Refinance

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

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 97 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? 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

Obama Slashes Costs for FHA Streamline Refinances to Boost Market
March 6, 2012 7 Comments »

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?

What Is a Lender Credit?
February 15, 2012 15 Comments »

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 »

Star Financial Debt Free in 10 Mortgage Review

Star Financial Debt Free in 10 Mortgage Review
February 13, 2012 No Comments »

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?

Do I Qualify for the National Mortgage Settlement?
February 9, 2012 16 Comments »

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

Bank of America Has a Waiting List to Refinance
February 9, 2012 3 Comments »

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 »