refinance Archives - Catalyst Mortgage

Divorce Mortgage – how to remove a coborrower during a divorce or separation When going through a separation or divorce, if a mortgage exists with both parties as borrowers, the mortgage must be refinanced to remove one of the parties. A refinance is done to remove one borrower from future financial obligation. To remove an…

When it comes to restructuring a mortgage loan, borrowers have 2 (non-modification/delinquency related) options – a refinance or a recast. We often get calls about mortgage refinancing from people who want to pay down their loan balance to get a lower monthly payment. In many cases, these inquiries are better served by a mortgage recast.…

Should I Pay Points? When getting a mortgage, one of the most important things to pay attention to is the cost of the loan being applied for. There are certain loan fees customers can shop for that may be drastically different from one lender to another (for example, origination/discount points, and lender fees) and some fees…

Recently Closed – Cash Out Refinance in Downingtown, PA Have you heard the latest news on consumer debt? Well, the gist is that it’s high. Really high. Like, higher than it’s been since before the ‘Great Recession’. While mortgage debt and student loan debt are leading the way due primarily to the…