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

8 Reasons Why You Can’t Refinance Your Mortgage

8 Reasons Why You Can’t Refinance Your Mortgage
November 2, 2011 71 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 »

Chase Mortgage Refinance Rates Intentionally Inflated?

August 24, 2011 No Comments »

Those looking for a mortgage refinance may get a surprise if they bank with Chase. The NYC-based bank and mortgage lender is currently advertising mortgage rates well above the national average. The WSJ first reported on the “issue,” speculating that ... Read More »

What Is a Cash-In Refinance?

August 17, 2011 1 Comment »

If you’re currently the proud owner of a mortgage, you’ve undoubtedly heard of a cash-out refinance, one that allows you to tap into your home equity. They were quite popular during the housing boom, when homeowners serially refinanced and simultaneously ... Read More »

Mortgage Rates Expected to Stay Below Five Percent Through Early 2012

June 20, 2011 No Comments »

Here’s some good news if you’re looking to buy or refinance in the near future. Mortgage rates, specifically 30-year fixed mortgage rates, are expected to stay below five percent through to next year, according to mortgage financier Fannie Mae. The ... Read More »

Nearly a Third of Refinancers Choose 15-Year Fixed

June 17, 2011 No Comments »

Shorter term mortgages continue to gain in popularity. In January, a staggering 29 percent of refinancing borrowers went with the 15-year fixed, up from just 11 percent two years ago, according to the most recent data available from CoreLogic, as ... Read More »

Home Affordable Refinance Program Extended

March 14, 2011 No Comments »

Despite ongoing criticism and a number of recent bills aimed at ending several government mortgage assistance programs, the Home Affordable Refinance Program (HARP) has been extended by one year, per the Federal Housing Finance Agency. The FHFA announced Friday that ... Read More »

FHA Short Refinance Program Has Resulted in Only 15 Refis

January 26, 2011 No Comments »

The FHA Short Refinance program, made available to loan servicers in June but formally launched in October, has resulted in just 15 refinances as of December 31, according to Congressional testimony from the Special Inspector General, Neil M. Barofsky. A ... Read More »

FHA Refinance Applications Plummet in November

January 12, 2011 No Comments »

FHA refinance loan volume fell 29.9 percent from October to November, according to a FHA Single-Family Outlook released recently by HUD. A total of 69,062 FHA loan applications were received for refinance purposes, down from 98,544 a month prior, and ... Read More »