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

Is the Refinance Boom Finally Over?

December 22, 2010 No Comments »

Refinance demand fell for the sixth straight week, indicating an end to the boom that began in early 2009, according to the latest survey from the Mortgage Bankers Association. Overall, mortgage application volume was off 18.6 percent on a seasonally ... Read More »

When to Refinance a Home Mortgage

September 2, 2010 No Comments »

Mortgage Q&A: “When to refinance a home mortgage.” With mortgage rates at or near record lows, you may be wondering if now is a good time to refinance. Heck, your neighbors just did and now they’re bragging about their shiny ... Read More »

FHA Short Refinance Program to Launch Next Month

August 6, 2010 No Comments »

More relief is on the way for underwater borrowers, assuming mortgage lenders agree to take part in the voluntary program. On September 7, HUD will begin offering FHA loans to certain underwater non-FHA borrowers who are current on their existing ... Read More »

FHA Short Refinance Option Coming Soon

March 26, 2010 2 Comments »

A new option that should be available by fall of this year will allow borrowers current on their mortgages to execute short refinances into FHA loans, assuming the original loan is not FHA-insured. In fact, the new loan must NOT ... Read More »

Can I Refinance a Mortgage With Negative Equity?

October 1, 2009 4 Comments »

Mortgage Q&A: “Can I refinance a mortgage with negative equity?” Nowadays, more and more homeowners are finding that their condo or home value isn’t worth what it once was at the height of the real estate market. In fact, many ... Read More »

How Does Mortgage Refinancing Work?

How Does Mortgage Refinancing Work?
August 12, 2009 17 Comments »

Fundamental mortgage Q&A: “How does mortgage refinancing work?” When you refinance your mortgage, you are essentially trading in your old loan for a fresh one with a new interest rate and mortgage term. And possibly even a new loan balance. ... Read More »

Rate and Term Refis Reduce Mortgage Payments by Billions

July 30, 2009 No Comments »

Cash out refinancing hit its lowest point since late 2003 last quarter, but that’s not necessarily bad news. During the second quarter, just 38 percent of refinances resulted in loan sizes five percent or higher than the previous balance, while ... Read More »

Four Percent Mortgage Proposed to Solve Crisis

June 16, 2009 No Comments »

As expected, the recent spike in mortgage rates has led to wild new proposals to solve the ongoing mortgage crisis. The latest proposal comes from Arizona businessman Kenneth Wm. Parker, owner of Parker Properties/Parker Development, who has introduced the so-called ... Read More »

Wells Fargo Hired 5,000 Employees to Handle Mortgage Workload

April 22, 2009 No Comments »

San Francisco-based bank and mortgage lender Wells Fargo reportedly hired 5,000 employees to handle its ever-increasing mortgage workload, according to Bloomberg. Wells Fargo CFO Howard Atkins said in an interview that the bank increased staff over the past couple of ... Read More »

Obama Urges Americans to Refinance Mortgages

April 9, 2009 No Comments »

During a Housing Refinance Roundtable today, President Obama urged homeowners to take advantage of the record low mortgage rates currently on offer. He made the remarks while sitting with a number of families who were able to refinance their mortgages ... Read More »