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… Read More »Mortgage Crisis Foreshadowing
Refinance
Everything you’ve ever wanted to know about refinancing a mortgage, which is essentially replacing your dusty old home loan with a brand new shiny one.
There are many reasons to refinance a mortgage, but it usually boils down to wanting a lower interest rate or the desire to tap home equity.
Those who simply want a lower rate (or a different loan program) go with a rate and term refinance.
And those who want to tap equity go with a cash out refinance, which can also result in a lower mortgage rate if the timing is right!
There is also the streamline refinance, which makes it easier to refinance your home loan thanks to fewer paperwork requirements, even if your property value has declined.
I’ve also written a thorough article on the the mortgage refinance process, step-by-step, which is a must-read as well.
Check out those in-depth articles or browse the latest refinance-related posts below to learn more about the process!
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… Read More »Why Principal Reductions on Loan Mods Aren’t the Move
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… Read More »Mass Mortgage Refinancing Plan: Obama’s Ace In the Hole
Bernanke Has Refinanced His Mortgage Twice in the Past Two Years
When deciding whether you should refinance your mortgage, you may look to your friends, family, and neighbors to see what they’re doing and/or to get… Read More »Bernanke Has Refinanced His Mortgage Twice in the Past Two Years
Can I Refinance a Mortgage With Negative Equity?
Mortgage Q&A: “Can I refinance a mortgage with negative equity?” Nowadays, more and more homeowners are finding that their condo or home value isn’t worth… Read More »Can I Refinance a Mortgage With Negative Equity?