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Refinance your mortgage with ease. With an FHA Streamline, lower your monthly payments and enjoy a hassle-free process.
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We'll provide a personalized analysis of FHA refinance rates to help you make the best decision for your financial future.
Our 30-Year Fixed Rates Are Low & Our Process is Quick & Painless
The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then stable-rate loans are usually cheaper.
We’re here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE 30-Year Fixed Rate Mortgage Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The 30-Year Fixed Rate Mortgage Loan Process
Here’s how our home loan process works:
- Complete our simple 30-Year Fixed Rate Mortgage Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Our 15-Year Fixed Rates Are Low & Our Process is Quick & Painless
This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate and you’ll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn’t that great.
We’re here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE 15-Year Fixed Rate Mortgage Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The 15-Year Fixed Rate Mortgage Loan Process
Here’s how our home loan process works:
- Complete our simple 15-Year Fixed Rate Mortgage Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Our FHA Loan Rates Are Low & Our Process is Quick & Painless
An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.
The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930s; to provide mortgage lenders with adequate insurance; and to help stimulate the housing market by making loans accessible and affordable.
We’re here to make the FHA home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE FHA Loan Qualifier .
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The FHA Loan Process
Here’s how our home loan process works:
- Complete our simple FHA Loan Process
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Our VA Loan Rates Are Low & Our Process is Quick & Painless
A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).
We’re here to make the VA home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE VA Loan Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The VA Loan Process
Here’s how our home loan process works:
- Complete our simple VA Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Our Adjustable Rates Are Low & Our Process is Quick & Painless
An ARM is an Adjustable Rate Mortgage. Unlike fixed rate mortgages that have an interest rate that remains the same for the life of the loan, the interest rate on an ARM will change periodically. The initial interest rate of an ARM is lower than that of a fixed rate mortgage, consequently, an ARM maybe a good option to consider if you plan to own your home for only a few years; you expect an increase in future earnings; or, the prevailing interest rate for a fixed mortgage is too high.
We’re here to make it a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE Adjustable Rate Mortgage Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The Adjustable Rate Mortgage Loan Process
Here’s how our home loan process works:
- Complete our simple Adjustable Rate Mortgage Qualifier.
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Our FHA Loan Rates Are Low & Our Process is Quick & Painless
An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.
The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930s; to provide mortgage lenders with adequate insurance; and to help stimulate the housing market by making loans accessible and affordable.
We’re here to make the FHA home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE FHA Loan Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The FHA Loan Process
Here’s how our home loan process works:
- Complete our simple FHA Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Our USDA Loan Rates Are Low & Our Process is Quick & Painless
The United States Department of Agriculture (USDA) gives out a variety of loans to help low- or moderate-income people buy, repair or renovate a home in a rural area. Some of the popular types of loans are: the single family direct homeownership loan, the single family guaranteed homeownership loan, the rural repair and rehabilitation loan or grant and the mutual self-help loan. This guide will help you figure out what these loans are and whether you qualify.
Though the terms and details of these loans differ, all offer very low effective interest rates (some are as low as 1 percent) and don’t require a cash down payment. To qualify, you need to have a decent credit history.
We’re here to make the USDA home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE USDA Loan Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The USDA Loan Process
Here’s how our home loan process works:
- Complete our simple USDA Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Our Jumbo Loan Rates Are Low & Our Process is Quick & Painless
A jumbo loan is a loan that exceeds the conforming loan limits as set by Fannie Mae and Freddie Mac. As of 2021, the limit is $548,250 for most of the US, apart from Alaska, Hawaii, Guam, and the U.S. Virgin Islands, where the limit is $822,373. Rates tend to be a bit higher on jumbo loans because lenders generally have a higher risk.
We’re here to make the jumbo home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE Jumbo Loan Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The Jumbo Loan Process
Here’s how our home loan process works:
- Complete our simple Jumbo Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
A cash-out refinance is a type of refinancing option in which the borrower takes out a new home loan on their property for a larger sum than what they owe on their original mortgage loan. They then receive the difference between those two loan amounts in cash.
This does not add an additional monthly payment. The larger loan replaces the borrower’s current mortgage, and the monthly payment amount will be different under the new agreement. If you’re doing a cash-out refinance, it’s important to review the terms in full to have a complete understanding of how this type of mortgage refinance will affect your budget.
Unlike a cash-out refinance, a cash-in refinance involves the borrower putting a large sum of money into the refinancing process rather than taking it out.
By paying down a significant portion of your mortgage balance, you’ll reduce your loan-to-value ratio (LTV) and increase the amount of equity you have in your home, which could result in lower monthly payments or a lower interest rate. This refinancing option tends to be best for individuals with underwater mortgages or homeowners who don’t yet have a substantial amount of home equity to access.
An FHA Streamline Refinance can be a great option for homeowners with Federal Housing Administration (FHA) loans looking to lower their monthly payments and avoid a repeat of the FHA appraisal process. If you currently have a conventional loan, you won’t be able to switch to an FHA mortgage with this type of refinance.
Depending on the circumstances surrounding your FHA refinancing, you can choose between a credit qualifying streamline – where the lender checks your credit score and debt-to-income ratio (DTI) – or a non-credit qualifying streamline for your FHA loan.
A VA Streamline Refinance (also referred to as VA IRRRL) is an option available to military veterans and active service members with Department of Veterans Affairs (VA) loans.
This type of streamline refinance allows VA loan borrowers to potentially lower their monthly payments and interest rates, shorten or lengthen their loan term or switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage. They also pay a lower VA funding fee. If you’re a veteran, service member or surviving spouse of a veteran with a VA loan, you can likely get a VA IRRRL – you’ll just need to provide proof of residence to your lender to qualify.
A reverse mortgage is technically a type of refinancing option for borrowers over the age of 62 with sufficient equity in their homes. Borrowers who switch to a reverse mortgage don't have to make payments on their loan while they’re alive. In fact, if you were to refinance with a reverse mortgage, you’d receive funds stemming from your home equity to be used for whatever you see fit. You could use the money to fund home improvements or consolidate credit card debt
However, it’s important to note that you’d still be expected to pay certain fees related to homeownership and your mortgage over the loan’s term. Once you sell your home or die, your loan balance will be due to your lender. The balance will either be paid through the proceeds from the sale of the home or through payments made by your heirs after a standard refinance.
Fixed-rate loans provide a single, lump-sum payment to the borrower, which is repaid over a set period of time, usually five to 15 years, at an agreed-upon interest rate. The payment and interest rate remain the same over the lifetime of the loan.
A home equity line of credit (HELOC) is an adjustable or variable-rate loan that works much like a credit card. In fact, sometimes these loans come with a credit card that the borrower can use for purchases on the line of credit. Borrowers are pre-approved for a certain spending limit and can withdraw money when they need it via a credit card or special checks.
About Opulence Home Equity
At Opulence Home Equity, we are dedicated to helping homeowners achieve financial stability and build generational wealth through personalized mortgage solutions.
Whether you're looking to lower your monthly payments, tap into your home’s equity, or explore refinancing options, our experienced team is here to guide you every step of the way.
One of our specialties is the FHA Streamline Refinance, a fast, hassle-free option designed to help you reduce your mortgage costs with minimal paperwork and no need for an appraisal. Let us help you simplify your finances and secure your future.
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