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Campos Financial Corp. dba: Simply Mortgage Logo

Ronnie da Motta

NMLS ID 15874

818-402-2087 ronnie.damotta@simplymtg.com

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Blog Image: Merry Christmas and Happy New Year

Merry Christmas and Happy New Year

All of us at Campos Financial Corp. dba: Simply Mortgage would like to wish you a Merry Christmas and a Happy New Year! We hope that 2021 is a year full of happiness, health and prosperity for you and your loved ones. All the Best, Campos Financial Corp. dba: Simply Mortgage

December 23rd, 2020 | Refinancing a Home, Credit, Home Equity, Merry Christmas and Happy New Year

Blog Image: Is It Possible to Escape Refinance Closing Costs?

Is It Possible to Escape Refinance Closing Costs?

Mortgage interest rates are at record lows. According to mortgage guarantor Freddie Mac, the average rate on a 30-year fixed-rate mortgage has averaged under 3% for seven straight weeks now. There has probably never been a better time to refinance a home loan. However, coming up with the closing costs to pay for that refi can be challenging for many homeowners. They can total between 2% and 5% of the refinance loan balance. With today’s median home price of around $300,000, closing fees could range from $6,000 to $15,000. ‘No Closing Cost’ Refinance Loans You may be ask...

November 11th, 2020 | Refinancing a Home, Is It Possible to Escape Refinance Closing Costs?

Blog Image: Should I Pay Off Student Loans with a Home Refinance?

Should I Pay Off Student Loans with a Home Refinance?

In today’s unpredictable COVID-19 employment environment, many Americans are feeling an economic pinch. Those who have student loans received temporary relief with the government CARES Act, but when that ends, some borrowers may be wondering how they are going to make their payments again. For homeowners, it may be possible to get a refinance loan to pay off all the student loan debt. But is this a smart solution? Pros of Paying off Student Loans with Refinance Money By taking out a refinance mortgage to pay off student loans, borrowers can consolidate their debts into one payment....

October 21st, 2020 | Refinancing a Home, Should I Pay Off Student Loans with a Home Refinance?

Blog Image: How Often Can I Refinance?

How Often Can I Refinance?

You refinanced your home mortgage a few months ago, but interest rates have dropped dramatically since that time. Or perhaps you have had a financial emergency pop up and it would be really helpful to tap some of your home equity with a cash-out refi. Is it possible to refinance again? And should you? Specific Loan Requirements While borrowers can refinance as many times as they want, there may be specific waiting periods based on your particular loan. For example, a “seasoning” period of six months is the standard wait for most conventional lenders. If you refinance with ano...

October 14th, 2020 | Refinancing a Home, How Often Can I Refinance?

Blog Image: Should I Refinance into a 15-year Mortgage Now?

Should I Refinance into a 15-year Mortgage Now?

Mortgage interest rates are at all-time lows right now. It’s obviously a great time to refinance for lower rates and payments. Perhaps you are interested in paying off your mortgage loan faster though. Is refinancing into a shorter loan a good idea right now too? Interest Savings A 15-year fixed rate home loan is a popular option for borrowers looking to be mortgage-free sooner. These shorter loans come with even lower interest rates than 30-year mortgages, allowing homeowners to save thousands in interest. For example, for a borrower with a home valued at $300,000 with a 20% down ...

August 26th, 2020 | Refinancing a Home, Should I Refinance into a 15-year Mortgage Now?

Blog Image: FHFA: Borrowers in Forbearance CAN Refinance

FHFA: Borrowers in Forbearance CAN Refinance

The onset of the COVID-19 crisis has forced millions of Americans into unemployment, resulting in over 4.1 million homeowners applying for mortgage forbearance. There has been plenty of confusion about how the rules of forbearance – a payment deferral plan – affect everything from credit scores to the ability to refinance or sell. Last week the Federal Housing Finance Agency announced changes to Fannie Mae and Freddie Mac forbearance policy that will allow borrowers to refinance out of their modified loans. In the past, mortgage loans in forbearance could not be refinanced for a...

May 27th, 2020 | Refinancing a Home, FHFA: Borrowers in Forbearance CAN Refinance

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