According to the Wall Street Journal, home mortgage refinancing is one of the best methods for homeowners to save money this year. Borrowers like home refinancing for lower payment, cash out and debt consolidation. Bridge Mortgages is a trusted online mortgage company that provides cost effective mortgage refinancing products with FHA streamline refinance, 100% conventional loans and VA mortgage refinancing with featured loans to replace adjustable rates, interest only with fixed interest rate terms of 30 and 40 years. Bridge Mortgages enables homeowners a complete suite of mortgage refinance loan programs.
Our refinance loans were created to help you lower your mortgage payment and access cash with the equity in your home. Now refinancing your original home purchase is possible. Bridge also provides help with refinancing a "second mortgage" or home equity line of credit. Compare mortgage refinance alternatives before making a commitment with your house. Refinance a mortgage and get cash or just convert the interest to a fixed rate that offers a secure simple interest amortization.
If you currently have a FHA mortgage, take advantage of the FHA streamline. This unique home mortgage refinancing program puts borrowers on the fast track to lower interest rates because this loan requires less documentation and typically the closing costs are lower than convention home refinance loans. The FHA streamline refinance enables borrowers to get approved with no income documentation required!
Refinance and choose a payment type that meets your financing needs: Select from Interest Only, Negative Amortization, and Fixed Rate with Principal and Interest. According to Nationwide Mortgage Loans, a renowned refinance lender who provides mortgage refinance options, "the home refinance market is making a strong comeback, as FHA and VA loan programs have implemented many significant enhancements that benefit consumers directly."
Bridge Mortgages suggests comparing interest rates and terms when shopping for refinance loans. Refinancing your mortgage will enable you to lower payments, and possibly reduce the interest rate. There are many benefits to refinancing, but the most compelling reason to revise your mortgage is simply to save money with reduced home loan rates.
Another benefit of refinance loans is to obtain cash. Many homeowners need cash and to get it, they either refinance or take out a home equity loan. Refinancing the current mortgage is one option and an increased loan amount, will yield them cash back. Taking out a second mortgage will allow a person to keep their first mortgage and the new home loan will get them the cash back they requested.
Hard Money Loans
These are private loans that are made based on the value of the real property, rather than credit scores. In most cases, homeowners in foreclosure have attempted to refinance their delinquent mortgage with some type of hard money mortgage.
FHA Fixed Refinance Loans
The FHA secure loan offers a fixed rate mortgage to borrowers who are late on their mortgage after their adjustable rate was triggered. However, these borrowers must have a perfect mortgage payment history prior to ARM adjustments. FHA refinance programs are more flexible than conventional refinancing in most cases.
Underwriting for mortgage loans is often calculated like schools grade students with tests. The lower the credit score, the higher the interest rate is a safe method that mortgage lenders have used for formulating risk based loans. Prime borrowers with good credit are considered A-Paper borrowers, whereas borrowers with poor credit are associated with D-paper or subprime home mortgages.
Get a Free Quote & Compare Refinancing Mortgages
- Fixed Rate Refinance Mortgage
- Cash Out Refinancing
- Payment Option ARM Mortgage
- Fixed Second Mortgage
- Home Equity Line of Credit
- Loan Consolidation
- No Income Verified Home Equity Loan
- 125% Combo Mortgage
- 110% Refinance Mortgage
- 103% Cash Out Refinance
- Employed Borrowers (Salary or Hourly):
- Self-employed Borrowers:
- Rental Income:
- Retirement Income: