Refinance

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

Obama’s Broad Based Refinancing Plan

Obama’s Broad Based Refinancing Plan
February 1, 2012 2 Comments »

It took a few weeks, but we’ve finally got concrete details regarding the Obama Administration’s so-called “Broad Based Refinancing Plan.” First off, homeowners with Fannie Mae and Freddie Mac-backed mortgages who are unable to refinance their mortgage to take advantage ... Read More »

Obama’s State of the Union Reveals Little About Mortgage Plan

Obama’s State of the Union Reveals Little About Mortgage Plan
January 25, 2012 No Comments »

So amid all the endless clapping and standing ovations, Obama did manage to get a few words out about the prospective mass mortgage refinancing plan during his State of the Union address last night. While it wasn’t a lot, it ... Read More »

Mortgage Crisis Foreshadowing

Mortgage Crisis Foreshadowing
January 17, 2012 3 Comments »

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 on this very website. It’s not always easy to come up with new material, given ... Read More »

Why Principal Reductions on Loan Mods Aren’t the Move

Why Principal Reductions on Loan Mods Aren’t the Move
January 11, 2012 1 Comment »

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 America once and for all. You know, the one President Obama plans to unveil just ... Read More »

Mass Mortgage Refinancing Plan: Obama’s Ace In the Hole

Mass Mortgage Refinancing Plan: Obama’s Ace In the Hole
January 5, 2012 3 Comments »

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 to allow just about any homeowner to refinance, regardless of negative equity issues. But since ... Read More »

Bernanke Has Refinanced His Mortgage Twice in the Past Two Years

Bernanke Has Refinanced His Mortgage Twice in the Past Two Years
December 13, 2011 No Comments »

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 advice. After all, if they’re refinancing, maybe there’s something to it. But when it comes ... Read More »

Should You Bother Refinancing Your Current Mortgage Rate?

Should You Bother Refinancing Your Current Mortgage Rate?
November 15, 2011 8 Comments »

If you don’t mind, let me beat a dead horse. Mortgage rates are at or near record lows and you could save a ton of money by refinancing your mortgage. There. I won’t say it again because I know how ... Read More »

8 Reasons Why You Can’t Refinance Your Mortgage

8 Reasons Why You Can’t Refinance Your Mortgage
November 2, 2011 59 Comments »

With mortgage rates so low, just about everyone and their mother has at least inquired about refinancing their mortgage lately, whether it’s to obtain a lower interest rate and/or tap into their newfound equity. There are actually many reasons to ... Read More »

Senators Urge Passage of Underwater Refinance Program

Senators Urge Passage of Underwater Refinance Program
October 13, 2011 No Comments »

A bipartisan group of 16 Senators urged the Obama administration to remove barriers that have kept underwater homeowners stuck with inflated mortgage rates. In a letter to HUD secretary Shaun Donovan, Treasury secretary Tim Geithner, and FHFA director Edward DeMarco, ... Read More »

New Refinance Program Probably Won’t Mean Much

September 12, 2011 No Comments »

During President Obama’s speech to the nation last week, he mentioned that the White House would be working with the federal housing agencies to help more homeowners refinance their mortgages at today’s low rates. And on Friday, the Federal Housing ... Read More »