Why Mortgage Lenders Put PMI on a Home Refinance?

Answer Private mortgage insurance, commonly referred to as PMI, is the extra payment that a home lender requires that a borrower pay every month to protect the lender against mortgage payment default. Bor... Read More »

Top Q&A For: Why Mortgage Lenders Put PMI on a Home Refinance

Can you refinance a home mortgage into one name?

When a borrower is looking to refinance, he tends to have different needs than when the home was originally purchased. Sometimes, one borrower needs to be taken off the loan. This can be done with ... Read More »

How to Refinance a Home Mortgage for 15 Years?

Refinancing your 30-year mortgage into a 15-year mortgage will save you tens of thousands of dollars over the life of the loan. A $100,000 30-year mortgage with a 6 percent interest rate requires a... Read More »

How to Refinance a Home Mortgage With a Lien on the Home?

When interest rates decrease, many homeowners consider refinancing their mortgage. Refinancing reduces monthly payments, reduces the loan term or may give back some needed cash to do repairs or to ... Read More »

How much can I borrow from mortgage lenders?

The amount you can borrow from mortgage lenders when applying for a home loan depends on your current financial situation and your history of paying down previous debts. Mortgage lenders often give... Read More »