Refinance
Everything you’ve ever wanted to know about refinancing a mortgage.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 »
New Bill Aims to Make Refinancing a No-Brainer
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
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
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?
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
How Much Lower Should Mortgage Rates Be to Refinance? There is no one-size-fits-all answer Because no two loan scenarios are the same You have to factor in existing loan details And future plans/financial objectives If you’re considering refinancing your mortgage, ... Read More »
Obama Slashes Costs for FHA Streamline Refinances to Boost Market
In another effort to buoy the flagging housing market, the Obama administration announced today that it would essentially be removing the upfront mortgage insurance premium on streamlined FHA refinances. So homeowners who currently hold an FHA loan, looking to refinance ... Read More »
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 home loan. They could charge the ... Read More »
