Carolina Mortgage Insights with Paul Mattos
VA IRRRL Explained
A VA IRRRL may help eligible homeowners lower their interest rate, reduce their mortgage payment, or replace an adjustable rate with a fixed rate. Learn about VA streamline refinance eligibility, seasoning, closing costs, funding fees, and break-even requirements.
What Is an FHA Streamline Refinance?
An FHA Streamline Refinance may help eligible FHA homeowners lower their rate or payment with reduced documentation and potentially no appraisal. Learn about seasoning, payment history, closing costs, mortgage insurance and qualification requirements.
Rate-and-Term Refinance Explained
A rate-and-term refinance replaces your current mortgage to change its interest rate, repayment term or loan program without taking substantial cash out. Learn how costs, equity, appraisals and break-even timing affect the decision.