Refinance
Everything you’ve ever wanted to know about refinancing a mortgage.What is a Lender Credit?
Mortgage Q&A: “What is a lender credit?” Back before the mortgage crisis reared its ugly head, it was quite common for loan officers and mortgage brokers to get paid twice for originating a single loan. They could charge the borrower ... Read More »
Star Financial Debt Free in 10 Mortgage Review
Every once in a while I take a look at certain mortgage products I see advertised to determine if they make any sense for homeowners. Today we’ll take a look at Star Financial’s “Debt Free in 10 Mortgage,” which put ... Read More »
Do I Qualify for the National Mortgage Settlement?
In case you haven’t heard by now, the so-called “National Mortgage Settlement” was finalized today. It’s the largest multi-state settlement since the Tobacco Settlement back in 1998, related to robosigning allegations that took place over the past several years. Essentially, ... Read More »
Bank of America Has a Waiting List to Refinance
If you’re interested in refinancing your mortgage with Bank of America, you may be in for a big surprise. Per Bloomberg, the mega bank has been unable to keep up with demand, thanks in part to HARP Phase II, which ... Read More »
Obama’s Broad Based Refinancing Plan
It took a few weeks, but we’ve finally got concrete details regarding the Obama Administration’s so-called “Broad Based Refinancing Plan.” First off, homeowners with Fannie Mae and Freddie Mac-backed mortgages who are unable to refinance to take advantage of the ... Read More »
Obama’s State of the Union Reveals Little About Mortgage Plan
So amid all the endless clapping and standing ovations, Obama did manage to get a few words out about the prospective mass mortgage refinancing plan during his State of the Union address last night. While it wasn’t a lot, it ... Read More »
Mortgage Crisis Foreshadowing
I think a lot. Often, about mortgages. In fact, a day doesn’t go by when I don’t try to think of topics to write about on this very website. It’s not always easy to come up with new material, given ... Read More »
Why Principal Reductions on Loan Mods Aren’t the Move
Unless you live under a rock, you’ve likely heard stirrings of a mega super duper fantastic solve-all trillion-dollar refinance program in the works to save America once and for all. You know, the one President Obama plans to unveil just ... Read More »
Mass Mortgage Refinancing Plan: Obama’s Ace In the Hole
We’ve heard talk of mass refinancing plans for years now, but nothing has quite delivered. Sure, the Home Affordable Refinance Program (HARP) was recently expanded to allow just about any homeowner to refinance, regardless of negative equity issues. But since ... Read More »
Happy Holidays: Your Gift is Record Low Mortgage Rates
You guessed it. Just in time for the holidays, mortgage rates fell to yet a new record low. Average interest rates on the popular 30-year fixed-rate mortgage slipped to 3.91% during the week ending December 22, down from 3.94% a ... Read More »
