Obama Answered My Question About HARP 3
This week has been all about Obama, at least on this blog. The President has been making the rounds, visiting multiple locations on the West… Read More »Obama Answered My Question About HARP 3
Refinance
Everything you’ve ever wanted to know about refinancing a mortgage, which is essentially replacing your dusty old home loan with a brand new shiny one.
There are many reasons to refinance a mortgage, but it usually boils down to wanting a lower interest rate or the desire to tap home equity.
Those who simply want a lower rate (or a different loan program) go with a rate and term refinance.
And those who want to tap equity go with a cash out refinance, which can also result in a lower mortgage rate if the timing is right!
There is also the streamline refinance, which makes it easier to refinance your home loan thanks to fewer paperwork requirements, even if your property value has declined.
I’ve also written a thorough article on the the mortgage refinance process, step-by-step, which is a must-read as well.
Check out those in-depth articles or browse the latest refinance-related posts below to learn more about the process!
Chart: Look How Many Homeowners Could Benefit From HARP 3.0
I’ve discussed the idea of an enhanced Home Affordable Refinance Program (HARP) on several occasions, though nothing has actually materialized. Whether it’s HARP 3.0, #MyRefi,… Read More »Chart: Look How Many Homeowners Could Benefit From HARP 3.0
Don’t Choose a Mortgage Lender for Their Sales Gimmick
As competition heats up, banks and lenders will likely ramp up efforts to get their hands on your mortgage, using all types of pitches and… Read More »Don’t Choose a Mortgage Lender for Their Sales Gimmick
Watch Out for the Adjustable-Rate Mortgage Pitch
Over the past couple weeks, mortgage rates have risen roughly 1% across the board. If you look at Wells Fargo’s mortgage rates, which I highlighted… Read More »Watch Out for the Adjustable-Rate Mortgage Pitch
Bank of America Panned for Unattractive Refinance Offer
Anytime someone is looking to save you money, you should probably be skeptical, really skeptical. After all, it’s one thing to seek savings on your… Read More »Bank of America Panned for Unattractive Refinance Offer
Mortgage Rates Experience Largest Single-Week Increase Since 2011
To say the last couple weeks have been bad for mortgage rates (and consumers) would be an enormous understatement. In fact, over the past month… Read More »Mortgage Rates Experience Largest Single-Week Increase Since 2011
New Study Blames Cash Out Refis for Mortgage Crisis
A new study from Fed researcher Steven Laufer puts a lot of the mortgage crisis blame on cash out refinancing, which swelled in popularity as… Read More »New Study Blames Cash Out Refis for Mortgage Crisis
How Does HARP 2.5 Sound?
For the past couple years now, there has been a big push for a so-called HARP 3.0, which would essentially open the door to private-label… Read More »How Does HARP 2.5 Sound?
HARP May Be Expanded and Extended to Promote Mortgage Refinancing
There’s been a lot of buzz about the Home Affordable Refinance Program lately. While it has picked up steam in recent months, thanks to the… Read More »HARP May Be Expanded and Extended to Promote Mortgage Refinancing
New Petition Urges Mortgage Re-HARPing
Well, file this one under “was bound to happen,” or, “was only a matter of time.” A clever guy by the name of Marcus J.… Read More »New Petition Urges Mortgage Re-HARPing