Refinance
Everything you’ve ever wanted to know about refinancing a mortgage.New Petition Urges Mortgage Re-HARPing
Well, file this one under “was bound to happen,” or, “was only a matter of time.” A clever guy by the name of Marcus J. from Clementon, New Jersey has created an online petition to eliminate the securitization cut-off date ... Read More »
Mortgage Rates Not as Low as They Could Be
A new Fed study and associated workshop revealed that mortgage lenders continue to offer inflated mortgage rates to consumers, despite ongoing efforts to reduce such borrowing costs. Over the past several years, the Fed has pledged to purchase billions in ... Read More »
Watch the Holiday Spending If You Plan to Refinance
Well, believe it or not, the holidays are upon us again. It seems like just yesterday I was cursing the fact that I didn’t have an air conditioner, and now I wish I had a better heater. Go figure. To ... Read More »
HARP Refinancing Takes Off Thanks to New Guidelines
As a result of recent enhancements, and perhaps ultra-low mortgage rates, the Home Affordable Refinance Program has actually made a meaningful impact. Last month, there were a total of 98,885 HARP refinances recorded by the FHFA, which accounted for nearly ... Read More »
Pros and Cons of Refinancing Your Mortgage Right Now
Since April 1, 2009, roughly 16.2 million American homeowners have refinanced their mortgages, according to the latest Housing Scorecard released by HUD. But as you may or may not know, there are still millions of homeowners who have not, for ... Read More »
Homeowners Are Betting on a Housing Recovery
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
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
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
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
Looking for the best mortgage rates? We’ve all heard about the super-low mortgage rates available, but how do you actually get your hands on them? When it’s all said and done, it never seems to be as low as the ... Read More »
