer based on your loan, your property and the data it holds on your address.

Refinance Seasoning Rules — Seasoning is a waiting period, and it runs on two separate clocks.

How Lenders Decide The Maximum Loan On A Rate-and-term Refinance — The maximum is the lowest of several ceilings, not one number.

The new loan pays off the old one, and your payment stays the same for the life of the loan.

A shorter term usually cuts total interest and pays the loan off sooner.