Better.com has introduced a new loan product to boost affordability for veterans and active service members. The VA Interest Rate Reduction Refinance Loan (VA IRRRL) is a streamlined refinancing solution for eligible veterans, active-duty service members, and surviving spouses. “At Better.com, we are committed to honoring veterans for their service. The addition of VA IRRRL…
Better.com launched a streamlined FHA refinancing program without income verification or appraisal requirements. The program is completely digital and designed to simplify the refi process for qualified borrowers looking to lower their interest rate, shorten their loan terms, and change out of an ARM. The FHA Streamline Refinance is eligible for existing FHA loans that…
Refinance volumes got a boost in July as rates moderated to a palatable level for homeowners looking to save. Optimal Blue’s July 2024 Market Advantage mortgage data report showed refinance demand rising to its highest level since September 2022. Lower interest rates also led to increased purchase activity which, combined with the refi boom, resulted…
Mortgage applications just barely stayed positive last week, ticking up slightly. The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – increased by 0.5%. Adjusted purchase applications rose by 2%, while the unadjusted index was down 0.1% from the week before and 32% lower…
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