If you bought your home with an FHA loan, you probably remember the paperwork. Pay stubs. Tax returns. The appraisal. The back-and-forth emails. It felt like it would never end. Good news: refinancing with an FHA Streamline is a very different experience. The process is designed to be faster and simpler, because a lot of […]
Why an FHA Streamline Refinance Involves Less Paperwork Read More »
If you have an FHA loan and rates have dropped since you bought your home, you may have heard about something called an FHA Streamline refinance. It sounds almost too easy, and in a lot of ways, it is simpler than a traditional refinance. But “streamline” doesn’t mean free. There are still costs involved, and
What Is Cash to Close on an FHA Streamline Refinance? Read More »
Closing and funding are the final stages of the mortgage loan process. Closing occurs when borrowers sign loan documents at the title company. Funding occurs after a lender reviews the signed loan documents and wires their funds to the title company. In this blog post, we will discuss what closing and funding entail, and provide
Funding and Closing Stages in the Digital Online Mortgage Process Read More »
When you apply for a mortgage, the interest rates you’re offered are based on your qualifications, loan terms, the current market, and other factors. Your loan’s interest rate will affect your monthly payment amount and will have a major impact on the overall cost of your loan. Those who plan to keep their loan for
What are mortgage discount points and how can you use them? Read More »
When you own a home one thing you’ll need to consider is if or when you may want to refinance. Refinancing is when you pay off your old mortgage and replace it with a new mortgage that has a lower interest rate, a lower monthly payment, or other favorable adjustments. When you refinance with Warp
The Online Digital Mortgage: Refinancing Read More »
If you are considering a cash-out refinance, it’s important to understand the pros and cons. Refinancing for cash-out can be a great way to pay for home improvements or create cash flow. However, this type of loan may not be right for everyone as there can be significant drawbacks if your circumstances change in the
The Pros and Cons of a Cash-Out Refinance Read More »
When you buy or refinance a home with Warp Speed Mortgage, your loan application will enter a unique loan process, called our Automated Underwriting System, or AUS, for a quick and fast determination of approval. From there it will be reviewed by the Underwriting team. Underwriting will review your application in more detail to determine
The Processing Stage in the Digital Online Mortgage Process Read More »
If you’re interested in buying a new home or refinancing a property, using mortgage calculators can help you do some of the hard math that comes along with the home financing process. Warp Speed Mortgage offers mortgage calculators that can help you determine your estimated monthly mortgage payment, how much home you can afford, the income
Using Mortgage Calculators Read More »
There are many reasons to refinance your mortgage, from getting a lower rate to taking cash out, while some homeowners may be interested in refinancing for a shorter loan term. This financing strategy can allow homeowners to pay down their mortgage quicker and with a lower interest rate. However, this route may not be for
Refinancing a 30-year Fixed to a 15-year Fixed Read More »
If you’re looking to achieve your home financing goals, you know a big part of the process is the closing experience, or the process where you sign all your documents to finalize your loan – some, all, or none of which can be done remotely (state restrictions do apply). There are several types of closing
Everything You Need to Know About eClosing and eSigning Read More »
