Refinance

Everything you’ve ever wanted to know about refinancing a mortgage.

Homeowners Are Betting on a Housing Recovery

Homeowners Are Betting on a Housing Recovery
August 14, 2012 No Comments »

The other day, I got to thinking about the state of the housing market, as I often do. The last time I discussed it, my focus was on the free-for-all taking place in some “hot” markets across the country. In ... Read More »

New Refinancing Program for Loans Not Owned by Fannie or Freddie

New Refinancing Program for Loans Not Owned by Fannie or Freddie
July 30, 2012 2 Comments »

Yet another mass refinancing program has been proposed, this time by Oregon Senator Jeff Merkley. His program, “The 4% Mortgage: Rebuilding American Homeownership” (RAH), is geared toward underwater borrowers who have kept up with their mortgage payments, but haven’t been ... Read More »

Don’t Let Your Current Lender Talk You Out of a Refinance

Don’t Let Your Current Lender Talk You Out of a Refinance
July 18, 2012 2 Comments »

What I’ve seen and heard quite a bit lately is lenders not being so forthcoming with their existing borrowers wanting to refinance their mortgage. So when a homeowner goes to inquire about the “awesome low rates,” their first instinct may ... Read More »

Facebook Founder Mark Zuckerberg Has a 1% Mortgage

Facebook Founder Mark Zuckerberg Has a 1% Mortgage
July 16, 2012 No Comments »

It’s always interesting to see what the rich and famous are doing, right? Heck, celebrity magazine Us Weekly features a section called “Just Like Us,” which attempts to liken celebrities to everyday people. They “play in the park” and “get ... Read More »

Mortgage Rate Shopping: 10 Tips to Get a Better Deal

Mortgage Rate Shopping: 10 Tips to Get a Better Deal
June 4, 2012 1 Comment »

If and when you shop your mortgage rate, it’s important to be thorough, and understand that you’re not always comparing apples to apples. For example, lenders don’t charge the same amount of fees, so clearly rate isn’t the only thing ... Read More »

New Bill Aims to Make Refinancing a No-Brainer

New Bill Aims to Make Refinancing a No-Brainer
May 21, 2012 2 Comments »

Have you wanted to refinance, but don’t have the money for closing costs? Or feel the costs involved may not justify the lower rate? Some of you must, considering the fact that 17.5 million homeowners with Fannie Mae and Freddie ... Read More »

Obama Hasn’t Refinanced His Mortgage in Seven Years

Obama Hasn’t Refinanced His Mortgage in Seven Years
May 17, 2012 1 Comment »

Despite a push to allow more Americans to refinance their mortgages (Harp 2.0), the Obamas haven’t taken the time to refinance their own, according to a disclosure released yesterday by the White House. The financial disclosure revealed that as of ... Read More »

Watch Out for Low Mortgage Rates You Have to Pay For

Watch Out for Low Mortgage Rates You Have to Pay For
May 7, 2012 4 Comments »

Mortgage rates keep on marching lower and lower, with new records broken seemingly every week. But with all the fervor surrounding mortgage rates, some lenders are playing the “how low can we appear to go” game. For example, mortgage lenders ... Read More »

What Is a Streamline Refinance?

What Is a Streamline Refinance?
March 30, 2012 131 Comments »

Mortgage Q&A: “What is a streamline refinance?” While qualifying for a mortgage refinance is generally a lot harder than it has been in the past (now that lenders actually care how your mortgage performs), there are less cumbersome options available. ... Read More »

The Refinance Rule of Thumb

The Refinance Rule of Thumb
March 21, 2012 5 Comments »

How Much Lower Should Mortgage Rates Be to Refinance? If you’re considering refinancing your mortgage, you may have searched for the “refinance rule of thumb” to help you make your decision. Of course, there isn’t a single refinance rule of ... Read More »