Last Updated: 04/18/2025
MonsterLoans Mortgage Refinance
Unaffiliated
in Mortgage Refinance from MonsterLoans
Last Updated: 04/18/2025
SuperMoney User Recommendation Score -33
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MonsterLoans Mortgage Refinance Review
Key Takeaways
- Wide selection of mortgage programs offered. MonsterLoans Mortgage Refinance refinances FHA, USDA, VA, conforming, and conventional mortgages.
- Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
- Non-standard interest rates available. MonsterLoans Mortgage Refinance only offers hybrid mortgages.
- Only primary residences considered. MonsterLoans Mortgage Refinance does not refinance vacation or investment properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
MonsterLoans Mortgage Refinance Pros & Cons
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MonsterLoans Mortgage Refinance FAQ
What is the maximum loan term for a mortgage refinance via MonsterLoans mortgage refinance?
How long does MonsterLoans mortgage refinance take to refinance?
MonsterLoans mortgage refinance does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.Does MonsterLoans mortgage refinance charge a mortgage origination fee?
What mortgage programs does MonsterLoans mortgage refinance offer?
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does MonsterLoans mortgage refinance allow?
- Primary home
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