How Long Does It Take to Refinance a Mortgage?

How Long Does It Take to Refinance a Mortgage?

Olivier Le Moal/iStock How long does it take to refinance a mortgage? Refinancing should take anywhere from 30 to 45 days on average, although that can stretch to 60 days if you hit any snags along the way. In other words: Don’t expect a refinance to happen overnight!...
What Is MIP? Mortgage Insurance Premium, Explained

What Is MIP? Mortgage Insurance Premium, Explained

MicroStockHub/iStock If you’re a first-time mortgage borrower, you might be asking yourself, “What is MIP?” Home buyers considering getting a loan from the Federal Housing Administration will find MIP, or mortgage insurance premium, especially relevant because all FHA...
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