When Is A Mortgage Refinance Worth it?

Mortgage rates are at new lows again.  You may be wondering if now is a good time to refinance your mortgage. Here is a simple formula that you can use to see if the refinance is worth doing. Closing Costs Divided by the Monthly Payment Amount Saved = Recoupment Time. You want the recoupment time […]

The Complete Guide To The VA Streamline Refinance, IRRRL

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As mortgage rates have tumbled over the last few months, you may be wondering if the IRRRL (pronounced “Earl”) program is right for you. In this post, I’ll explain what the IRRRL is and how to qualify for it.  What is the IRRRL program? The IRRRL, pronounced “Earl”, short for Interest Rate Reduction Refinance Loan […]