In the middle of January my new husband and I began the process of refinancing our loan. We live in Maryland and we began working with a lender in our area. We paid for an appraiser to come (their recommended appraiser) for $350, as well as paid $200 for some fee that Bank of America [...]

And How do i go about it? I took a brief real estate class and i remember the general discussion of hard money lenders and how they give you a large sum for a short time for things of this nature. I’m thinking about getting my first home but have limited funds and thought of [...]

Refinancing is basically paying off one loan with the proceeds from a new loan secured by the same property. In other words, you’re taking a loan to pay off another loan and securing it with your property. It’s often done to reduce interest costs (by refinancing to a lower mortgage rate, changing the length of [...]