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Home loan refinancing can allow you to take advantage of lower mortgage rates, thereby reducing your monthly payment and your overall interest costs. Before approving a refinance loan, however, some lenders require a professional property appraisal. But, that isn’t the case for mortgages through the Federal Housing Administration (FHA) or the Department of Veterans Affairs […]

Your home loan payment may make up a significant part of your monthly budget, so understanding where the mortgage money goes is important. Contrary to what many people think, you are not just paying back the money you borrow. Here, we explain the four components of a home loan payment -- principal, interest, taxes and […]

Home equity loans and cash-out refinance loans both allow you convert the equity in your home to cash you can access immediately. Either option can provide you with the funds for renovations, repairs, debt consolidation or anything else you need. Here, the Integrity First Lending team looks at the differences between the two types of […]

When you take out a home loan, your lender may ask if you want to pay for any mortgage discount points. Paying for points is a way of prepaying interest on your mortgage. The more you buy, the lower your home loan interest rate will be – which is why the process is referred to […]

When is the right time for home refinancing? A refinance loan could help you meet your financial needs and goals, and there are several situations that indicate refinancing could be to your benefit. If any of the following apply to you, you may want to kick start the mortgage refinance process soon. No. 1: You […]

VA home loans can make becoming a homeowner easier and more affordable—yet only 13 percent of those who are eligible take advantage of their VA loan benefits. For veterans, reservists, active-duty service personnel, military spouses and members of certain other groups, VA home loans can be the ideal mortgage solution. Here’s why. No. 1:  No […]

In addition to a down payment, most conventional first-time home loans come with closing costs. These fees can make budgeting to buy a house more difficult, so understanding what to expect ahead of time is important. Here, the mortgage experts at Integrity First Lending explain what closing costs cover, how much yours may be and […]

Getting ready to apply for a first-time home loan? One of the most important decisions you’ll need to make is whether to go with a 15-year mortgage or a 30-year mortgage. Many people choose to pay on their mortgage loans for 30 years – some even think that a 30-year term is required for first-time […]

With a Fannie Mae HomeStyle renovation loan, you can purchase or refinance a property and have funds for remodeling or repairs – without the need for a second mortgage, home equity loan or line of credit. A HomeStyle loan is an easy and affordable option for financing major home improvement projects. If you’re looking to […]

A home refinance loan can benefit your budget in multiple ways. Mortgage refinancing can free up more money each month, help you pay off your house more quickly or allow you to consolidate your debts -- and any of these advantageous outcomes can put you on better financial footing. Are you ready for mortgage refinancing? […]