Mortgage rates have reached historic lows, partly due to COVID-19. Many homeowners have decided to refinance their homes and take advantage of the low rates.
Rebecca Richardson was featured in a Time Next Advisor article.
“Since a refinance is still considered a new loan (that’s replacing an existing one), lenders want to ensure the value is sufficient compared to the new loan amount,” says Rebecca Richardson, an industry blogger and senior mortgage consultant for the online mortgage company Wyndham Capital.
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